10/26 DRC

 Coming off an ok week. SPY gapping down pretty good, a lot more than expected and thats not a good thing. Lots of defense supporting 343 and now gapping under, Im thinking we buy this dip again and rip it back to above, but if we dont, theres going to be a lot of longs involved not happy. Short may be here. 

I had mainly a few longs planned, but with the gap well see what happens. See which names remain the strongest. Not really sure what to expect today but am expecting a good move some direction. 

Goals for this week are 

-Cut losers faster. Do not hold the adds to wait and see. They are not core positions. 

-90%+ Compliance. No excuses. Selection. Risk. Management. 

-Do better with walking away when I need to.

-Scalp more. Worked well, why not continue it. 

-Keep big picture in mind. Take the trade at the open if it is blasting through levels.


2Star SPY QQQ DKNG WW DXCM EMN EXPI RAD PK LYV MAR RRGB


AMD

big rip, nice reversal setup, quick scalp no go. 


DXCM

Clear rel strength and flag. Took break, very wide spread slow name. Might just scalp it and call it wait for better pb entry somewhere.

Markets were doing well for a moment moving higher, but reached good R and pulling off, Doing the same here. 

Retested hod, held, back up.

Losing TL from LOD. Seeing vol increase and market sideways. Will be out breakeven if it happens. 

Ripped back up and reclaimed. BO looks likely as long as market doesnt dump. 

And we dumped ofc. All out small win. 


HPQ

reversal scalp, clear entry 

Made the break on low vol, didnt see big buying, out early on pb. 

SPY

Dumped hard, scalp setup with reversal, no go, maybe another leg lower. 

BABA

Big drop still, saw vol spike higher and caught one, lost 1st time but 2nd got it back. Didnt get my add so still slightly negative. 


AMD

Market showing good signs of relief finally, AMD held sideways most of the time making nice top range. Want scalp breakout 

Got there and stalled, market moving higher. We just couldnt go. Made decent move, but came back on me all out small loss. 

SPY

tried SPY as well on a break, freak spike selling dropped us hard on me twice. Had to take loss bigger than wanted. Weird action. 





Kept it small today. No big picture, no clear reversals, just ugly stuff out there. Did what I could but market not giving me anything good to work with. 


RCL

Clear reversal setup, tape totally against me, dead big buys but no follow up, hidden refresh sell, took tiny win. 

JWN

great setup, got fucked. Gave me nice pop, and sudden 5cent drop back to breakeven. Very dumb. 


This is what a controlled red day looks like. Small losses, potential to make it all back on 1 day. Kept losers tight and did not get away from me. Took trades I needed to. Market just wasnt giving it to me today.


If I had to say I missed anything, it would be a SPY short. I told myself if we cant hold HOD and get back to 343 theres going to be a problem. The action was not clean at all up there so there was no clean entry for me to get so I waited, and the pb never came and I missed this whole down move. Once we lost vwap, that was the end. Tough to take. 

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