Friday, August 9, 2019

AVGO for flat plus lessons

Setup: AVGO top on my volume mover screen. Trading above 4 day bear fin. Intraday spiraling at vwap. Market dropping.
Initial position (blue) short. Good entry. Good target. Wish I lowered stop more so I didn't lose on back half.
Second postion (purple). Market held support, this thing came above downtrend line. Went long. It got sooo close to my target. Reduced 1 on raised stop. Ate it on the second one, even though market is bouncing up. But, today's expiration and I'm not sticking around to wait for it.
Potential +20% day turned flat.
Ugh.
LEARN if mkt is down, upside targets need to be more conservative.
For fastest trades (ex: same day expiration) use 1 min trendline.



Thursday, August 8, 2019

big bounce

SPY $10 bounce in one and a half days. It got over the 50% fib, but this is pretty steep. I wish it would go to the moon (otm calls in IRA), but I also want it to sustain. 





REFLECTIONS

Today was first decent day this week for me.
Other days were very frustrating with losers a little bigger than I should, and yesterday's winner not big enough.

Lesson:
Take the small losers and don't get upset.
Take the small winners and don't get upset.
Most of all, keep using my method and the big winners will come.

AMD amazing uptrend +90%

I looooove this trade. It did exactly what it was supposed to do.
Watchlist stock, up 8% open. I waited.
Opening bar. Pause. Slight ndh, then it sold off. Familiar pattern lately. I passed.
Pullback tested day low. Hammered. Paused. I watched the level2 for an entry.
Initial stop half below the 3-min pause.
Total stop below day low. Looking to move that up quickly.
Market also strong uptrend in progress intraday.
Trailed/stairstepped stop during beautiful trend.
Half off at position p/l target. No regrets, bc it helped me stay calm during that 10:00 base
At price target, tight trailing stop that got me another tiny smidge. I like that technique.
Stop the last 2 on break of trendline that it was obeying.
Just beautiful textbook trade. BH!
Beautiful example of how a 1 min trend can really pay. Psychologically excellent trade.


Wednesday, August 7, 2019

AAPL puts +13.86%

Thought I had a good entry, but didn't follow through down. Got lucky on the ndh. It didn't make my target, but glad to get out on reduced stop. I'll take it.


Tuesday, August 6, 2019

INTC calls -19%

Going small today bc major market volitility.
INTC. What's my daily setup there?! Oversold bounce. Open above 60 min base.
I like how I waited. I like how I watched the option prices settle down. I like how I watched the level2 and volumes. I like my entry. I like my stop. I hate taking a loss.
I considered a short at 9:35.


Monday, August 5, 2019

SPY calls

Market has DUMPED for a few days. Big gap down today. Tried to get a bounce w SPY calls expiring today off the bottom hammer. Didn't reach even my first target. Out on raised stop for -13%


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