10/23 DRC

 Big issue yesterday was size. Had a lot of small scalp wins which is great, then started ignoring rules, sized up, took lesser setups. And gave back whole day and then some just because I wanted to trade.

I got lazy and didnt check myself. Every time I get up and do well, I cant get lazy and ignore things. 

I need to keep my emotions in check. I need to find a better way to stop myself before I keep going at it.

p/l is the obvious choice. I was up 400$ and dropped it down to 0. Thats the stopping point. At the point I need to ask what the hell am I doing. Why am I giving everything back. If its on good setups and I just got screwed, so be it. But yesterday was not. It was on garbage that I sized up on, and didnt cut fast enough. 

Things were moving well and I was on edge ready to go. Took a lot of trades, followed by a lot more, followed by more because I was now losing and wanted it back and saw all these moving names so clearly I must trade more. 

I while back I made a rule for myself. 3 losses and walk away for a while. I have to start doing it again. 


1. 3 losses, walk away for minimum 5 minutes. 

2. Cut losers fast. Scalps are off right away if ticks against me just a few times.

3. Ready entry rules before every possible trade.

4. Size appropriately to every trade.

      -Reversals 50$ risk per entry IF vshape and hold

      -Scalps 25$ per entry and no hold

      -Big picture ADDS ARE REMOVED ON SCALP BASIS

                    Do not hold adds that arent working. Makes for small loss into big loss.



Market itself looks ready to blow up higher. 


CELH

Market weak open, may have seen bottom, CELH holding prev hi with good buying, in big as it is 3star. 

Market dipping a bit more, internals reseting, maybe turn up time, still holding here. 

Just sideways on v low vol, still holding, will add if we do pop higher to core.

Market is just not seeing this turn yet. Straight lower to start this day. Still holding. No reaction yet. 

And then it did. Ton of slippage

PK

market again looked like it found bottom, PK slow vol pb to vwap and prev hi, held nice, pop up and in. No go again as market dumped lower. 

LUV

quick reversal also no go.


Market is disgusting right now. Internals whipping everywhere. Beatdowns been ripping higher though, might not get any big picture trades on today, doesnt seem like the day for it yet. Will have to wait for market to decide. 


JPM

originally big picture idea that i did take calls on, broke down hard straight lone, giving clear scalp setup at HTF level/zone.

Great start, then got caught in whipsaw in SPY. 


CELH

Dropped all day, coiled around old bo, clear scalp setup and entries with good tape. In and added.

Had potential, took too long though, market plummeted and took us with it. 


Scalped around a few things. Tiny wins. Nothing following through so grab and go. Quick pops/drops


Well today turned out to be eventful, yest uneventful. Market was a mess, no clear setups yet beatdowns blew up and then came right back down. Pretty gross action out here, not sure what to expect going forward.

Will work on weekly. 


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