WHAT!?!! An actual no trade day. I think my new trading buddy is having a good influence on me. He gives a vibe of no trade = no problem. Especially as the market chops in this box, I'm becoming less inclined to stab around. Keep my powder dry for the move!
Here's the ones I passed on today:
DOCU textbook setup, gapping above a box. Coincidentally, also above the 50ma. Option is too spready. No trade. Hindsight: it didn't move enough to pay.
ROKU also a nice setup, but I have a saying: ROKU eats its young.... "They"(marketmaker?) seem to run out the stops and reverse. My normal techniques usually get me burned there. So I usually avoid. Hindsight: it moved like a monster, but chopped enough that I maybe couldn't have handled it.
INTC short (ran without an entry on the open)
WDC long (didn't set up for an entry)
ZIM short (option too thin, also ran without an entry on the open).
