Friday, February 4, 2022
Need to YANK profits off in volatility
Thursday, February 3, 2022
The peace trade
shorting in the lower right
Wednesday, February 2, 2022
up down + down up day
Tuesday, February 1, 2022
coulda shoulda
Oy! PLUG. Didn't take a small loss, then took a big loss right before the reversal. You have to take a stop somewhere, the tight stop is the right stop.
MOS got me somewhat back, but close in red today.
Thoughts about stops. Being ruthless.
Monday, January 31, 2022
Zig
Not many picks today. Market daily looks bull below resistance. 2 gap up picks are main targets. NVAX gapping above bottom. ZIM gapping near ath.
I ruled out ZIM bc it is 5th day of a strong run and indexes still below resistance.
Market barfed at the open (mkt tone now: skeptical of all bounces) and I played NVAX actually for a failure. Spread was not great so I didn't get best target, and since I'm only trading zigs, no zags, after 1 reasonable (but scary) bounce, I had to clamp down. No regrets there bc it launched after that.
Since NVAX was originally a long pick, in retrospect seeing the subsequent run up how would I have played it? Where would the entry have been? Maybe only after 10am, surge, pb near vwap, then run again. Market move may have corroborated that, but I think I would have been hesitant.
Trying a new chart format where upper left is trade target daily, large right is 1 min trade, lower left is 1 min index for reference.
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