Today I missed the open due to picking up kid at school with a stomachache. "The trader life" sometimes looks like this! It's much less glamorous, but is also an advantage of the freedom and flexibility trading provides.
By the time I got back, I needed to find non-opening plays. And this has been one of the things I've been thinking about lately... how to trade midday market. I reviewed my volume movers screen, which is just a price/volume screener, sorted by run rate. I'm not sure how to hone it for midday results. For starters, maybe split it by price range so at least I'll get more ideas (vs max 50 results).
And then I looked for setups. AMC breaking down was "easy money" but I left a lot on the table. TLRY also paid quickly. Both of these for pl and also stop in the 20% range.
I stopped PATH (crap overnighter) for a pretty big loss. My day would have been best ever if not for that. As it is, +7% (coulda shoulda +12%)
Then reset to look around again. Had my eye on roku, ddog and spwr. All similar setups: rounding off bottoms. I watched the action for a while and scaled into DDOG. Got a terrible fill on first batch, but that's why I started small anyway. Scaled in another partial, and then it really ran. Spreads were wide (another reason I started small/scaled in), so I had to take limits, but I did great.
Things to keep working on:
midday trading strategies
max day loss discipline
don't reverse long setups, just wait for new long
