October 1st week
Monday
Ended the month distracted, starting this one distracted already. Might have ot leave desk early well see.
Market gapping down but holding it trending up. Maybe failing. Dont have much on the list at all today.
Did not trade today. Had to leave.
Tuesday
Market looking awful. Mainly shorts. Should be a good learning day. Gap down may ruin things but we shall see. Some names had a ways to go to trigger anyways.
Gapping up a bit.
MU weak open, above vwap and zone, failed rejected lower and in. TS screwing me cant add.
Random fill. Not sure whats going on. MOMO add, kept dipping lower but couldn't stick it., Cut MOMO for small gain. Market not weak yet.
Dipped to LOD anyways after I got out. Tape just wasnt there. Guess I didnt get a good read.
LOD break nothing special still. Market not helping. Still seeing buying on the tape, big vol candles, small price candles. Seems like its being bought. Took another half.
RTX in and added. TS froze on me.
Drifted to HOD, decent vol, looks like being sold. Waiting.
New HOD break. Will take if fails. Market somewhat helping.
Made low vol push. Saw sell come in and slow it down. Took MOMO off.
I am emotional today. Fear is real. Need to make sure I mark in stats.
MU drifting around. Might be resetting for another push lower.
RTX hit D bo level. Will take off again. And hi next BO before sell. All out.
MU losing it. Missed huge add chance.
MU made solid move down, took rest off on 1min break higher.
Emotions were problem today. Only had an hour to trade, again distractions. And TS freezing on me did not help at all.
Fear was issue. I know I want to cut momo adds with no momo, but perhaps I was too eager/willing to take that tiny win off. Both clearly went in favor after I cut them and I missed out on double the gains I could have gotten.
I think a super simple fix is to cut on 1min candle basis or unless clear opposing tape action is present.
Wed
Once again, distraction. Have to leave desk before bell 40minutes away, drop off wife, 40 min drive back. Hoping I can be at desk fully prepared right at the bell. All prep work done night before.
Got to desk a couple mins after bell. Computer froze had to restart everything. Doesnt matter didnt have any trades anyways luckily.
PENN market weak rolled over hard. PENN lost vwap and trading around d level. Returned to vwap on low vol. Cant see the clear trade yet. Waiting for better action. Saw more buys than sells.
Thursday.
No distraction. Im ready for a distraction free trading day. Lets hope.
Market gapping up good. Ruining some long setups. Overall market looking much stronger, ready for bigger pull ups. Some great long names out there.
PANW triggered to start. Need to remove this from DT list. Widespread way too much. Cant really to day trade it. Took off after big run up and momo slowed.
SPWR triggered, held, added with momo. waiting
Got real tight above vwap and HTF zone, added with pop higher. Good tape.
Push to HOD, great vol. Industry help. A+ tape. Cant get through though with huge buys.
Made the break but buying quickly slowed. Took with momentum lower.
Seems like hidden refresh sell, lots of good buys but not getting anywhere.
Until it does, another pop higher, will cut more on 1min retrace.
Pullback was hard and fast. Back at breakeven, will be out if lost.
And did lose it out all.
SPWR was a bit odd because it did have premarket action above the levels. It lost them all at the open and then reclaimed so there is a bit of action against me going into the bell. Not ideally what you want to see so best to scalp it quick and not give it back. Small Win
C
Coiled all day, seeing great buy cues, dipped into TL and D level from above, saw buy in on 1min reclaim. Market strong and helping.
Chopped around a bit, great tape buys still, clear industry helped, reclaimed and added again. Will wait for action above vwap to see if momo adds here.
Stuck under vwpa and top TL. WS, need to cut in half if fails. Clear spot to rip if we get above if doesnt, problem. Industry and market absolutely helping big here.
Just cant do it, cut majority for small win. Absolutely has everything it needed, and great location.
Held some for pb back to TLs and MAs and HTF level, clear tight S here and reasons to hold on still. But just kept dipping, bailed on more momo lower.
Kind of a weird trading morning. Nothing super clean but good interactions good market good tape. Just ugly intraday PA. Maybe things reset I can get another trade in.
Friday
Distracted. Market opening sideways. All longs again, some good recovery out there. Taking it slow and easy just like everyday this week. Things to do just an hour into the day so ill take what I can get. No need to force anything. One and done is fine.
DLTR
Came into buy zone under vwap, saw good buys, turned upp with market in and added. TS freezing on me again
NOT a momo name so no momo adds, just adding to OG win. Risk same.
Came under vwpa again but still seeing buys. Market turned harshly lower. Might be trouble will bail on breakdown
Rel strength, did not drop.
Until it did. Out small L. May reset but need to see a pop higher first. Not enough things in my favor market condition wise to go for it under vwap again.
Market under vwap and weak looking, internals trend lower. All names on watch low rvol.
MTCH
Market faked another LOD breakdown, MTCH rel strength holding above levels and vwap. In on move away from it.
Made push under vwap, lost nothing else, will add if reclaim, market slowly getting stronger
And pushed up and added.
Dipped lower, again ripped and added. Into top TL this is go point.
Following market well, turned up hard again. Slow but should go still.
Back to test vwap, big vol spike came in. Gotta deal still.
Turned up again with market this time with vol added again. Risk can be tightened.
To top of range once more. Super tight on HTF candles.
Very clear buying on tape, just cant get through yet.
Just sitting watching. Market trying to turn higher again, internals now getting weaker. Still holding above vwap and TLs here. Waiting.
Hidden sell at 160. There is big OI level at 157.50 giving reason for more sell. Also a bit ext on D, but cant ignore clear PA cues here. Market and QQQ now dumping.
Got through sell, into top range now. Will take off on push into HOD / break of range high.
Vol increase again spread tightening. Reasons to hold still, juuuuuuuust waiting.
Internals and Q no longer helping. At top of range right now, cant seem to get past. Looks like I need to protect
MOMO slowed on break, low vol, less interest, Q no good either still dropping. Cut for small win. Leaving 1 to give more space if does turn up still. Not what I wanna see after all that.
And dumped back lower hard. Gave up a lot inching order lower
And thatll be it on the week. Small L day. Market drifting lower.
Only took 7 trades this week. And thats totally fine. Didnt force anything just let it be. Tried to remain calm and focused without focusing on distractions. It was good.
EXCELLENT job this week cutting trades quick when not doing what theyre supposed to do. On C DLTR and MTCH, I cut quick when were acting right, took profits and cut rest fast near breakeven as I watched them get worse. Day trades and scalps. In and out. No reason to hold if not going ot be A+ from the start.
EXCELLENT job reading market conditions around those trades as well.
PROBLEMS
-Cutting MOMO adds too fast. I recognized lack of immediate follow up, but perhaps still didnt give enough time? They both ran right after I cut on mini pb against me.
-Distractions. This week was HARD. Outside of trading. SO much going on next week SHOULD be more empty ill be able to focus on trading again without having to worry about leaving desk
-Too fearful on taking profits
SOLUTION
-Follow 1min hi/lo or big tape spot to use as stop for momo adds.
-Have to remember plan. Momo adds may be cut for stop on 1min basis/earlier but must remember context of trades + past history. These things can move, I still need to give them a chance to run and take profits correctly after breaks. Not just a tick or two against around profit target.
-Trust the process. Trust the numbers. Trade the probabilities
Really just not much to talk about this week. Didnt trade everyday, stayed maybe only an hour on the days I did. Let it be.
Focus on letting trades run still. Need to let the momo adds go still. If winners let it be, if loser cut asap.
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