WORK didn't work -3%

WORK didn't work? Hard to find a less original title.

Gapper above 3 day pattern so I'm wary to begin with. Not many setups today, and I already hit SPCE for my day, so this was almost an afterthought as it approached a level I liked. Took only a small position so as not to dump my day and not to kill this amazing trading glow I have about my week.

SPCE 2 trades for 30%

SPCE is a hot stock. Not my setup on the daily, but it has a lot of action and I gave it a shot when it set up interestingly intraday. Tight setup, tight stops. Not going to give away my sanity to a nms.

As a result of tight stops, 2 trades. No regrets about that. I traded each one like clockwork. Peace.

I feel good!

I feel so good about my trading this week.
LIKE CLOCKWORK! I think this is what I will name my trading entity: Clockwork Trading.

Boom! Picked great setups. Waited for ideal entries, and mercilessly cut when it doesn't do what I think it should.

I had 4/4 green days this week (Monday holiday), new account high. Psychologically very good trading.

Peace.

Z two trades for overall +16%

Two different positions in Z.

Of 3 picks today, only Z set up for me. I hesitated bc wide spreads, and then wound up not going small. I think I have to chalk this up to some luck today in that it didn't hit my stop on the pullback (would have given back first trade and more). 

But I also think it's a lesson that when I play my best setups, I should expect them to trade "right" or otherwise get out with confidence.

Double complexity here was the stock price volatility plus wide option spreads. Took my limit orders and PEACE!

First trade preempt ndh.

Second trade trying to grab resumption above 64, but it rocked me first. I think it was overconfident to add (though I did increase hard stop to below pivot), but it worked. Based on huge position and spread, I took off the front as soon as it was green and then gave zero room to the rest.

ALLY +19% lunch money

I entered ALLY at 9:52. Kind of late for me and I considered just not taking it. Spread was 5-10c on .20 option, so I went small(ish) and opened with a limit order. That was a bit harrowing, bc by the time it filled, it was pretty near my stop. As it dropped, I didn't like the option action (ex, bids would disappear to .05, even as it dropped) and I reduced my p/l target. I feel like I was right to play it like that and possibly lucky to get the fill on the limit as it bounced. Take a little lunch money and call it a day.

BHC +37% so juicy

BHC so juicy! I waited for buying to stall. Opened puts for mini flag b/d. Took beautiful p/l target then squeezed stop. After I stopped, it did a bounce to vwap and then continued to my target.

1. According to my rules, it was right not to give it room.
2. I considered shorting again at vwap test, but passed (nms)
3. Peace!

ADI eating the spread for -16%

I thought ADI was going to be pick of the day, but it sold hard in opening minutes. I waited for bounce, stabilize, round number and entered. It got to my p/l target twice without transaction. Almost stopped, and on the next run it got above the 9:45 trendline and still didn't GO, I squeezed stop and basically I ate the spread. 

In the past, I would have thought it regretable to eat the spread... would try to get out on limit order. That is a good way to eat s#!t. Better to start with small positions and eat the spread if I have to vs psychological damage.

I wish my target order had filled, but no regrets how I managed this. Peace.

Clockwork, baby!

I love how I feel trading today/yesterday. LIKE CLOCKWORK!
Good picks. Smart plays. Scrape in a little money. Peace.
Love it.
Just trade like clockwork.
Clockwork trading.

The trade I didn't take

I think it's worth posting, in light of down-is-up-and-up-is-down behavior that this one I passed on. It was a big opening gap above a very long downtrend. I marked it for a long. But in the moment it didn't feel right and I had other things going on so I passed. I also had it low probability bc despite gap above dt, it was a gap still near lows. Mostly, I'm glad I didn't take this loser. 

HSBC -7% option traded so wierd

Was wary of this bc strong support, but gap was so big. After wiggling, I got terrible fill on puts to preempt drop. It made the move I wanted, but the option didn't move. The spread opened up on the ask to my target (me!) but it didn't fill. The bid/asked continued to float without logic so I squeezed and dumped it.

Pleased with my judgement and management of crappy position. Peace!

CAG +4% Win a little, lose a little

Disappointed, but no regrets.

Gap down below huge pattern. After opening buying, short the drop. Took PL Target then squeezed stop. Spreads were wide, but still have to take stops. If anything, all the more reason to take targets.

Peace.

KR +59% beauty

I love how I traded today.
I made sure to pick the best gaps. Gap up at highs, gap down at lows.

KR set up great. I waited well while it initially traded below premkt stuff. Bought as it regained strength, watching Level 2.

It blew through my pl that before I could even set the order, so I squeezed stops.

Just plain beautiful. Peace!