October 4th Week

  Focus this week is on trading adds correctly

    -Cutting adds on warning signs and no momentum

    -Letting adds run to take profits under correct conditions 

    -Cutting for loss asap if fails

Going into last week, main focus for my trading is around fear. I need to trust my process better and follow through with the plan. Let the trade be. Let the win run. If loss, cut it, move on, be ready for re entry. 

Market itself is quite over ext, going to be tough to see clean and clear breakouts happening. Going ot have to take it a bit slow and deal with less trades. Quality over quantity. 

Monday

Gap up a bit. Getting hard to see clear setups without chasing. Market needs a reset for me to have better setups. Mostly short setups today so well see what happens. Play it small no reasons to hold for any huge flushes. Buy the dip scenarios overall.

C got me good. In on reclaim and engulf of CA and HOD. Completely stuffed to new LOD in seconds. Out

Market curled and got weak, shorts are on, waiting for pullbacks.

Market just not giving it  to me. Pull in was weak, things did not get to vwap though. Tells me we are weak, but not giving good conditions or RR yet. 

W saw great reject at vwap, in and added 

Market same pattern, slow low vol pull up, waiting for turn lower. 

Had an excellent start, turned lower, but then ripped up cut momo adds, then shortly after rest of trade on break above vwap and range hi.

Turning into a BTD market right now it looks like. Internals ripping higher. Setups could be better, Going to have to wait for better PA. 

Market and names on watch getting UGLY PA. Just going to have to sit and deal with missing things. Need much better price action .

W close to re entry, cant build above vwap and HTF VA. Market LOOKING BETTTER THO, BUILDING ABOVE VWAPS

W getting very tight. Several inside on LTF. Market just doing nothing. Seems like we have hidden sell at 237 but at same time, cant drop a bid. 

Broke higher

CVS may be giving something. Overall market points up. 

Tueday

Market continues its rip. Only longs this time around. 

CHWY 1st at bell

Bit choppy, good tape tho reclaimed and added momo. Nothing in the way but seeing sell

Stuffed hard straight to LOD. Cut momo asap. Waiting for rest possible reset again

Return to vwap, seeing offer here again. Must get through or out. Market meh. 

And broke and moved higher. Stock is ugly for moment. Market is moving higher well. 

Made its break higher anyways

Took profits as it stalled out and returned back again. 

Quickly back to breakeven, cut rest. Ending small loss. Stock action is v choppy. Waiting. 

CHWY reset again, reclaimed vwap with vol and made nice range, failed move lower bot up. Clearly sell here but so is buying, odds look like buying wins. In and waiting for momo add. 

Got to top of range and broke in and added momo

SO far not great, nothing happening, just drifting, bids here stepping up but certainly no momentum 

Stalled for 2 min, made new attempt at recent high and busted along with market turning higher. Should run here. Looking at HOD to take off. 

Another 2min sideways stall, then attempt near HOD, market failed and dropped lower. Need to protect here. 

Cut momo off on pull in.

And then right away turned back up again and market exploded higher. New HOD. 

And then completely stuffed the move lower. What is this action. Cut the rest breakeven

And thats all today. BP gone. All spend on CHWY. All in all down $20 could be plenty worse. 

Serious miss on GE and FSLY. 

Tradestation is really hurting me at the open. I went for FSLY entry at bell and TS does not allow me to adjust orders at the open. Too much for it to handle I guess. I ended up cancelling it as I got filled on CHWY instead and decided to focus there.

FSLY took off right from the bell, had clear pmkt light vol, but trend just under D. Seconds before bell it broke and knew I needed to have order in ASAP. Did it, but no fill, looking back at recording, seemed unlikely anyways, but not impossible. Spread on open, of course, widened up. But there is still liquidity there, if I had been able to walk order up, which I always do, I would have gotten that fill in there somewhere and been able to capture that move.

There wasnt really a 2nd chance on this one, it stopped at vwap for a moment and took off again, but under significant Anch vwap, not going to take a long into that so fine with that miss. But wouldve had a runner from OG entry so would  have caught it. Wouldnt be a home run, but definitely a missed win. 

GE earnings play around a huge few month long consolidation. This should have taken priority. Gap up pmkt, but then lost it back under D trigger, then towards open, built right under it at 106 super clean and clear range break at bell. That was clearly my in. Just because it trended lower pmkt doesnt mean that much. For the last 15min it had tried to break the D trigger again. Was a monster win missed. Clear easy trigger. 2nd add not really ther, would have wanted to see more build around vwap. 

EV stocks FSR and LCID did not make it clean and easy. FSR probably the closest. Built under vwap and D trigger for several minutes. Blind breakout entry and it took off. LCID the other name I was watching had failed and lost vwap. Trade just wasnt there for me. LCID another rip from under vwap to never return and let that go too. Not easy. 

CHWY ended up exploding much higher after 1 final vwap test. Took off never looked back 

I think my biggest issue today is ignoring GE. All other trades I let go, fine, but GE at the open should have been the focus. 

Another thought on CHWY, CHWY is a day 2 breakout trade after a massive candle yesterday. There has to be time allowed for some HTF MAs to catch up. Its unlikely that a name like that after the action it just saw, is just going to rip right from the start. I think if I kept that in mind 

Wednesday

Terrible awful night of sleep. But here we are. All shorts 1 long. market seems tired obv. 

PDD first to trigger. Pmkt action weak, regained, then lost at bell in and added

Cut momo for L. Waiting for reset or rest, and cut rest on Hod break. 

BIGC gave me something later on, made range around prev VA ad above vwap. Broke lower and in. Market is strong still, not weak. This is short. This is also not a BO trade, but a continuation. Time has passed tho so we are good on that. 

Several minutes, still coiling. Market still ripping higher. Waiting to add or cut it. Risk is not as large as I thought so can be bigger

And we broke lower.  Added. Added more as market turned and dropped hard. Tape picked up as well. BP done here so whatever happen, happens. Waiting for LOD break 

Not exactly a momo name, but tape and vol did pick up dropping into LOD here. And broke it. Other names on watch also dropping and losing it. Feels like it might hit BO point conditions are right for it. 

And in 2 candles and not even an 1/8 of the volume, its back at vwap

Market clearly getting weak. Holding and waiting for bigger sell. Seems likely. 

Coiling above LOD again, market internals getting weaker, Market coiling near LOD as well. 

Huge offfer just came in at LOD again, need to take off if we break, we did not break previously. 

Q ripped higher, they bot and broke offer higher. Took off half. Seemed like hidden refresh buy or something

broke lower anyways. But no follow through, Q kept ripping higher and offers evaporated, cut another on 1min reclaim higher. Letting small size go to ride 20.  Seems like buying down here.

On HTF like 1hr and 30, 20ma not close to PA at all. Maybe still needed more time to expect bigger move. When I do zoom in on others and notice that, the 30/1hhr have tight MAs right on top or under PA. Making the RR tighter for others as well. That was not the case here. 

Eventually made it to BO level and snapped lower. Snapped right back up though and market continued higher. All out. 

Thursday

Market slightly up. Small watchlist today

DIS triggered and I went for momo adds, but ignored I wrote it needed time, and ignored fact its above vwap. Too much risk I shouldnt have gone for any adds given were above vwap its lower on rank and wrote it needed time. 

Being in this trade was fine, but no reason to add above vwap like that. Just reasons to buy dip. 

It did reset, coiling above vwap still but seeing good rejection. Variables are nothing special. Market turned higher trending up, Not going to chase a breakdown, will wait for break and pullback

For a moment there was a solid change in character, held under vwap a few minutes and got tight, was ready for re entry there. Popped above and MAs may reject still waiting. 

Coiling tight still. Failed another breakdown under vwap, market steadily going sideways getting super tight. There can still be a short here, waiting to see it. 

Popped higher. 

Friday

Final trading day of the month here. Honestly ready top just get it over with. I have work to do on the monthly. Lots of better preparation and planning to go through. Making me a better trader everyday.

Market gapping down a bit. Had a couple big earnings AMZN AAPL, market still wants to digets this whole major earnings week + option exp day + last of month. Should be an unclean chopfest BUT. I will be there to take my trades regardless

GME at bell, failed,

BEEM 5min in, waiting for momo add if there.

And lost it promptly and LOD out. 

Chasers market. Things making half ATR move into the trigger, and then running its other half. Not my edge. Not chasing. Waiting on retests. 

Looking closer at GME, this is not a good trade to take. This is taken right into a VPOC and thicker VA, not the top edge, but into it. Not what I want to be taking. I got too focused on TL breaks and ignored that aspect. Should have been an avoid. 

All in all this week told me I am not ready to trade consistently again yet. I caught good winners earlier on in the month, this week told me I need to find a process to eliminate even looking at stocks not worth it, and to focus on the ones that are. 

Going to spend rest of weekend on monthly. Find my lane. Stay in my lane. 

PROBLEMS

-Treating all D setups like breakouts. Some are pullbacks. Some are Day 2 breakouts after it already made a big move. Some are into the breakout. Some are at the breakout. 

    -I have to manage my expectations around these different scenarios. A pullback trade is not going to act like a breakout trade. I have to allow price action to develop and manage expectations around momo adds better. With breakout trades, those are the trades I get in, and add asap expecting them to....... break out. With other scenarios like a pullback, or day 2 trade, those names I have to allow price action to better develop as some HTF MAs like to catch up before it makes its move. It is unlikely a 2nd day breakout trade is just going to explode right from the open. Why? Because HTF traders want the dip. They dont chase. The breakout already happened. They either got it, or they missed it. They want the better RR to form and show itself. They do not chase. I am chasing. CHWY needed time to make a better setup. I did not need to trade large expecting momo bursts. I should have saved BP specifically on that name for a better, cleaner Price Action setup around a vwap test, after it had reclaimed vwap. 

-Getting caught looking at Levels, not seeing overall view of stock.

    -Missing forest for trees. Some stocks deserve more attention that others. Some setups deserve less risk than others. Some setups I need to trade at the bell, others I need to wait for better PA to develop. 

-Earnings week

    -I guess I can give some choppy PA some slack due to major earnings week. Just means focus needs to be on best quality setups everyday. Not settling for less. 

SOLUTIONS

-Develop better system (Again) To label Daily Setups.

    -Its that time again. I have a clearer picture again of what it is im doing, and need to do. 

Going to focus rest of effort on monthly