August 3rd Week

 Monday

    -Starting this day with things gapping down. I have a good number of shorts im looking at. I dont want to chase so ill need to be patient here and wait for something good. Market still at ATHs still reasons to buy the dip on anything. 

    -Very odd start to this week. The daytradable shorts I had all faked lower and reversed ripping new HOD. The slow swing only shorts I had straight lost there levels and continued the sell off. I can not find anything significant about daily charts that would tell me reasons this is happening (volume, VA, News, earnings, relative weakness, multi breaks). It seems to just be happening that way. Kinda sucks as im gonna miss some decent wins on the swing short side. But again im not comfortable chasing in this kind of environment. 

    -Ended up not doing a thing on shortside, definitely missed some decent moves. Wouldve had to chase and not comfortable with that. Market absolutely ripped after its opening dip. Never saw a drop lower to test vwap. Some names just did, others chopped. XEL name of my game and added into close. 

Tuesday

    -Starting with small gap lower, decent number of names on watch. XEL held overnight seems to be breakeven for now still. Majority longs now. Reasons to take trades at bell on breaks. Lots of failed moves lower. 

    -Open sold off right away, lots of names quite a ways away now from trigger. Expecting it to take a while to see if ill even trade something today

Wednesday

    -Not too much to watch for today. 

    -Longs seem to be only choice so far, had to chase ETSY to get in. Decided to just scalp it after BO. Reset lower as it appears it should. Market not strong and weak sell into open.

    -Mistake getting back in on ETSY. Blindly got in at vwap test, dropped much lower. Did add at bottom pattern + prev HOD + tape

    -Only mistake (so far) today was early entry on ETSY, and APP size. Im not too bitter about these, loss on APP decent but nothing huge. Just trades that didnt work. 


Went on Vacay Thursday/Friday


THINGS

-I exited XEL on clear rules and weakness. 

    -It did not sell off much more at all, in fact held my cut/bo line well

        -Lost VWAP

        -Clear Failed HOD break 

        -Clear breakdown

-Re entry?

    -Makes sense, It did hold my cut and bo line 

    -Did not reclaim vwap until close

    -Exit half?

    -Exit all, re enter?


-Need better 2nd day rules

    -Not necessary to cut all position


-Need to be more aware of what risk is on trades with short end of week exp dates. Took a bit too large of losses as I didnt anticipate how much it would be against me if wrong. 


SUMMARY

Super selective the 3 days I did trade. Market pulled in a bit so clearly not a lot going on so good on me for recognizing that and not chasing anything unnecessary. Took 7 trades, Lost $200 overall. Would be small positive but took a big PTON trade on vacation on Thursday, of course paid for it. 

Looking at screenshots these are good trades. Good entry, good cuts, take profits where I should. Just not too much going on to really tip the scales in my favor. 

Still seeing same case of big pops at open, giving it all back after the D breakout, so taking some off is a must. 

Fairly simple week, not much to review not much going on in the market. Looks like we had a very strong rebound so longs look to be back on on Monday.

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