Nice day in the markets. I might be a weird one, but this current market that people don’t like I love. It’s just yielding some nice setups for me (either that or I’m just learning how to be better with patience on setups..lol). Risk management was definitely on my mind all day after letting WKHS get away from me, so I’m definitely pleased with keeping that in check today. Overall nice day with great action to my liking. Not really too much insight to write today. Just overall pleased at the progress and direction my trading is heading.
Unfortunately someone scheduled a 8am meeting at work tomorrow, so I’m not going to be trading as I want to make sure I’m able to focus, so I’ll be off until Thursday
soooo I was actually looking for a long reversal setup here, but the tape seemed pretty heavy at the 36.80 level that I decided to try some short, but when it started to feel like the .50’s were firming up I gout out of doge as I didn’t want to get ripped. It was a nice cover given the tape, but I completely forgot my original plan, which was a long reversal and missed that entire more, which proved to be a decent on at the end. I’m happy that I read it right on the covers, but definitely a little bummed that I didn’t stick around to try and capture the long side.
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Really nice read here. It was a sector/sympathy play with the OXY move and I was able to capitalize on it. I started in and then pretty quickly sized down properly off of my .45 risk level, and then when it proved it wasn’t read for a leg up I added back on. Sure I shaved a couple of bucks on that cover, but better safe than sorry.
I missed the initial move, but was able to capture the second move with decent risk. I definitely wish I got in around the 29.10 level, but it is what it is. Overall happy with the trade and how I captured the move
Nice reactive trade here. Give the way these types of names have been moving lately I wasn’t trying to get super comfortable and overstay, so I took my win and kept it moving. Very happy that I didn’t try to make this trade more than what it was. I would’ve been interested in joining again if we had some fireworks off the open vs 2.93, but given we didn’t see that I left again since it just felt like it was going to grind city…and sure enough it was. I guess when you go on a rid on some of these enough you start to know what they look like. There’s no replacement for seat time.