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Showing posts from February, 2022

Feb 4th Week

Slow last week. Maybe more direction this week but focus needs to be on quality. MONDAY Small gap down thankfully giving me a chance still to maybe get in some names. Down is the side.  One of those days market didnt give me anytime to get in something. Pullback came, but once these stocks lost vwap I wanted a retest, never got it. Lost through HTF MAs like butter. Not my conditions.  TUESDAY Now big gap up ruining short setups. Not making it easy out here for me. Still gotta be super patient Super choppy morning. Having FOMO feelings. Still need to be super patient, when it shows up ill see it. But need to wait And distraction city. My own fault, couldve made the phone call later but missed CAT and SE Weak downtrending markets trade differently. They are fast and do not give you much time at all to get in where you want to get in. The key is still VWAP. When the stock reclaims vwap lower, I need my usual stall/pullback for at least 1 minute to watch the structure form, but af...

Feb 3rd week

 Market looking disgusting. Its a fear in me we want to revisit original coronavirus panic levels. But markets do tend to return to the scene of the crime often. Will be a great chance to buy dip. But who knows how long the recovery would take. Another 08? Another decade long depression? Inflation at ATH? Who knows. Maybe print more money. Either way, day by day, chart by chart.  MONDAY Death day. Disgusting looking charts ready for plunges. We shall see but my shorts already a bit over ext. Also Vday so a bit of distraction plus a bit of over ext, might just have to deal with no trades. Ill probably find something as soon as I have to leave.  TGT 1st to trigger, got a great flush and had momo. Market had a dip so helped a bit, but bought up and cut rest near breakeven.  Reset under vwap making mini range, Q and SPY up at hod or near. I am hesistant to get back in. Gut feel but I need a bit more time to pass. Feels over ext And it did rip above vwap, but slowly rolle...

Feb 2nd Week

 Still making a bottom it seems. This monday and Tuesday will be crucial in deciding if we want lower again.  MONDAY pmkt market up a bit, if we can start making moves higher we look great for more upside again.  1hr and half into day, were total chop with edge to downside atm. EXPE giving good theme with travel stocks strong and vwap reclaim with all mas under.  Clear market turn up in and added once. But failed and droppped cut momo and shortly after og. reset and reclaimed after now failed breakdown, market broke lower tho need to be cautious and not early TUESDAY Big day. failed hard at eod, might be pb for more lower. Have setups both ways, hard to judge edge here but bigger more important names are the better shorts TSLA at bell, triggered and ripped me. Big L. And again as it lost it and came backl to retest, saw reject at vwap in and added again but ripped me. Not patient enough. Needed to wait it out and let fcandles form for me. To eager to get in. Need to ...

Feb 1st Week

 MONDAY Market sitting at top of range premarket good and bad. Was expecting a gap up and not getting that yet. There isnt a failed break higher so hoping to see an explosive morning rip higher. If not looks like trouble.  Nothing TUESDAY Market ripped, looks like we can do more Took an hour but finally got something on ADBE. Market dropped and finally reclaimed vwpa and popped ADBE did same. As I got in, it stuffed and failed back under, but small og holding to see. Welp, fucking stupid. Out loss.  Bu tthen it reset with market actually helping. In and added momo as we got above 1hoour range higher. Should go now.  Just drifted up there and came back in, cut momo for loss Reset held vwap and turned up again with strong market added more momo. All Mas under price now with clear tape and curl, it is slow name but PA so clean and clear here.  So slow, up to whole number but nothing explosive. Feels like just waiting for stuff again.  And exactly what happened...