Green day recap. I’m a day late writing this, but better late than never. For the most part I had a decent day, but being a bit too early on UAVS (after telling myself that I didn’t want to be too early…..#Famous last words), so that was a bit frustrating as It chopped me out of half of my days profits.
For me the big take away for the day is patience. Once good thing that that SCKT tickle taught me was that you don’t need to be first to get the meat of the move. To many this saying could mean different things, but for me it also may mean that I don’t have to be in on day one of a move if I don’t trust it on the long side. In the past I would think that just in terms of the name on the day, however it’s definitely best to wait for the proper setup. This may mean missing on on big range, but honestly it’s better to be safe than sorry. Having a set level to risk off of and having the proper entry will make or break you. I think that many people get bailed out and this causes them to think that they are making good trades. I guess a “good trade” is subjective, but for me proper levels are becoming more and more critical to my success and lack of stress
I can’t say that I like this at all. I was definitely early to the ball game and should’ve have waited until at least 9:40 to get involved. Granted I was able to take a decent range on it I prefer to have the more set risks as I was stating before. I thought we were going to get some failed follow, but given how these names have been moving lately I should have expected the ramp back at 9:40 and some tango action after that. Again I’m green on it, but definitely not the ideal play. I would much rather be involved on the short on on the way “up” into a key level that has exhausted out.
CCL not much to see here. I tried this a few times, but she never really wanted to retest vwap until AFTER I got uninvolved…lol. I’m happy with the attempts and the covers to stay out of trouble.
Not happy about this one either even though I made some green on it. I think I mentioned the other day that I don’t want to be involved in the middle of a range and yet here I am. PAITENCE IS KEY….PATIENCE IS KEY. I should’ve waited for that 73 retest and grabbed almost 2 full points. THAT is the difference between patience and getting antsy. I literally could’ve doubled this trade by waiting 2 more minutes into my levels.
Such a screw up here. I was too early thinking that it had reached it peak, but you know…when SSR is on you need to expect that they will want to push it. I’ve seen this over and over and over…and again PATIENCE. I had all of these levels mapped out before it even hit 10.50 and I still let FOMO get to me on this one….frustrating to say the least.
Ah yes…patience. I saw the float, I saw the newsletter interest, and I had 0 reason to step in front of this (really any name, but especially this one). I’m absolutely sick that I don’t have diamond hands though. I left a bunch of the table and as you can see this actually went straight to my target level. Given the #KWYO situation I should’ve have stayed strong in my conviction. I guess after SCKT I was just looking to get more wins under the belt, but no need to minimize a great setup. Moving forward once I have my targets in place for a trade I’m going to stick to my guns. I end up losing a bunch when I don’t do so.
It never gave the push and pop that I wanted off the open, so I sat on the side lines and boy am I glad that I did. I actually saw the setup and wanted to get long at 6.14, but missed my fill. I’m HAPPY that I’m starting to think about trading the price action and not being biased as a bear or a bull. Take what it gives. The 6.80s were soaking pretty good, so I got out of dodge. Yeah I wanted more, but I wasn’t trying to overstay my welcome, get swiped and then make irrational moves into the close. Not my style, so I took it off.