10/22 DRC

 Market is super tight. I see it going both ways. We had big sells on big runners yesterday, but also a lot of strong looking breakouts forming. 

SPY around 343 is going to be huge, we had a flush after hours yesterday and have since recovered it and building just under 343. Cant quite get above it going into the open. I have no problem with the short but would rather see the long play out.

Shaping up to be a very eventful day. Today is the day to step on the gas if its there.

1. Follow all entry rules.

2. Proper size on each.

3. Cut losses fast.

4. Use correct stop on adds. Deal with tiny loss to keep potential for big win on board.


3star ATVI M

2star SPY TSLA COST SPOT PYPL MGM CNK VRM

TSLA

quick scalp bo at open, quick win. Clear tape.

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

Anoth one later in day as market recovered clear breakout curling up pattern with vol. Small win. 

M

core add on break of prev hi and add sclps. Scalp couldnt bust out through HTF bo level but holding core.

Turned to vwap and prev hi, turned higher, added. 

Market dump lower, M not reacting still clear buying. Near HOD into HTF bo.

Turned lower huge offers, taking small W. Back in on break. 

MGM

late entry, clear bo around bo HTF level, small size to start. 

struggle, but holding sideways for moment as is market.

cant seem to bust, taking tiny loss for reset. 


SPY

lots of trades here, all options.

Longs to start when we failed lower, made new high, got stuffed though., reset again and same thing got crushed on flush lower.

Then started thinking short since we had clear failure, internals weak, QQQ trending lower, got in core and my adds.

Had huge flush on lod break, and got completely engulfed higher. 40cent move in seconds. Market still weak and I am still holding, I still see us dropping lower as everything is weak here. 

back to vwap and rejected hard lower, and again repeat, huge engulf higher.

QQQ straight lower into prev lo now, big spot for it to break, all FANG weak, SPY jsut barely hanging on still. Lots of vol  

Tried lower again, didnt flush, cut size in half. Cant deal with it. 

And no surprise when I get out thats the high and we make new LOD. Only half size still. 

Again bid up and engulf higher. Cant make sense of this need to lock in gains. 

Market getting droppy. That feel. Looks like capitulation move. Will be all out if I see it. 

Made it to prev lo and HTF zone lo, bouncing with big vol as are QQQ and internals. Getting ready to get out. 

Little more in the move it seems. Will be all out on 1min hi basis. Clear capitulation. And all out. 

1K win cut in half. Stupid. Made it so hard to sit and wait and hold and survive every single bounce. 

SPOT

SPY ugly, rebound super hard, SPOT lagging and in on small bounce.

V slow name spready have to wait. 

No go. 

Reset though, clear rolling low vol, scalped back in and added, great tape and cues. Took it at 1st warning sign. 


DAR

quick scalp reversal, good setup and cues, spread bit me god though, gave back a decent chunk on take for small win. 

EXPE

quick one again, had nice flush, but poor entries and spiked up quick on me after good drop. Tiny win. 

AAPL

momo scalp, clear pattern 

great cues again, small quick win. 

made mistake and did not adjust size for full exit, last bit ill try and sneak a win if not cut breakeven 

Actually added more, huge bid came in and i got in in front, another small win. 

NFLX

got cocky and unaware of risk. Too big of size on scalp and added. And stuffed me hard. Its what I get trying to force things. Just a scalp shouldve been small loss but took a big one. 

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

Is still setting up though so will try again if it gets there. 

Tried again much later as SPY exploding higher with big squeeze good in and adds, but slow tape and vol. 

Couldnt get the pop, small W. 


SPY

reset big short play again. Not super clear weakness in internals but location and other stocks clearly wanting lower and looking great for it.

In small on break of mini range, may not get pb to level I want the bigger short at. Will add with momo if we get it. 

Added on breakdown, QQQ continually weak making LLs

Ripped my face off. Big L.


TSLA another scalp, no go. 

Airlines started popping, tried DAL a few times and no go there for me either. 

LUV

re para again with others, clear over and other airlines dropping.

Ripped my face off





Well I had a really good day going. Bunch of small scalp wins decent SPY plays. Made money back on it after the long ideas had failed. Lots of scalp plays for quick pennies. Good with that.

Then after market conditions changed, SPY recovered, I flipped my 'give all my money back' switch on. Started the day 26/33 and ended it going 2/15. Garbage. Absolutely my own fault. Threw compliance out the window. Sized up on a few scalps that I had no business trading. SPY re short attempt was completely unclear as internals were not showing what they were the 1st time around and got killed on it. Airline reversals stepping in front of a train, repeatedly. 

Just settling for less again. Thinking I can do anything again after such a solid morning, started getting cocky and wanting to shoot anything. 

Those 1st 33 trades were great. Only SPY management was issue. Starting with NFLX scalp

-should not have taken, ugly enough to avoid, no vol signs, TL break was into another break, not a big pivot. Got excited because SPY was jumping, not NFLX itself. Sized up, took huge scalp loss. Terrible.

-SPY reshort, market was not clean and clear, no vol cues, just good location. Not enough. Took WAY too long to exit.

-NFLX 2nd attempt much better and cleaner, just no big follow up.  

-TSLA scalp solid setup as well, just clipped me out before bigger move came. Fine.

-Airlines i was way too excited to put a position on. Did not wait for better setup and got killed.


Settling for less. Did I read my entry rules before each of those trades? Nope. If I did would I have taken them? Nope. 

Completely different trader from the 1st 2 hours compared to the rest. Manage risk well, took tiny losses, good size. 

The only thing that changed was market conditions. Why did I have to change. I started forcing things. Bad habits. 



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