What a day!

 What a day! I missed it. The market gapped up a few percent this morning (after -2.5% yesterday), and proceeded to trade up like gangbusters all day. An amazing day, but the market still doesn't look good. Maybe, though, this was the follow through day to the Oct 13 bullish bottoming bar I was so skeptical about. Time will tell, but I really hope so.

I got a META short in the opening pullback for +13%, but missed the whole day runup in everything. Not my money today.

META

day after midterm elections

Inside day for the indexes. Don't expect follow through.

Trades were hard to find. I went with 60 min setup on META gapping above oversold levels, and DIS gap below major long term levels on earnings.

META was very volatile. I didn't enter or exit well, result was a very small net loss. 

DIS was also chop. I got a good entry and was able to have a good trade. 

Add to my analysis: inside day = don't expect followthough AND expect choppy trade. Wait for levels. Don't chase.

Mistaken trade amplifies losses

AMD, not necessarily my setup in the first place, so big smack in the face for that. AMD gapping up with NVDA which was way up on earnings. However both gapping into resistance, so I looked to fade. 

First puts stopped. When it reversed off the top, I tried for new puts, but accidentally bought calls. By the time I realized why I wasn't raking it in, I was down pretty bad and cut it. Tried to find a new entry for the puts I really wanted, but I missed the boat for another loss, instead of nice gain I would have had off the top. <grumble>

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.