Monday, January 9, 2023

market trend day, finally!

 FINALLY!!! This range has been tough to trade. Lots of gorgeous action today. Raked it in!!! Exactly what I need to do on a market trend day.


Market breakout day, push on longs today. Jumped too early into NVDA (chased) and didn't get my stop in fast enough. LESSON: if I'm going to chase, put the stop in first! Added as it rounded the bottom. Tight stop as it retested day high and took a loss but got back to better size. Then trade "normal": zigs no zags. Got such nice gainer on the add.

Tried a small UBER and got a smidge out as it pulled back and stopped. The daily setup is overextended, but in my platform the intraday price/volume/level setup seemed ok. Didn't power up the way other stuff is powering, getting somewhere around a 10-13% gain for me, which I didn't take. Tightened stop and dumped it, eating the spread.


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