Friday, October 11, 2019

NVDA -20%, followed by lotto

Daily setup: gap and trade above resistance, postO
Entry/play: after it flushed and came back, based a few min, bought a surge.
Management: It immediately struggled. Initial stop below flush. Raised to below the few min "base" I bought. Stopped on a hammer, but then went down MUCH more. Mistake here was going too big after BABA beautiful winner. I almost sacrificed my day.
Psychology: Ok. Bummed to lose a lot of previous gainer. I went too big on this second trade after first win. Should have gone smaller to preserve more. Good move to raise stop. Friday, etc.

PS- after I stopped on hammer, I took lottos on next min above hammer, bc fomo. As of 10:30, not looking great.
Update, eod. Went to zero.





BABA +32% so fast

Daily setup: Gap and trade above W, postO
Entry/play: surge, 1 min pause, buy next high
Management: Initial stop below previous surge bar, but needed to move it up quickly. P/L hit quickly. Yanked a smidge when it stalled, stopped the rest.
Psychology: Good. Very good. Was a risky entry (Friday? Hello?) but BH it went ok.





Thursday, October 10, 2019

FB lotto stopped -$25 (dollars)

Daily setup: lotto for move above fin resistance, strong market
Entry/play: testing resistance, pullback and going again
Management: Lotto sizing, and usually I'd play it "double or nothing" but I got chicken about it and set a bracket and walked away. It stopped.
Psychology: Fine. Bummed I didn't win the lotto, but didn't get hurt on this trade nor my good week.



NFLX +12%

Daily setup: Strong opening move, then base. postO
Entry/play: 1 min move above base
Management: Market had surged and also basing. Market looking to move, this looking to move I got calls. Initial stop below base. Stopped 1/3 on tight stop below recent few min. Reloaded when it strengthened again. P/L target (didn't sell at first trigger, when I feel like I used to get better fills), then stopped on squeezed stop and last bit on wider stop (these executions didn't seem to time lag more than I'm used to. didn't notice about fill quality)
Psychology: Good. Nice calm trade by the book. I wished it would fly, but It didn't fly in my timeframe and I got a good piece. PEACE



Tuesday, October 8, 2019

BABA +4%. Is this what commission free trading is going to cost me?!

Daily setup: Gap down below bear / pullback
Entry/play: after initial high, below 1 min reversal bar.
Management: I planned to go small. I'm working on sizing based on conviction. Initial small position triggered my limit order but it didn't fill had to stop partial. Next spike up, reloaded. Next spike down, greedier limit also didn't fill. Left my stop high and got ripped off. Reloaded again. Next time put a price trigger market order, which filled poorly. Rode it up again, setting stop, trailing stop, and another really terrible execution on my stop.
Psychology: OK, since I was never in too big at any given time. Mad about slippage.

Schwab, I used to love you. Are you going to rip me off on slippage now? You made more from me on slippage today than you would have made on commissions. I will keep my eye on this.


Monday, October 7, 2019

MTCH +10% well done

Daily setup: top gainers screen, post open, gapping and holding
Entry/play: sort of a vwap bounce after surge and stabilize.
Management: First of all, small position. Big spread, so even smaller position. Initial stop below recent pivot that bounced even above vwap. My profit target triggered, but limit order didn't fill so I went back into the wringer, though never below water. It never hit my target, so I got a stop/limit and and I auspiciously took off the last part right before the close/drop.
Psychology: Good. Hard to get too upset about a position this small. And that's exactly why to play a trade like this small like I did. Acct total gain today was green but miniature. And sane. By far I didn't use my available cash, but I traded sane and scraped out a few dollars. A good day.


UBER +1% thanks to zero-comissions. Itchy fingers trade.

Daily setup: Post open, volume mover screen
Entry/play: pennant coming to tip. calls based on gap up and market holding up. Trading on phone, postopen, itchy fingers means only super-small position
Management: This isn't even a setup for a lotto, although I took lotto sizing. I hoped to get maybe a few tens of dollars profit on this trade. Instead it stopped for a literal sliver. BUT, thanks to first day of zero commissions, this was barely green instead of barely red. Thanks Schwab!
Psychology: Good. I really wanted to trade today, but had a morning commitment. On the subway home, I played this little guy. Even if it would have fallen apart, I would have been ok bc lotto sizing. That's the way to handle the itchy fingers trade.


Sunday, October 6, 2019

PEP +44% after lucky AF

Daily setup: preempting new all time high. nms. no good reason. not even volume
Entry/play: revenging tesla? nms at all? too big. today's expiration totally stupid
Management: I played this huge position like a lotto. I could have devestated my account.
Psychology: Terrible. See other post. This ate my whole day and caused tons of psychological damage.

5 min chart:

TSLA -54%

Daily setup: NMS. at all. no good reason
Entry/play: already huge selloff, but I tried to short new low?
Management: terrible pick, terrible entry. instant loss. and then I tried again? WTF?!
Psychology: Terrible. Very destructive.
Lesson, learned again the hard way: I can't trade anything. Trade only my high probability setups.


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