Monday, November 7, 2022

need more plays

I need to work on new setups in my playbook. Today I took 3 nms trades. Is that wrong? There was a decent rationale for each, and I traded them with good levels. So I think I need to work on more plays like this. It's hard being a breakout trader these days. That was great in a roaring market, but the market is not roaring most of the time. I need plays for all seasons. 

OXY has an incredibly strong daily chart. Earnings tonight. Others in this sector making good gap above levels moves, but OXY probably waiting for earnings (with potential to do LT breakout on that). Yet, this was still an inside day. Played it tight, don't give up 10% gainer.

AAPL also inside, strong relative weakness, short against level after pop/drop. Tight stop resulted 0, but the trade wouldn't have paid much anyway and did reverse hard. Was it worth taking?

SPY 0dte, inside small range open. Short vwap bounce down. 





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