11/24 DRC

 Another odd one. SPY and other names gapping up pretty big here. DIA IWM following, but the QQQs and FANG names are not seeing any strength at all. Not really sure what to make of it. Maybe FANG become laggards to catch up later? Maybe were having a fake breakout higher to ATHs that'll fail horribly. 

Seeing a lot of gappers lately especially today all Acquisition companies. Not sure what to make of that either, maybe the new hot industry. My calls are happy on my swing trades though. Not swinging any FANG names, until they act strong, not interested in being long them.

For day trades, got some good setups. Most already leaving the breakout zone, will hopefully get some pullbacks along with SPY. Just not too deep of a pb. Might be a day where I dont really catch anything good unless it really starts to coil above these zone.

My issues yesterday were speed. Didnt do math fast enough to calc risk + size. Little slow to exit some positions. Just slow. Should be better today though as im getting back into the swing of things. I think a big thing is to not try and do too much all at once. Only 8 names on the list, not a lot, 2 gapping down among all this, 5 gapping above bo zone, and 1 not with market gap. So iunno. Might be a scalp city kinda day. Let the market come to me. Chasing always ends up poorly. 

SPY NFLX NVAX EXPI JPM SPR CNK CVAC 


LUMN

Market spicy hot. LUMN solid reversal setup

Added as we dropped, other reversal names also dropping. 

Slow though, cant quite get the elevator drop I want, came into TL and broke big offer that followed and all out. Small W. 


EXPI

coiled around bo/prev hi all morning, failed a triangle breakdown under vwap, looking or long if it can break above triangle and vwap and HTF zone here.

Break was good and in and added. No 3rd add though, too spready RR left me quick.

Made push higher to PT for add, on very low slow volume. Might be stuck with a pb here but dont want to give this back. Market is helping.

There is nice bid here at 52 but im not thrilled with this break. Took all off expecting this to return to htf zone and bo point for re entry. 

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

Well market blasting off still, not seeing any reaction from EXPI, not dropping but didnt edge out a new mini high. Still waiting on pb, wont chase. Vol and tape not here, neither is correlation. 

The PB never came, drifted higher to new HOD. Pissed. 

NKLA

reversal, fast and speedy, escaped small L. Couldnt go. 

X

Tiny scalp win reversal. Clear tape. 



Calling it a day. Pretty strong day. SPY still moving straight higher no pullbacks. Impressive moves out there. 

No real big picture trades came into play. EXPI a bit disappointing I never got that pb to reset the trade but did lock a decent win in. The move higher was on such low volume and because of how quick we got there, and how we were seeing real correlation with SPY and QQQ ripping higher, I didnt want to give that back expecting a decent flush back to the HTF zone or TL. Didnt happen but I dont think I would change what I did. 

Reversals and scalps all over too, overall scratch on those. 


Reviewed tape on EXPI. I think I made a mistake getting all out there. The adds profit target was hit. Fine. All out there. But my core still had a ways to go. Overall the big picture is market is ripping higher, EXPI failed a few breakdowns lower and had just seen a volume spike. Although small spike, its still a spike reclaiming levels. Big picture these are reasons to hold.

Small picture yeah it wasnt the best break higher to reclaim but again small picture is based on my adds not my core. The core should have stayed on. 




What did you do really well?

-Took trades that made sense. Avoided all else. Waited. 

What specifically could you improve?

-Get back in. I expected EXPI to drop quick back to htf zone, when it didnt, thats a sign I may be wrong about that scenario. I can get back in with my core as it reclaimed 52 with good tape 

What have you learned today to bring tomorrow?

-When I exit the position expecting a deeper pullback to reset trade, the trade may not be over right then and there. The Core is a big picture idea. Need to hold through pullbacks. 

How will you implement your learning tomorrow?

-After each exit, I can look to get back in if necessary. The core remains on until big picture is broken. 

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