March 1st Week

 MONDAY

Gap down but holding steady.

TTD was on the list, had strong pop at open and triggered but just straight chop for next 5 minutes. I exited as it kept hitting near HOD and fialed dropping under 84.

It reclaimed it and bounced from vwap and shot up near again and again failed and exited. 

Normal sized losses, shame didnt go, spent all my bp already so day is over.

Fine, need to focus on other things todya anyways. 

TUESDAY

Slgiht gap lower, watchlist thin

DWAC to start, huge rip to open, missed but held above and waited for vwap to get in, stalled and tested under, reclaimed vwpa and level and 93 added, but still no follow up, drifted lower and bailed. No momo so small L.

SNOW reset under vwap and market started dropping hard, in and added on move to lod. SPready.

Ripped me so hard, points in ticks. There is a point gap in the chart.

WEDNESDAY

Slight gap higher, overall market looks weak and not ready for more upside but we shall see

WMT and MRNA same pattern, in on move lower past LOD and added momo

WMT couldnt just go for me and cut momo for L.

MRNA nice drop and holding lower.

But failed to go more

Got ahead of myself again. Impatient not waiting for hpb setup. Saw good fail on 1min chart. Around HTF zone. Not enough. not at bell. Not with SPY and Q rising into open. Not with no pmkt action or vol on names. Not without level trigger.

These are impatient impulse trades.

MRNA was acceptable given close d trigger and it was at htf zone.

WMT had none of these variables

THURSDAY

.Gap up and ripping. These are the good conditions for trades at the bell

CVS triggered and in.

Im just pissing money away at this point. All my losses this week are withing the 1st 15 min of the day. I am chasing. Trigger or not, things are not working. it is not a breakout market. It is a chop market. It is not ideal conditions to chase every breakout in the morning without knowing direction of market. 

FRIDAY

Down gap and ugly rejection, looks bad

Not trading the bell, most names already broke level pmkt or AH. Need to wait and let it play out first. dont want to chase the gap. No pmkt action looks good enough to take new break. 

Doesnt seeem like ill get anything. Nothing quitw good enough but the theme of fear is here. Things moving without much upside test at all

This week was rough. Not a single win but plenty of trades. Nothing really going for me. 

M and T 5 trades all normal compliant losses

W I got too antsy to get a trade on at the bell and took a a bad one on WMT

Then R on CVS was a poor risk trade. Thought I was way tighter than it actually was 

All my trades this week were taken in the 1st 15 min. And looking at SPY and Q we are gapping and reclaiming and chopping and no clear direction. No reason to take lesser trades at the bell. No reason to take ANY trades at the bell when there is not a few things that I need

-Clear SPY Q direction pmkt

-Clear pmkt action and direction

-Level is triggered or very nearby if a few minutes in

-No trigger/very slight trigger pmkt

-No large move into trigger level >20% ATR

TTD A great setup flag at open. Out at bell on trigger, didnt run cut on mini breakdown. Held whole and vwap, reset flagged out, re entered and nothing. 

DWAC was too damn bad. Beautiful setup, didnt go. Didnt get more than 1 momo add small L.

    -Later reset and made great setup above vwap, tight range. Didnt take. missed. 

SNOW was rough. Gapped a point against me in a flash 

WMT my issue was trading it in the middle of trigger zones/levels. There wasnt an intraday setup here. 

MRNA was also great setup. Failed at HTF zone, reject lower lost vwap, lost LOD, in added, great tape. Broke D trigger and then stalled a few minutes and broke higher. 

    -later lost it hard, no chance back in though straight line cut through everything no stopping.

CVS a few things. It is a 100$ stock, but its still a bit slow mover. It made a big jump at bell into trigger level. A 25% ATR move, then I got in, then it topped at 36% ATR move in the 1st minute. That is a bit too much for me but I didnt notice this until now reviewing it.

Also my risk was widened. Spread was spreadier than I anticipated, and I did get an accidental add in there. I had 2 adds on when I meants only 1. It was HPB setup so I was ok with 2, but it didnt move enough to get that 2 on. Either way, took huge loss here as it stuffed me. 

I did not cut my adds off fast enough as it rejected the move.

So that is a theme im seeing this week as well. Im not cutting my adds fast enough.

Im getting into the habit of treating my adds the same stop as my og again and it hurts more than helps. Those adds are further out, larger size, larger risk. Different stop conditions. I treated SNOW and TTD the same too. I can be faster on the out but im getting greedy hoping holding.

Not ever. 

There is more direction going into next week. Down. Sentiment also points down. Charts clearly point down. Volume however does not. 

SO I have new limits on myself in what im allowing myself to trade at the bell. The big thing I think is conditions. Pmkt can get ugly nasty with no clear direction and I have got to be patient when it is like that. Wait for price action to play out. When I take those breakout trades early on, there is not enough gas behind it usually, because other traders are expecting it to either fail and they want to wait, or range players sell the break expecting it to fail and revert to mean. And im here trying to take the break to the uspide when SPY and Q are gapping lower into a range and not going anywhere.

Conditions must be perfect at the bell, and there must be clear price action or market direction at least 15min after the bell before I should take a trade.