2 trades, but also showing one I passed on.
DDOG is a wild mover, but making a great gap this morning to downtrend resistance. Need to let it prove itself first, develop a level to stop against, not just a bar to stop against ($STUDY). Trade was volatile and option spread was really volatile so took only the smallest position. Need to get out with limit order on this, so when it started stalling, I put a reasonable limit in and filled pretty quickly. BH
DIS big gap up, back above a daily level I watched before. Opening low pennant that I tried to short. Stopped on 2 bar reversal and ...if I've learned anything... that's a reversal pattern: bullish setup looks like it's going to fail, but instead it flushes and comes back. Failed intraday breakdown on a bullish daily setup... go long! Grabbed the long and again, when it starts stalling, yank.
Zigs no zags! Hit and run was definitely the trade of the day today. So much sheket nafshi to lock gains and go have a day.
After DDOG I even debated quitting then with such nice gain. Definitely "old me" DIS initial loss would have triggered me to tilt. But knowing that about myself, after DDOG huge win, all future positions are small, timing, tight.
This is one I passed on MAT. Daily breakout above long term box. It ran up then really narrow range above vwap. The option spread was pretty big, and it's already up close to 10%. How much does it have left in it? Watched lvl2 and didn't look like there was a play there for me, esp the way tight ranges like that are prone to spike. Glad I avoided.
