Zero tickers today for my best setups. Did I take the day off? I know myself. I traded. But also because I know myself, I took half position size and used less of my capital.
Today's setups were weak stocks gapping up into resistance. Lots of those, and I tried to trade them, particularly SQ. Here's some thoughts: opening ~30 min of basing (in which I got chopped or very hard to hold). Breakout (up into further resistance) did not sustain. Trying to short a top reversal also didn't work.
Somehow (lol, I know how) I managed to make 1% this morning and I'm going to call it done. Caps a stellar +26% week.
Not going to annotate today. Most interesting trades were NVDA for the bounce off ma's, above one daily downtrend line, into resistance level in high 590s and perhaps to get stuck below a different downtrend line. I lost on an early short, but later the 1 min showed a clear resistance level so I went for the long break above. Net negative on NVDA.
SQ gap up on earnings above big red candle, but into daily ma tangle. I traded this both ways, lost both ways, until it finally moved at 10am and that's basically how I made my entire day.
Was not easy money today. Glad for my piece. Peace.
