10/19 DRC

 Fridays close was pretty ugly, sold off hard to end the week but remained above prev week close. Bulls still have edge, but were getting into choppy territory. Really not sure what to expect going forward from here so that means I need to be playing it super safe. Taking only clean and clear and making sure im not fighting market conditions. 

A decent number on the watchlist. Nothing overwhelming. Some gappers, beatdowns looking very tight ready to pop. For other beta names, not sure what to expect from here. If market isnt going to be breaking and trending higher then ill expect chop in there too.

3star LUV PLAY GOGO

2star DKNG PFE PTON TTWO OSTK ULTA ABT OSUE CRSR

1star APPS

GOGO

solid open and tape with vol, got late starter and added 

Didnt follow through well at all, tiny scalp win on adds, came back to entry on starter and all out for moment.

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Not clean or easy to see, doesnt feel right to take it yet, need it to coil longer, maybe fake out a push lower for re entry. Wont take break. 


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Much later in day after another SPY flush, we broke triangle lower into HT, failed it, reclaimed and had huge bid show up. Scalp long. 

Good everything, into vwap and range high. Looking to see break if not ill take half soon

Got above and took some, funky action and huge bid showed up and I added big but no go all out. Last add kinda killed p/l walking away tiny win. Way too big of last add. 

PTON

weak and crashed under prev lod. In iwth mom as we went away from coiling around HTF zone

Added but didnt go 1st time. Came up to reset 128, tested above, failed dropped added again, do not like action though on new LOD. Not aggressively seeing sell, seeing buys still holding us, took small win on adds. 

Seeing vol increase but buyers must clearly be defending. 

Cut as got past entry and big offers, just not acting right. 

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Came into prev lo zone, looking for re short. market still weak for moment but may get bought. 

Did see the sell, market really sold off and PTON followed back in. Got terrible fill. 

Is coming off, will use entry as out now. Headed to lod. 

Up 2R so need to make sure I leave with a win. Seeing trouble already going to lod and SPY bounding higher. 

128 clear spot to bail. 

New LOD. 126.5 and 126 for big D breakdown. Lots of longs to get out today. 

Drifting higher as market still weak, huge offer at 128 got in an add off him. Market still bad, and we trying to turn lower. 

Broke back higher anyways and out. Engulfed lower, not retaking seen too much buying when we should be weak. 

Was good call, engulfed higher next candle. Will have to see it settle.

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Settled under vwap and top of HTF zone, huge offers still here but market recovering, not sure if re entry yet. 

MAs coiled under price here, need to see some kind of failed break higher for short. 

Went for short on large offer, but no go. 

Right away though, hidden sell, then stuff lower, then back in followed by refresh. Market also turn lower.

Market really going lower. PTON slowly following. 

Broke lower to PT took majority off. 

Again markets at new LOD and PTON cannot keep its weakness. Refresh sell still here though will have to follow tape for last bit. 

Broke and didnt reclaim 128 right away all out. 

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Scalping around. 

OSTK

market selling off and OSTK holding under zones. Got in on breakdown. 

Sold off well to PT under 75 and holding it. Will be all out on reclaim of 75. And out as market also bounced. Clear reversal pattern probably couldve longed but focused on PTON.  


OSUR

Super tight wedge into htf bo level, beatdown all day. Sudden pop and massive bid here in in front. 

Killed me. 




Need to be better with my scalps. On just about all of them if I follow the +1R, stop set around breakeven, I would have eliminated a lot of losses. 


OSUR was just unfortunate. Did not anticipate that and 99/100 times never see that happen.

OSTK should have been prioritized over PTON, much cleaner setup and had not seen rollover quite yet. Could have added bigger to it and managed it better to hold some.

GOGO scalps were great. Except the last one where I doubled size and got crushed as it turned. Size should never go up that much. Should have left decent win instead of barely green. Good cut on 1st big picture trade. 

PTON scalps were an interesting case. There were scalp setups each time against big offers and refresh that showed around whole numbers, but didnt pay enough attention to bigger picture holds. Instead of trying to get in and out every move I should have stuck with a core, and added to the core on each fail above the whole number. Scalping around the offers was fine, but should not have gotten completely out of each position as it turned on me. 



Bad day. Tried scalping everything. Whether it was good setup or bad. Didnt focus on best looking setup, stayed with ones that werent working, fought the clear buying in some names. Paid for a lot. 

I need to be better at asking myself if I need to be in this trade. I keep trading just to trade. 

Tomorrow I will list intraday goals.


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