One trade. Done.

Market opening inside, third day in this narrow range trying to hold 50mas. Means, be skeptical.

No great picks. CRWD big volume gap, but not a stellar setup. Also very volatile and spready. What could go wrong?! Meanwhile the market opened and dropped straight out.

Set an alert for a possible entry price level. It ran to my target, but I didn't fill. Had to take half on stop. Reversed well and I added back. Again I didn't fill when it got stuck under 226. Reduced my first target to make sure to fill. Market dropping. Be skeptical. 

First half filled and then I trailed stop under the second half. Hoped to get to 229, but also watched the uptrend resistance from premkt. This concept has been helpful since I noticed it. Works on all timeframes and very helpful for targets. It may LOOK like stock is making a new high, but it's a fakeout to uptrend resistance reversal. 

Looking back at it only several minutes later... gotta take those stops. 

Trade mantras

plans

I like how I planned this morning, including actually writing it out on paper. Do this more often!

HPQ was on every watch list today on news that Berkshire took 11% stake. I think people wanted a TWTR type move. It gapped on big vol, but still inside range. I like my entry on the big green vol coming in at 9:32. B"H it moved right away and continued nicely. Shaved my way out, wary of the daily resistance trendline that has often been important lately. A+ trade

AMD (watching NVDA simultaneously) inside bar, made a decent high flag and I shorted breakdown with a lot of slippage. Market was still strong. AMD was the weaker of amd/nvda. Not cool on the bounce, but it stayed below day highs. However bc that, when I got back near b/e I tightened up. Got rinsed out on the vwap retest, and missed the drop to pltgt, but I think I should just call myself lucky on that one. 

QQQ short

Didn't get here in time to do proper market prep. Took a QQQ short from 354.8 - bottom shown. +18% on front, +63% on back. Greedy af, I wish for more. Need to figure out how to chill. Why would I look this gift in the mouth? Try to feel PEACE, bechayech!!

TWTR

Got burned on TWTR puts yesterday for a "D" trade. Ugh. No need to tilt though. Lick wounds and get back to clockwork.

Lessons to take from TWTR. First of all, I know from the past that TWTR is a fker. I've been burned before by weird option action. So remember: ROKU eats its young (flushes and reverses), but TWTR is a fker (options don't move right). 

In this case, maybe because such a big gap, the option premium was soooo exaggerated that even when the price moved, the option calmed down and didn't move (or even decreased!).