What an interesting morning. $SPI really woke up small cap land and along with it it reawakened the moves happening at the butt crack of dawn. At one point I was all about getting up at 4am cst to be in front of the screens ready to trade, but nowadays I’ve found that for ME that doesn’t work. I have my routine and I stick to it and that has been proven to give me a great balance mentally and physically in order to be ready for the trading day. Maybe in another post I’ll talk more about my routine.
With that being said the early birders stole my glory (at least I like to think…LOL) on the vast majority of my watch list, which I really wasn’t expecting. On top of that the borrow rates at my broker for PECK, SUNW, and POLA were more than I wanted to consider, so I took them off my screen so i didn’t get distracted.
SGBX
Very encourage with my read and follow through on this one. Granted I only got to half of the locates that I had, but the sized was very decent and allowed me to have a nice morning in terms of returns. I think the best part of this trade for me is that I gave it time. I didn’t let the desire to jump in right away get to me and by doing so I was able to let the chart setup clearly and offer me some clear levels and price actions off which to enter.
I definitely feel like my tape/L2 reading is coming along as I was able to build a thesis in terms of the price action and the bids/offers that worked out beautifully.
I’m also happy to see improvement with my having a target for an exit and working the name to that target with the price action.
Good day, but now time to reset and get ready for Monday. ✊🏾✊🏾✊🏾✊🏾✊🏾