Thursday a waste

Missed the open today bc life stuff. Found 2 short setups I thought I liked heading into lunch. Neither played out, then quit. Better luck tomorrow.

not exactly followthrough

Today is an arguable reversal day - big selloff yesterday, today opening near (but not above!) yesterday high. 

In a strong market, ZIM is a beautiful blue sky high breakout. I thought it could go, bc market is having a strong day (amid bear mkt = be skeptical of all rallies). It didn't pay in the open. Second trade total disaster. Even with v.small size, it hurts!

LAC also looked good for a setup, but it didn't pay in the open.

I got a bit on a SPY short, but this day so far is all in the gap. Regular hours, tiny range. 

Brother trade

 No great picks this morning, but market in such a desperate place. Watch for a capitulation selloff? Go small. Wait for the "second setup".

Market traded hell'a whippy this morning. Keep careful eye on setups. Don't yank stops.

NIO was on tradertv.live watchlist for breakdown Not my usual setup, and hello? I didn't wait for the second setup. Not sure I love my entry. Tried to stay in. Didn't take small profit when it wavered. Didn't ever get to my target. Got out on reduced stop, and saved myself the agony, but still took a loss bc I bought into opening volatility (exaggerated price). 

NVDA was an interesting trade. Continuation gap, also looking for a breakdown. But also, I was watching AMD, a brother stock. Lots of eyes on AMD for break below 100. Need to keep an eye on that while trading NVDA today. 

I waited for NVDA second high to short. And used an uptrend connecting highs for initial stop. See another high a few min after my entry, but stayed below the uptrending resistance line (not shown). NVDA did break below previous lows, but AMD couldn't crack the 100 so I squeezed my stop so tight! I had a dream target of 202, but need to trade the facts and so glad I didn't hang around!

Defying gravity

GILD ate my lunch today. Gapping down below everything. Entered too hastily (too cute!) and gave it too much room.  Even a small trade hurts when you don't cut right. This thing is up strong while the rest of the market dissolves. 

SPY doing "what I thought" but with more volatility than I can ride. So I got 2 small pieces. If I would have held, I'd be at about double by now (today expiration). But, I know that can burn both ways see GILD! Get my piece. 

ES, poked above 60min downtrend but SPY didn't follow through daily doji reversal, so buh-bye...

Last week in review

Last week, red week. Also a very busy week personally. Maybe I didn't focus enough on good picks, good planning, focus on new lessons of volatility (goes against you more than you think). But also we had 4/5 days last week in a tight box and I let myself get churned.

This week focus is on TREND. Is there a trend? Do I have good odds? Is this a time to press or lay low?

This morning after almost 2% off overnight, we are almost flat for the open. Back into last week's range, failing to continue Friday's [arguable] breakdown. Futures are trading above 2 day hourly downtrend but still red.

Current assessment for today is to start small!