Jan 4th Week
SO Henry decided to come a month early.
Monday
So over ext. 4 names. Unlikely ill get something clean and clear with tight spreads so patience is a must. No bell trades
MAR had great look 25 min into day. Theme help and market. Got under vwap tighht with clear trapped buyers, just couldnt go for me though. Cut fast and tiny loser. Great trade with great RR.
Ended up reclaiming lower vand held, didnt give me retest though and couldnt find good way back in. Made new LOD but spread also widened. Needed to be exactly what I wanted and just didnt get it. Fine.
Tuesday
Market a total mess. Going to probably take rest of week for dust to settle. Not much clean and clear, certainly no reason to size on anything. Just a few names on watch. Market trying to pull up it seems.
Friday
Weak but rebounding pmkt, things a bit overext, well see if I get something.
WYNN got me good, had clear weakness under vwap. But ultimately above levels, market clearly weak but WYNN overall did not follow it so rel strength. Tape vol and candles in great spot I had to take it. But it was above my levels still
entered thinking it could drop it after and start following market.
Had a nice start, but slowly failed to drop more and spiked up fairly fast. Cut momo then og.
But rejected vwap again and reset again so took it again with bigger size. And again no go. Fat L.
Had enough bp for one more, AGAIN rejected higher above vwap and we had market downturn and nice flush to start. In but no bp to add so waiting.
Ping ponging back and forth. Keeps testing range low and popping but still seeing sell.
Fianlly broke it as market again tunring breakin lower. Needs to go or cautious of trap and take small win.
Reclaimed as market also popped higher and fiale lower. Bailed and soon as out, dropped and lost it.
2 trades on TXN and BIDU near bell I didnt take. Massive wins.
Settled for less on WYNN. Clearly not under my levels, nor high vol, rvol, and rel strength. Just not worth trading it trying to guess when itll break. Best trades are at levels or have already broken.
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