Another day full of opportunities. Overall I was pleased with my demeanor in regards to the plays that I was participating in, whoever I definitely held a little chunk of NNVC a little bit too long and let a secondary level (from where I was playing) get stretched out further than I would have liked. Something is still in me thinking that I should just hold on to a little bit when levels are being tested….I’m kind of mixed around this, but it’s easy for me to get the deer in the headlights effect, so I think it will be best for me to make sure that I’m covering all of it and getting back in when it makes sense. I’ll touch more on how I handled that below.
I’m still seeing that My best odds are just waiting for the high end of the channel. If something fails that’s fine…I need to wait for it to come back before I think about a reentry (at least for me). This will be a main focus for me as I believe this will have a HUGE effect on my mental status in trades.
Step 1…identify levels…step 2….stick to levels.
I was proud of myself for not giving in to FOMO on some plays and mostly not trying to force anything to work. If I miss then I miss..there’s ALWAYS another seteup.
Didn’t let the “find the top” bug get me on this one. I really wish I had scooped some long as thought it had went too far in the 8 range….surprise surprise…lol. Either way I stayed away and let it do it’s thing. I do wish that I would’ve paid more attention on that retest of 14 for an entry though. My entry here was a little late and chase like, but with responsible size and I didn’t want to hold it into the open in case it caught the halt bug. I also wasn’t super comfortable with the way it just went nuts so I wasn’t trying to get overly convicted and get smashed. Happy to walk away with the W.
Nice opportunity here. I thought we were going to get more failed follow through at the 45.52 level based on the tape, but then it held. I definitely missed that 46 retest and i just left it at that. I was a bit too late to the button and let a nice 1pt opportunity slip through my hands. This is what I was talking about earlier. If you miss you miss and I’m good with that because there will always be another opporutnity
Man, go caught in some chop fest here early and while i cut the majority of it responsibly I did hold a little bit from the 8.34 to 8.80 range that I wasn’t happy about (despite how few i had). It’s very evident that MY edge is on the top side of a channel and I need to make sure I’m playing to those strengths. This was definitely one where I’d love a redo to capture more of the move in accordance with how I trade best.
Been watching this one the last few days, so I took a shot at the failed follow through, but clearly it didn’t want to continue right away, so instead of waiting to get squeezed I go out with like a .10 hit and kept it moving until things cleared up. Nothing to write home about.
Extremely frustrated today. Nailed JCS right before the open when newsletter forced the push, saw the 8.20level holding / consolidating was ready for the post squeeze but sized in too early and cut the trade to only give it all back. Could not re enter as broker ran out of borrows. Market is closed and I’m still thinking about this as I finally can see the levels clear, identify the squeeze but I’m always too early. What I learned today is I need more patience let them squeeze out and join later.
I was somewhat frustrated about it as well, but a thing that I’ve been focusing on lately is trying not to get caught up in the frustration. Nowadays I’m much more happy letting thew volume (whether it be artificial from a newsletter ) or actual demand do it’s thing without me if I’m thinking short and then just waiting for the bounce to confirm after that. It really has taken my frustration level down from being too early and sitting clenching my fists because I’m in an uncomfortable position.
Sometimes this leads to me missing some range, but honestly I’d rather get the confirmation and feel more secure in my thoughts instead of getting tickled.