Wednesday, May 20, 2020

Clockwork trading pays 9% on day.

Remember! Those tiny trades matter! They add up to big days. Every green trade is a little closer to goals. I had an all-green day today until I tried to stab at QQQ when it looked like it was overbought/rolling. I ate 4% on that with "tight stop is the right stop". Overall great day.



QCOM
Gap up above 100 and 200 dma against red bar









FB
Gap to all time highs. Didn't chase.









LOW
Gap up on earnings to resistance. Premarket weakness. Waited for clarity.









NFLX
Didn't get robbed by NFLX today. Pondering loss patterns on this and I see that it runs up on open, draws me in, but does these 1 min tweezer tops before it drops. So when I saw the level tops developing, I went for the failure. I left a lot on the table, but strong support at 450 (see 60 min) so I took it where I could. Very pleased with this play... if I can't keep my eyes off nflx, at least I did it right this time.










MRNA
This thing so volatile and juicy I wanted another piece. I love both trades. Most of all, the spreads are huge and the increment is .10 on ~$3. Volatility plus spready means go SMALL vs big. I didn't fill on my pl target fill twice in the second trade, but still managed to scrape something out of it.









QQQ
Market is up today illogically, so I tried to short overbought/roll. Only red trade of the day. I should have tried to short a weak stock in anticipation of broad pullback, but I felt I had to move fast so shorted just the index. Probably a waste.








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