11/25 DRC

 The bull run continues. Looking like ATH are near to us. A good amount on the watchlist today as things are starting to rotate, EV names selling off a bit, new setups becoming clear and look ready to follow up on the SPY break.

Yesterday was a fairly slow day. Didnt have much going on. My mistake was not holding my core long enough given big picture circumstances. I got a little too scared and took off whole size, rather than take my partial and let it ride. Big picture idea remains unless structure is broken. Not just getting out cause I feel like I should. 

Its the day before thanksgiving so goals are to take it slow. No need to force anything, let it all come to me. 

NCLH CAKE

GOOG MAXR PPD NVAX EXPE LYV KTB GOGO AZEK CVAC LMND


LMND

Solid strong open, failed a HOD break and retraced back to prev hi, made range breakdown very slow and low vol. Got in on super light vol, couldnt find the buying though stopped. Fucked on exit. 

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Much later in day, we had our short squeeze to get back above vwap and levels. SPY and market still weka overall under vwap so tough day to see strength but we are seeing some here. Nice TL with vwap with HTF level for buy.


NCLH

Coiled around vwap and prev hi, saw good tape in and added. Couldn't go though decent loss as its my big size up one on the day.

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Re entry happened quick though as it reclaimed and took off for HOD. Other cruise the same. 

Didnt get there, took off adds as it came back on me. leaving core to run. 

And turned right back around and made new HOD. Looking at 23.05 for HTF bo. And we got it. 

Break was big, and collapsed on me waiting on new 1min lo. Lost 20cents stupid. Holding majority still though. 

Lost entire break, back to prev hod range and vwap. Screwed have to wait. 

Lost it all exiting small win. 

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Trade reset at vwap and other htf bo level. Saw slow vol so another chance to reset. 

In and added as we ticked up. Adds didnt go then market dumped and we followed all out. 

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Later in afternoon reset again. Making big triangle. Tested lower tl above vwap at HTF bo level, market on breaking point but seeing good cues here for long. 

In and added, SPY also at TL and not breaking lower yet. Other cruise maybe basing lower ready for move higher. Tough spot but clear.

SPY ripping higher, NCLH following as are other cruise into TOP tl, very tight here, vol cues not quit here but we look great for follow through. Stop tightened. 

Couldnt do it for me all out. SPY also failed to recover well and pop in other cruise rolled over. 

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Not breaking down, SPY again getting choppy here, made a move lower engulfed higher, NCLH still holding above HTF, re entry is here but need to see breakdown get bought up for back in. HTF not tested in a while. Vol cues not here yet either MAs starting to coil above. 


Calling it a day. I only hurt myself today. No one else but me. Missed a trade on NVAX and LMND sucks. NCLH the killer. Took a L to start it, re entered as I should but then was gun shy. Didnt take same size, and, cut the adds off too short when I should not have. Too worried about a loss, not about following my rules.




What did you do really well?

-Re entered a trade as it set right back up after 1st exit and L. Didnt take trades that I shouldnt have. A few cases I was debating and debating more NCLH trades, and didnt take them because it just wasnt good enough yet. Didnt meet entry criteria. And was good as it would have been more losses. I waited for it to reset and reclaim, and it did, but never gave me a re entry and that is fine. 

What specifically could you improve?

-I need to be faster and more aware at calculating where I need to get out. I have my trade management rules in front of me, but it does no good if I cant do the math fast enough and correctly, to know where I need to bail. I have to give it the correct space. Not just getting out to get out and prevent a loss, if it hasnt gone enough in my favor

-Cant forget to stop sacrificing dollars for penny's. LMND gave me a solid setup, but it left my price I wanted in at too fast. I could hit the market and dealt with the lower RR, looking to add more size back where I wanted. Instead I let it go. Gave up a 3 point move because I didnt get my extra .25 cents. NVAX I was not paying enough attention to the market at the time that it actually did give me the signal I needed. SPY just got done selling off hard, but bounced higher even harder. And in the middle of the bounce NVAX was strong and holding strong right at HTF bo level, and I skipped it because I thought i would be fighting market conditions. RVOL, Relative strength, and volume were key to recognize its ok to take the long there. 

What have you learned today, to bring to tomorrow?

-Risk has to be consistent at all times. If it is my big setup on the day, I size up, take a big L. Doesnt matter. If it sets up again, I have to take the same risk again. 

-Getting in the big picture trade, is more important than getting the best possible RR entry. 

How will you implement your learning next trading sesh?

I will do a better job at calc my risk on the fly. I have to do it, if I dont then I do not trade properly, and trading properly is the ultimate goal. 







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