10/21 DRC

 Markets getting tight from a range within a range. Looking likely to make a break one direction or the other. Im thinking upside has the best potential as long as we keep holding 343 like we have been. Might see a good move today.

My trading was great yesterday. 100% compliance, scalped well, avoided big picture ideas becuase none set up the way I wanted. No stress. Today might be same case we will see.

1. I have to stop taking trades that do not match my entry criteria.

2. I must size appropriately and manage risk

3. I have to cut my losers faster.

Goal is 100% compliance


SQ

reversal trade, no go.

FSLY

scalp reversal, no go again, good adds good cues, cant get quick follow through, snall win. 

CGC

Pot stocks ripping, got to new highs and breakouts, tested under vwap and saw big bid, in and ticks up. 

Ran into hidden sell, all out for small loss to start. 

There is good tape and buying here. Re entry is here. Market strong.

Got re entry and adds to scalp, cant just bust out for me scalp adds off, leaving core.

Grinding its way high, big vol but candles small. Tough to sit and hold here seeing warning signs. 

Huge offer at 1st pivot breakout.  Broke him. Stop moving up. We should be gone here.

And new hod, lots of buying but sell pressure seems to be here. Other names ripping too. Will take profits as I must.  

I do not like the action up here. Seeing big refresh sell and struggle to move more. Took half a bit early. Rest to ride on 9.

Getting whippy and choppy, both hidden buys and sells, bailed on it. Maybe reset later. 

GOGO

solid reversal, great tape, but no follow up on big bid, took quick win and was good call.  

CB

not a+ setup, but definitely good enough, lost TL from lod and had hidden buy disappear, no go though. 

--------------------------------

Gained momo down, got back in and added, market v weak rolling lower. 

No go again, will avoid 

PTON

market dump, PTON great setup, good add but again no go, I get out, and thats when it comes back up. 

ARKK

another reversal, huge bid showed up and im in in front. Waiting to see if market can recover here. 

Needed market it seems for all these to play out, shouldnt be surprised. Made it to TL break and PT, waiting to take. Will judge along with market. 

Made its way higher still, big bid followed and using as stop as were losing 9ma now. 

Just ticking under it, not seeing anything after it, still holding for moment. 

Real tight in between MAs, SPY holding under vwap, not recovering here yet vol v low, might be done soon if SPY turns and we react ill bail.

Instead bid comes in in we step up. 

All out as we dropped lower. 

SPY

clear internal cues for short, I went with momentum and added. 

Big flush, thought it might be news, held on for a few minutes as it went sideways for a sec

All out on range break, letting it chill

CGC

Scalp setup, clear level of entry.

After entry v odd action, Too whippy big offer cant get through all out just under. Small L

PENN

scalp setup

1st no go on break,

later reset with market help and big bid came in, back in.

But took him and out again. 

Switched bias to short as market also came off. Added on break lower, 

Came up on me again and cut, small loss. Avoid. 

RPRX

big breakdown, v over ext. In on bid and added on weak pullbacks. 

Added again on new range break. Lots of buying. 

Couldnt stick it all out against me. Not worth holding. 




A pretty decent day. Nothing again but a ton of scalps and reversals. Market was trending well to start, I had so many gappers its hard to see a clear way to get a big core on and hold so I avoided it and thats fine. 

CGC was a decent looking one as pot stocks hit my alert and went off, but no follow through on the bigger level breaks, ended up breakeven on CGC which is good. SPY big failure on TL break and clear internal failure was a great one too. Late timing though hurt.

I traded small, managed small, and still got a lot of good wins. Nothing huge on the day and kept taking the small losers as they happened.

I did have a few of my trades, as soon as I exit, turned right back into the win I wanted to see. I went back and looked at the tape for each. Only on 1 did I get out before I should have, the others, just the way it goes. Sucks but was clear time and place for exit given the things I was seeing, and to prevent further losses. Things just didnt go straight pops as I like to see and thats just how it is sometimes. 

Tomorrow will keep doing the same/ Play small, take my wins and leave. Keeping mind open for big picture setups and NOT scalping them when market conditions are what I want to see. 




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