Great day. Took an early step back and away from trading yesterday to clear my head and refocus. Set some new rules to protect myself from idiocy.
Plays of the day ZSAN, NETE, ECYT, CLSD
ZSAN good good play on this right out into open but got less out of it than I'd expect. Can't tell whether it's because of slippage or bad fills from my broker. Potential second entry but never quite hit the level I was looking for.
NETE missed the obvious play into the open. Was kinda teasing PM but managed to stay patient and NOT anticipate but let the chart verify your plans. Got nice plays on both sides of the trade but took profits way too early on the first and the subsequent entry was shady in terms of trading my plans even if I profited.
ECYT this one was having a massive diarrhea all day. Never really had a good move after crapping itself that I could be interested in.
CLSD just lost all volume and attention lol.
Friday, 9 March 2018
Thursday, 8 March 2018
Day 22 - 23
Combined post for yesterday and today's trades
Plays of both days CLSD, ZSAN
CLSD ZSAN lost sight of every single rule and the edge I was trading. Was mostly good at cutting losses apart from the one instance when misclicking and adding more into a position I was looking to cover. Terrible blunder, FOMO, lack of discipline, getting swept up by MOMO and volatility and so much more mistakes were made. Keep taking one step forward two steps back. Frustrating.
Small losses add up too especially if unplanned. Gonna introduce some new rules to protect myself from myself.
Plays of both days CLSD, ZSAN
CLSD ZSAN lost sight of every single rule and the edge I was trading. Was mostly good at cutting losses apart from the one instance when misclicking and adding more into a position I was looking to cover. Terrible blunder, FOMO, lack of discipline, getting swept up by MOMO and volatility and so much more mistakes were made. Keep taking one step forward two steps back. Frustrating.
Small losses add up too especially if unplanned. Gonna introduce some new rules to protect myself from myself.
Tuesday, 6 March 2018
Day 21
Plays of the day VCEL, CLSD, ECYT, CNAT
VCEL looked weak PM took entry and took profits into morning wash. Didn't have as much selling pressure as I expected it to and squeezed after VWAP reclaim. Unless something really interesting happens probably gonna just keep one eye on this.
CLSD was uncertain of the long and short positions within this. Chart was telling one story, statistics were telling another so sat back and waited for it to play out more to get a better idea. So far proving the statistics right and just grinding along now. Not too interested.
ECYT this is just lol. Patience.
CNAT can't tell whether this is interesting or not. No play to be interested in as of now.
VCEL looked weak PM took entry and took profits into morning wash. Didn't have as much selling pressure as I expected it to and squeezed after VWAP reclaim. Unless something really interesting happens probably gonna just keep one eye on this.
CLSD was uncertain of the long and short positions within this. Chart was telling one story, statistics were telling another so sat back and waited for it to play out more to get a better idea. So far proving the statistics right and just grinding along now. Not too interested.
ECYT this is just lol. Patience.
CNAT can't tell whether this is interesting or not. No play to be interested in as of now.
Monday, 5 March 2018
Day 20
Plays of the day CLSD, ECYT, TNDM, CNAT, ZSAN
CLSD nice spike into open. Took quick profit but couldn't get cover fast enough and lost about 0.4 worth of profits. Kinda bummed about it but meh. Not sure whether this will recover for a play in anyway that I can capitalize on but may be interesting the next few days.
ECYT waiting for something to happen. So far no real interesting momo.
TNDM this thing screams manipulation up, down, left and right. Gonna let this play out more and will be alright missing any quick moves that I don't consider a trade tilted in my favor yet.
CNAT lol. No interesting volume or volatility. Squeezed weak shorts that got in early now kinda just grinding. Meh
ZSAN couldn't get any shares locate. But wouldn't have made any entries anyway. Still observing.
CLSD nice spike into open. Took quick profit but couldn't get cover fast enough and lost about 0.4 worth of profits. Kinda bummed about it but meh. Not sure whether this will recover for a play in anyway that I can capitalize on but may be interesting the next few days.
ECYT waiting for something to happen. So far no real interesting momo.
TNDM this thing screams manipulation up, down, left and right. Gonna let this play out more and will be alright missing any quick moves that I don't consider a trade tilted in my favor yet.
CNAT lol. No interesting volume or volatility. Squeezed weak shorts that got in early now kinda just grinding. Meh
ZSAN couldn't get any shares locate. But wouldn't have made any entries anyway. Still observing.
Friday, 2 March 2018
Day 19
Plays of the day CLF, ECYT, ZSAN, TENX
CLF play off top gainers list. Saw the volume and volatility pieced a plan that made sense together and allowed the chart and level 2 to validate the move for me and took the quick move for a nice profit.
ECYT was extremely lucky that this didn't fill my order initially. VWAP usage kind of clicked today for me and will take note to use it when rationalizing chart and level 2 movements and better my entries.
TENX forgot to locate shares on this. Damn. But took away key lessons with respect to VWAP from this too. Gonna review and consolidate what I've learnt to improve my trade plans and entries.
ZSAN saw the news and thought immediately that this would be in play. Got the locates but never quite reached the level I was interested in. Thinking back I should have been a little bit more flexible with my r/r given the range of the price action. Move on.
CLF play off top gainers list. Saw the volume and volatility pieced a plan that made sense together and allowed the chart and level 2 to validate the move for me and took the quick move for a nice profit.
ECYT was extremely lucky that this didn't fill my order initially. VWAP usage kind of clicked today for me and will take note to use it when rationalizing chart and level 2 movements and better my entries.
TENX forgot to locate shares on this. Damn. But took away key lessons with respect to VWAP from this too. Gonna review and consolidate what I've learnt to improve my trade plans and entries.
ZSAN saw the news and thought immediately that this would be in play. Got the locates but never quite reached the level I was interested in. Thinking back I should have been a little bit more flexible with my r/r given the range of the price action. Move on.
Thursday, 1 March 2018
Day 18
Plays of the day ECYT, NIHD, LPCN, AES, THC
Markets been a nightmare so far.
ECYT looked weak didn't work out cut.
LPCN worked exactly the way I wanted, but was kinda distressed about how slow things were moving in the market that I walked away right before the pop happened. Damn, nice range for a small cap.
NIHD, AES, THC did not do anything interesting.
*Updates* Slow af is the name of the game these few days so taking more time to review my trades. Realized that I've been skimping on DD and becoming indifferent as to whether the chart and level 2 is actually supporting my plays on tests at levels of interest. Extremely bad habit I've been slipping into and gonna look to rectify that ASAP. Also, the fact that I let the slow market action affect my emotions and cause me to move away from rationalizing my trades properly is terrible. Have to work on my discipline.
Markets been a nightmare so far.
ECYT looked weak didn't work out cut.
LPCN worked exactly the way I wanted, but was kinda distressed about how slow things were moving in the market that I walked away right before the pop happened. Damn, nice range for a small cap.
NIHD, AES, THC did not do anything interesting.
*Updates* Slow af is the name of the game these few days so taking more time to review my trades. Realized that I've been skimping on DD and becoming indifferent as to whether the chart and level 2 is actually supporting my plays on tests at levels of interest. Extremely bad habit I've been slipping into and gonna look to rectify that ASAP. Also, the fact that I let the slow market action affect my emotions and cause me to move away from rationalizing my trades properly is terrible. Have to work on my discipline.
Wednesday, 28 February 2018
Day 17
Took a day off yesterday to rebuild my plans and approach. Had to remind myself to focus on VOLATILE AND VOLUME plays rather than enter everything that seems to be working in accordance to my plans. Trades have to take into account your schedule and your own comfort.
Plays of the day NIHD, MNK, SNAP, AES, THC
NIHD took an entry wayyyy too early on this. Haven't been involved much in small cap land and lost sight of some of the rules I've previously set for myself. Saving grace in that I recognized bad movements in level 2 and cut early. Took a re-entry when it looked weak and setup in a better manner and took the meat of the move which was what I should've done in the first place.
MNK damnnnnn. Waiting to see what happens to this. Feels like a fader all day.
SNAP AES THC didn't do what I wanted so no entries.
Bonus off new setup ENPH. Was right at the point where I would have made an entry with this but got tempted away by MNK. Missed the quick move.
*Updates* Another pivoting point in my trading journey. Reflected on lots of things and how I should trade to fit my schedule and life rather than being steered into following others. Long held out trades were obviously not for me with my schedule so looking to reassess my trading style and adjust it more towards volatile and high volume moves that I can play off with set r/r. Side note MNK faded all day. Was hesitant on entry past VWAP break as I felt that the short float was way too high and the risk for a squeeze was too much for me. Recent reflections and changes will need me to reassess how I trade small & mid/large cap. Might take more losses here and there but hopefully it'll all payoff in the long run.
Plays of the day NIHD, MNK, SNAP, AES, THC
NIHD took an entry wayyyy too early on this. Haven't been involved much in small cap land and lost sight of some of the rules I've previously set for myself. Saving grace in that I recognized bad movements in level 2 and cut early. Took a re-entry when it looked weak and setup in a better manner and took the meat of the move which was what I should've done in the first place.
MNK damnnnnn. Waiting to see what happens to this. Feels like a fader all day.
SNAP AES THC didn't do what I wanted so no entries.
Bonus off new setup ENPH. Was right at the point where I would have made an entry with this but got tempted away by MNK. Missed the quick move.
*Updates* Another pivoting point in my trading journey. Reflected on lots of things and how I should trade to fit my schedule and life rather than being steered into following others. Long held out trades were obviously not for me with my schedule so looking to reassess my trading style and adjust it more towards volatile and high volume moves that I can play off with set r/r. Side note MNK faded all day. Was hesitant on entry past VWAP break as I felt that the short float was way too high and the risk for a squeeze was too much for me. Recent reflections and changes will need me to reassess how I trade small & mid/large cap. Might take more losses here and there but hopefully it'll all payoff in the long run.
Subscribe to:
Comments (Atom)