September 1st Week Journal

 Long weekend, things maybe slow to start back up again. Things looking good though, have 4 swings I held over weekend, big ones NTLA and KNBE.

Open is weak, seeing some sell in some names. KNBE a shame, gapped up 3%, now down 3% not at cut level yet

Flat put not a great open. Market weak and straight sells and failures across watchlist.

TGH strong vol breakout added to swing

GFL slow pullin, seems fine still

NTLA nice grind higher and hold, no real warning signs here other than market and etfs. Industry stocks may be issue though.

    -Thinking I need to be protective on this one. Im decently big for a widespread name and market weakness. Ill give it vwap to cut more size

KNBE bad. Not at cut level yet but serious sell and fail to reclaim. 1.7ATR move lower. reasons to bounce?

NTLA made clear range under vwap and bailed most for breakeven. Bad look, bad market, bad etfs and mainly bad action. 1 left of 5 will let go to original cut

NTLA totally collapsed past cut level. Waited on pb to get out last 

Market doing ok job at recovering. My swings basing out around or above cut levels so we seem ok to keep the hold on. 

TGH a little sad, slowly giving it all back.

GFL nice curl back up

KNBE same

GFL gave it all up towards end of day and I bailed out all

TGH KNBE did ok enough to hold on, barely. 

Tuesday

market looking more ready for pul in, i have more shorts than longs im watching for

open was super weak, market straight selll off, im in 3 shorts at the open, and ofc they are all ripping while market dumping.

NOC crushed me, ripped 4 points after trigger

DELL had nice flush tech is weak, looking to add with pb its doing if can hold lower

CRSP triggerd and ripped, but seeing good sell at prior levels, added on vol flush lower

DELL didnt hold pb, ripped to hod and bailed

CRSP came lower hit d and vwap and ripped straight new hod.

DELL actually turned and lost it market throwing me around today. Nothing clear 

DELL retrace to vwap and d level and turned lower, back in. ANd added with momo lower. Market still weak 

DELL nice push lower, not huge vol but is moving. Made break into d bo level. Waiting

Slow push into LOD, market clearly helping, volume slowly increasing. Might be one of those, slowly then suddenly ones. If 95 loss, looks awful. 95.50 now

Didnt break but pulling up, cant be shaken out yet, things look great for more downside, just gotta wait

Market pulling up, DELL starting to as well. 

DELL super slow up into vwap and D level. Might have add chance, internals getting weaker, market pull up may be done soon.

RVOL and option vol good here.

Stuffed lower quick, added some. And again, added again. Market no turn lower yet.

Right to LOD, will need to take some off. And theres the market turn. Turned hard. 

Tape acting weird, clearly showing aggro sell push lower, but cannot make a move lower. Took some off. Cant seem to make that big flush im looking for. 

Sloooowly drifitng lower. Feels like just waiting to capitulate. 95 next spot to take off. No reason for this to be loser anymore. Market choppy. Cant make up its mind one way or the other. 

Still drifting, 10 cents out, market also turned and now ugly. Will take more off soon either way 

Market capitulating. Perfect time for dell to have a serious move here. Excellent time conditions and location. 

And finally broke lower. Only 70% ATR today. .60more cents for that. 

Took majority off on new 1min hi. Market still trending lower aggro. Will take 2 of 3 off on 9/20 loss.

I see no more levels/areas for this to stop until maybe 94.30 more likely 94 and 93.80

But regardless turned up with market anyways and covered. Will hold 1 for possible reset later in day. Market super strong lately, no reason to believe this is anything other than profit taking and a simple buy the dip scenario. Been needing this for a while regardless. Will be nice to check list for rel strength stocks, 

CRSP ended up being a nice short again as it reclaimed vwap and levels lower. It even gave me retest but I did not go for it. 

DELL eventually made new LOD into 1ATR move, popped up I took it off. Maybe towards close get in to hold for swing? Market has recovered well. Maybe just call it a day trade and move on

Wednesday

Market pulled in pretty good, nothing I have is super special, no reason to step on the gas

Got in TXN and CRUS BO and PB trades but both swings, neither day trades. Its a set it and forget it kind of day. 

TXN held vwap for a moment, then collapsed, rules are bail on LOD hold  under

    -trying to recover, cant get above vwap but at good VA hold areas 

    -Market dropped, TXN got above vwap but lost it and down to near LOD again, swing so must deal. 

    -reclaiming again, keeps wanting higher it seems, wedged under vwap still. No reason to bail yet. 

CRUS made  nice hold around levels and vwap, turned up and I added. 

    -Drift to HOD

    -Rel strength, just keeps grinding higher

    -Closed higher held vwap, will hold with rel strength. 

DLPN built under trigger 45min, made move higher with big vol kick. in. 

    -high vol hold above levels

    -Didnt recover well, market got continually weaker, couldnt hold, cut for loss

Internals very strong today, definitely buying this dip.

Until it dropped hard. Building under, maybe more downside to come. Seems like only a problem with TXN

 Friday

Market pulling, weak all day, still plenty of long setups. Gapping up to start the day, some things gonna run without me. 

VXRT

    -Triggered and in and added. BO daytrade. Spread a bit funky, low $ stock

    -Pulling in under vwap to retest bo levels. Not great look but overall fine. 

    -Consildating nicely, might get good add chance

    -Built under vwap and broke lower into levels. Bailed on it as no reclaim. 

CRUS

    -Nice move at open, still holding for bigger bo

    -Super low vol, just coiling above waiting for more

    -Repeat of yesterday, holding up very well as market drifts lower

    -Still building sideways around vwap. News came out in market and we held fine. Will be out of this trade if we break lower. 

    -Made move to new HOD, took one. Market weak, no reason to hold and hope it keeps running. Dont overstay my welcome. 

SM
    -Energy name, trigger at open, pulled into level held well and added on turn up with vol. Swing

    -To LOD with vol, waiting to see if need to get out

    -Failed and out

LI

    -Daytradable but only swing location on daily pullback. Better day trades will come if if this swing works out. Triggered and ran hard to start

    -Straight to bo level, tough to not take but its a swing, must hold for bigger move still. only 64ATR

    -Blowing up another push to bigger bo, waiting for ATR or BO to take off. BO comes first. Will re add on pb. 

    -Monster sized offer appear and reappear, seems to be fake though. Good sign.

    -Pulling into vwap and a bit under, might be problem. Market refuses to pull up may have to cut for smaller win. 

    -Market made another LOD run, LI lost vwap lower and looks like it wants lower again. Sad. WIll get in if looks better later. 

DDD

    -nice trigger after build under for morning. 

    -And straight back to lod 

    -Broke lod, bailed. Big failure on D

FUBO

    -buying dip, saw on tape huge buys coming in as market capitulating. Market cant go lower forever, FUBO had real nice TL break with vol, retraces to it and vwap. In on pb. Stop can be tight. 

    -Ripped up again with big vol and great tape. Added. 

    -Market absolutely weak, but internals showing good bottoming signs now. FUBO rel strength.

    -News hit the tape I think, at an overextended LOD and dropped it even more. Held through and FUBO ripped new HOD. Markets did too. 

    -Hit TL and VA point around 30. Is blast off point as well. 

    -Huge vol flood, small tight candles. I covered half on loss of 30. 

    -Made big bo break, took partial 1 left. 

    -Sell into close was relentless. Waiting for any small pb to get out rest

Not a bad week. Slow. Expected it to be slow. Got slow results. Really nothing super significant, nothing worth sizing up on, Didnt get any A+ setups or conditions. So not much going on tot talk about.

Ending week slightly positive. 

Trade review

Several more than -1R trades on swings. Did not account for as much risk as I thought I should. Size wise, was fine.

Have an issue overstaying my welcome still. I keep losing a lot to holding through pullbacks. I believe a simple fix, is after my PT is hit, take my partial, then if I have any size left. Continue taking partials off on each new HOD break. Im very lucky if im capturing 50% of my MFE. Lately ive only been taking around 30% to 40%

Given that my swings arent performing near as well as my daytrades, I need to stop looking to hold them for as long as possible, because that method flat out is not working for me.

Risk, stops are fine and will remain the same with conditions around them. But takign profits needs to be more aggressive. 

Selection wasnt terrible, but certainly seeing less A grades setups out there. Market seems tired clearly and we are well overdue for a much larger pullback and consolidation. Im seriously thinking a years worth of choppy markets are needed to reset the cycle. 

DELL was best trade of the week. A short. And I got size on, but not as much as I could have. I shyed away from the trigger when it came in for excellent vwap retest + failed pop above into HTF levels. I was at 10 and only bumped it to 14. Couldve honestly put another 20 on and risk still would have been controlled well, not oversized. 

Made a mistake on it though and took off early, didnt wait for proper signal to cover some and shot myself in the foot. Either way it was the trade that made me green on the week, just not enough. 

Overall, fine week. Didnt overtrade, had a day I didnt take a single trade and thats good. Market getting weak, might be time for flush. Either way Ill be ready to adapt.