Green Day. Gonna keep this one relatively short because I’m TIRED.
DNK
Took a little paper cut on the way up, but was able to size into the backside of the move. Something that I definitely need to work on is my front side entries. My first entry was actually pretty decent, however I should’ve been covering some into that pull back and looking for another setup as the tape really wasn’t indicative of heaviness at that point. There’s nothing wrong with sizing out to lock in and then if it gets heavy and stays heavy sizing back up. This would’ve definitely kept me away from the paper cut looking for a bigger move and gave me more breathing room.
SCKT
I love it when an old friend returns. I was faily confident on this one given what I was seeing in the tape. I was fairly moderate in size before 8am, but honestly I probably should’ve been half of where I was and then sized in more after the 8am push and confirmation.
Yesterday I talked about being able to let the trade work into my target zone and I put that into practice today. I was hoping for low 2.70s, however the tape shifted, so I covered all but 100 shares near the 2.84ish zone, then I put on a stop range for 100 shares and let it ride. It ended up stopping out, and I walked away green on that last bit, but hey…I tried. This tape just wasn’t showing a heavy hand and if you look at the full intra day action on the 1 minute it was sideways ALLLLLL day long, which isn’t something that I was to be stuck in, because you’re just 1 swipe away from a headache.