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 rolled over and lost it. No stop no chance to get in, waiting

Mkt strong, WMT getting smacked, TGT kinda seeing weakness still under vwap. Just not quite good enough yet. MAs on HTF too far out, 1min is ok starting to coil under though. Cant force it, just isnt here yet. 

Did end up making a big flush lower, only after market did it though and we went strong from HOD to LOD no stop. Just not clean and clear enough. Fine with missing that.

1hr into day, market total chop fest. Just when you think its down, market rips internals make new highs.

I am nearly getting sucked into a lot of trades to the downside. This market is pretty unforgiving at the moment. Looks great for upside, then dump, then great downside, then rip. 

TUESDAY

Late to setup. Rushing. Gap up

FUTU had decent range build under vwap. Took break but no go

PLUG had great tight setup above vwap and D. Took break, market turned after and lost it.

RIVN was next later in day, market clearly strong and we reclaimed vwap and vprof. In and added momo on failed range breakdown that got bought. Then it tuened on a dime along with market and out all.

BA last scalp on the day, clearly strong and holding strong, tight range break higher as market turns up again with internal support. Maybe good runner from here, good strart

And I dont know what just happened if news or what, but shit just dumped on me, lost 50cents in several seconds and out. 

Bad day. 0/4 nothing was a great daily setup or great conditions with this gap and then choppy morning. Think I was just eager to trade and not let today be a nothing day.

 I think today was a day that I should have recognized I do not have A+ edge in, and should have let most things go, only waited for the clearest and the best and under the best conditions. 

WEDNESDAY

Big deciding day, will we reject MA coil or bust through, so far pmkt news being sold off, I have all longs planned. Will have to re dig for shorts if were weak.

Busy open

RIVN started with 2 tight inside candles just under vprof, took it long.

Struggled a while and saw repeat sell but ekpt getting bot up. 

I got screwed on getting in. Somehow offer at 1.8 and i get filled 1.95 through market order so F me.

Ended up making new HOD push but stuffed, all out breakeven.

MA also nice flag to open at vprof zone, took it long, better fills, but couldnt get anywhere exited normal loss

BA market seems to be making bottom pattern with internal help, BA coiled all day with great fail under vwap being bot up in and added 

But failed

I think im getting too eager to get in. Market is clearly not in favor of bulls at the moment, BA not at any significant level, just intraday chop im involved in in a weak market. This is not my edge. I am not being patient enough to let things go. Im getting FOMO of missing moves and not being ok letting it go until i get something that I know is what works best

Daily setups are there, but intraday i am settling for way less lately. 

THURSDAY

Weak

Had to search for more found TDOC

Clear build under vwap just above d level

Just refused to dump for me while market dumping. Cut momo as it ripped

DOCU gave me something later on as it lost vwap in and added 

stalled but held and broke lower added last bp lot

 but now market making bottom and MAs under price, and we are not dumping again 

but fakeout and docu started losing it

held whole # took 1st and then 2nd

FRIDAY

Gap up and clear sell off, clearly weak looking short

COIN great mini setup, took momo as it got most ext, pb for OG was dumb came all the way back to breakeven and had to cut it

Weakness everywhere, nothing given to me though. Waited for clean and clear never got it, have to let things go. Fine. 



I ventured away from my edge this week.Started taking B grade or less setups, things I shouldnt be looking at.

It also was just a tough week again to get things rolling. Gaps, news chop. Nothing easy at the moment.

But there were times it was and I failed to jump on it.

Just hard but still here day in and out.

Risk was known and fine this week, no issues there.

Circles back to quality over quantity. I need to be SUPER selective in this environment. Daily and intraday

I made a lot of progress in my new winners analysis post, seeing new themes already.

Just need to keep grinding. When I see it swing hard.

This years goals was about making money and pushing. When its there and its my setup, swing hard.

Still tightening up some spaces in my trading but it is offense time. 

Trust myself. Trust the process, the work I have done. Trust I can do this. Trust I can swing hard and still be fine if I miss. 



Comments

Popular posts from this blog

Trading Plan

MTX

11/30 DRC