After ended last week with a small red day my goal was to come into the day prepared and lock in a green day to reset my mental state. Thankfully I was able to to put the little $JKS blunder behind me and do just that.
This might sound super obvious, but managing risk is the key to staying in the game and I’m happy that I was able to keep Friday as a small loss, that I was able to make back 2 fold today. I have struggled in the past with letting red days wipe out a ton of work, but I’m very happy with my progress here.
NIO
Right idea but a little early to the party. I had this on scan and had a plan vs the prior close, but I didn’t reassess my levels based on how it gapped up. Had I done so I would’ve played the push to 21.90s and had a much better average. Overall a LITTLE red on this name. Looking at the daily after I left it alone I see it did indeed get back down to 21.10s where I was targeting, so it’s promising to know I had the right idea. More lessons to take forward.
CRVS
Trade of the day for me. I got to about 1/3 size because it was still premarket and I wasn’t sure how the 9am crowd was going to react, but overall really nice play and a really nice gain here. I had a plan to join if 6.12 breached and it did. In hindsight I should’ve added after the second confirmation of 6.12 staying heavy to get more size on the move. I didn’t want to overdo it today because I was coming of red day, but I want to make sure that I’m taking these opportunities when they are presented. A focus moving forward will be making sure that I’m paying attention to those key levels and not letting opportunity slip away. This is such a delicate dance to play because you don’t want to recklessly jump into a name with size, so I will be working on my confidence in those levels. I mean I put them there, so I need to trust my self and my process.