Nice .start to the week.
I was looking for solid long setups in the premarket, so I took a stab at two name of which one was the EXACT move I wanted….I just piked out too early…lol #TradingIsEasy. I’m SUPER tired, so I’m going to try and write this, but if you see any weird sentences just know I probably dozed off and finished it up after the fact.
I came in with two main focuses on the day. The first being risk management and absolutely have 0 room to let a name run against me, the second thing was patience. The agility to wait for edge and a proper setup (despite your overall thesis). I’ve typed it enough times to know what kind of price action chops me up, so I am super zoned and focused to overcome those issues until the process is cemented in stone.
I was hoping that the 7.20 level would base and we would start to trender from that point, but the market had other plans, and I kindly stepped out of the way. Live to fight another day, and that is what I. did.
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Man what a PIKE miss for me. I had the absolute right idea, however just a bit too early to the game with a very tight stop. While I want to complain abt missing this trade, I can step back and say that I actually looked at the long the setup, and gave it a go. Even though I didn’t get the big move like I thought I would I did execute.
Really nice continuation play from last week here. I was eying it up at 61.60 and hesitated a little too long and missed the big move. The last couple of weeks I’ve been talking about confirmation and hitting at the top of the range. I waited for the confirmation on the tap and covered into the key support. A VERY amazing play.
Failed follow through momentum just kind of like the XOM study.
Very sick how they marched into open just to unload right before the sell (so ugly). Waiting for confirmation is the name of the game,