Thursday, December 19, 2019

FB money burning a hole in my pocket loses 41%

Daily setup: long term trendline break
Entry/play: surge, pullback near VWAP. I entered wrongly. I tried to preempt the VWAP bounce and priced it with the money I had left to trade with. I should have waited for stochastics to cycle all the way down. If I had, I would have lost less or I hope I would have seen the dip and passed altogether.
Management: first stop was sort of random, since I didn't buy against a decent pivot. Second stop was against a pivot buy my trade trigger was set wrong so I sold it even farther down.
Psychology: first trade today was huge winner. I went small into this one by force of funds availability, but I should learn from that lesson, after an amazing trade, go small and don't ruin the day. I got what I deserved here for playing it wrong. I'm just glad I didn't ruin my day bc of it.







CAG +86% and left sooooo much behind

Daily setup: gap above box on earnings
Entry/play: 1 min new high
Management: This surged so hard I couldn't edit my order. Front half filled before I could edit the order. Second half I took off WAY too soon. I bought .3, sold .45 and .7. It went pretty smoothly to at least 1.7 as of this moment. 16% stock surge almost straight up.
Psychology: I got my piece, and I'm so happy. I couldn't have anticipated it going this bonkers.

The way to hold this trade is NOT to hold and hold. I know those can go painfully against me. The way to have held this trade would have been to shave off smaller chunks.






Wednesday, December 18, 2019

FDX +19% feel good trade

Daily setup: gap below box
Entry/play: short after flush and pullback
Management: I didn't jump on the 1 min entry. I waited for VWAP test and for stochs to cycle. When it didn't quite make my T1, I tightened stop on half. When it made ndl, I squeezed.
Psychology: This trade felt terrific! I was green almost immediately. Had a very clear pivot to stop against. I like how I waited.




Monday, December 16, 2019

I'm back! MU +5%

Daily setup: gap up (extended)
Entry/play: On purpose I arrived at my desk a few minutes in, so as not to get involved in Monday opening chop. Nice entry: after thrashing around, it tested whole number then bought the move above.
Management: I hoped for a 20% p/l target. I could have gotten 12%, but I tried to hold on. At first with a wider stop, but after an uncomfortable retest of vwap I squeezed my stop. Update: after another 15 minutes of chop, I could have gotten my target.
Psychology: No regrets about not waiting out the chop, that could have gone either way. On the other hand, I'm not in the mood lately to take singles (10%), but that's really what I should do for parnassa. AND maybe what I REALLY should do is press the one minute trend with a squeezed stop and not give any leeway on the front half.

These things go together. I can't take smaller parnassa then give wider stops. If I tighten my game, I need to tighten both sides.




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