April 1st Week
MONDAY
BACK at it again ready to roll. Great new imrpoved methods, ready for action.
Big goal this week is to judge my intraday score ahead of time to be sure im meeting the 7+ criteria
Because im limiting my watchlist much more now, im watching much less as well. Today ive only got 3 on watch.
So it is important to anticipate and judge the trade before it happens. Knowing that each stock already meets certain criteria.
Market pulled in from big run up. Not expecting much today overall. Maybe drift lower still to find S, or rip it back up from here.
TUESDAY
Few on list again. Market really turning up from names in these big bottom stocks. Lots of good things out there
Not many on list again. Could be around 8, but cut them off as they didnt meet the score. Its why I did it, its part of it to focus on best scoring names.
NVAX showed good rel weakness all morning, great setup and as Q was turning lower
Failed look above vwap and stuffed, in and added. GOt to LOD and stalled
Made the LOD break but saw buying took 1st, then shortly after 2nd after pop higher.
Sector, industry, market absolutely not helping the trade here. They are all ripping, but clear setup at levels and rel weaknesss led to take the trade im fine with that.
It did meet criteria for entry as well.
Took last on next flush lower with pop higher above whole number.
Eventually went way lower. Market broke lower from FED and it really picked up
There was a re entry point on vwap retest after I was all out, another failed test above stuff lower. At that point market was way strong and did not seem right after failing 1st time. I wanted time to pass but then we got news and it never looked back
WEDNESDAY
Market pulled in, seems like we may want more lower for moment after that big run. Looking at more shorts, shorting the already weak ones.
Big gap lower breaking everything for me. Probably a nothing day.
THURSDAY
Market looking a little shaky. Sentiment points lower still. Looks like we might get more as some pmkt news also hitting.
Not looking like ill have anything at the bell so I will be waiitng. Which is good, coming back into trading after a couple weeks off I need the screen time. Watching trades develop is something to help practic patience.
I have my intraday rules. I dont take a trade unless it meets those rules.
Waited 15min for ea showing rel weakness. Finaly snapped when SPY and Q snapped lower. In and added, straight to new LOD. Slow name, going to take a min.
Just like I said pmkt Ill have to wait and watch action, watched EA saw 0 tape cues, until that market break, then tape cues came in.
Headed to whole number with some bids down here, getting pretty too far too fast. Whole # is PT will take if break.
Got my break. saw the buyers step in afterwards. Market also snapped higher.Took both momo off. Name can rip on me so easy. Too slow and thing, happy to take. OG left to ride.
Didnt last. SPY reclaimed vwap and ripped, option headed to break even and i cut it.
Son screaming at me did not help either.
I did follow rules on exit. Re entry howver was there too but away from desk and no bp. Fine, nailed the 1st trade.
FRIDAY
Markket can tseem to catch a bid, big movews lower premarket, names not clean and easy. Stuck waiting again.
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