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.
Monday, 26 February 2018
Day 16
Plays of the day SNAP, OSTK, UA, TWLO, NIHD, NXTD
Slow is the name of the market this past few days.
NIHD, NXTD, TWLO did nothing.
UA impromptu trade plan basing off SPY action and intraday setup. Not unhappy with the trade, didn't work out and cut for very small loss. Meh.
OSTK was looking at this right at the point where it would've paid out but wouldn't have been comfortable with the entry anyway. Made entry again and took small profit. With chart movement now possibly not gonna be interested anymore.
SNAP this is just lol. Gonna keep looking and see what happens
*Updates* Very slow markets right now. Plans aren't really panning out with such market action. Gonna spend sometime to understand how I can adapt my plans to this type of markets. Missing the good old "SPY wash every single day" type of market condition now.
Slow is the name of the market this past few days.
NIHD, NXTD, TWLO did nothing.
UA impromptu trade plan basing off SPY action and intraday setup. Not unhappy with the trade, didn't work out and cut for very small loss. Meh.
OSTK was looking at this right at the point where it would've paid out but wouldn't have been comfortable with the entry anyway. Made entry again and took small profit. With chart movement now possibly not gonna be interested anymore.
SNAP this is just lol. Gonna keep looking and see what happens
*Updates* Very slow markets right now. Plans aren't really panning out with such market action. Gonna spend sometime to understand how I can adapt my plans to this type of markets. Missing the good old "SPY wash every single day" type of market condition now.
Day 14 - 15
Recording way past due.
Day 14
Took couple of small losses but bad ones. Took a step back to refresh myself
Day 15
Plays of the day FOSL, SNAP & 1 more that I forgot.
All the above made decent entries and stuck to plan. None of them worked out so cut for small loss. Overall not a bad day.
Day 14
Took couple of small losses but bad ones. Took a step back to refresh myself
Day 15
Plays of the day FOSL, SNAP & 1 more that I forgot.
All the above made decent entries and stuck to plan. None of them worked out so cut for small loss. Overall not a bad day.
Wednesday, 21 February 2018
Day 13
Plays of the day FOSL, OSTK, UA, SNAP
FOSL " Huge short float, no need to be early wait for good squeeze into levels for test" Literally what was on my screen and I FOMOed my initial entry. Cut losses quickly but was downhill from there. Didn't follow my plan took 2 other re-entries that were good but got scared out on the payout. So bad.
OSTK still watching. Could be interesting. Took small move, could've been more patient but way past the time I had left to trade today and was feeling slightly perturbed by my mistakes today so gonna step away now.
SNAP was a last minute notice type play. Hit a level I previously was interested in and just faded. Nothing I could've capitalized on with a plan but could be interesting the next few days.
UA lol what. That's all I have to say for this.
FOSL " Huge short float, no need to be early wait for good squeeze into levels for test" Literally what was on my screen and I FOMOed my initial entry. Cut losses quickly but was downhill from there. Didn't follow my plan took 2 other re-entries that were good but got scared out on the payout. So bad.
OSTK still watching. Could be interesting. Took small move, could've been more patient but way past the time I had left to trade today and was feeling slightly perturbed by my mistakes today so gonna step away now.
SNAP was a last minute notice type play. Hit a level I previously was interested in and just faded. Nothing I could've capitalized on with a plan but could be interesting the next few days.
UA lol what. That's all I have to say for this.
Tuesday, 20 February 2018
Day 12
Plays of the day FOSL, UA, OSTK, TRIP, AMAG
Great to be back refreshed and more focused.
UA FOSL pretty much entered the same way. Entries could have been more patient to let levels test a bit more but nevertheless followed the plan and understood why I was in it. Reversed and cut both for small loss. Gonna watch for a bit longer.
OSTK no entries yet. On the verge of being interesting but no entries until move is confirmed.
AMAG whew. Probably not gonna be interested in this today. Watch for the next few days?
TRIP was not really interested in this but wanted to keep an eye out. So far nothing that I could have been part of with my plan so meh.
*Updates* Re-entry on FOSL according to plan and took meat of the move. Faded even more but wouldn't have wanted to wait that long with my current schedule. All in all, apart from being more patient with initial entries, was a good day.
Great to be back refreshed and more focused.
UA FOSL pretty much entered the same way. Entries could have been more patient to let levels test a bit more but nevertheless followed the plan and understood why I was in it. Reversed and cut both for small loss. Gonna watch for a bit longer.
OSTK no entries yet. On the verge of being interesting but no entries until move is confirmed.
AMAG whew. Probably not gonna be interested in this today. Watch for the next few days?
TRIP was not really interested in this but wanted to keep an eye out. So far nothing that I could have been part of with my plan so meh.
*Updates* Re-entry on FOSL according to plan and took meat of the move. Faded even more but wouldn't have wanted to wait that long with my current schedule. All in all, apart from being more patient with initial entries, was a good day.
Friday, 16 February 2018
Day 11
Plays of the day FOSL, TRIP, MBRX, UA, OSTK, AMAG
TRIP took a hit on this and learnt a good lesson. Took an initial entry before it showed weakness with plan on risking off HODs. Better plan would have been to wait for weakness before entry. Not too bugged out by this as I actually considered between the 2 options at that point due to uncertainty and decided to go ahead with the entry with said risk and exited when it didn't work out. Key takeaway from this is to wait for weakness rather than arbitrarily taking entries anticipating a HOD rejection. Missed the subsequent entry that worked exactly as planned but doubt that I would have taken the entry given the short amount of time in which the stock reversed. More reviews and lessons to be learnt from this trade.
MBRX did I mention this to be a shitbag earlier? Well it still is and hasn't moved in anyway interesting just yet much like the other 2. Patience.
UA faded today but didn't want to be on the frontside of this. May be interesting for watch.
AMAG frontside move. Took an entry when it showed some weakness and cut when it reversed. Overall nothing i'm too unhappyabout on this except maybe could have been more patient with my exits since the price action hasn't really reversed on me yet and seems to be working out well after my exit. Level 2 had strong indication of reversal and re-entries can always be made if it starts working out. DO NOT FOMO ENTRIES OR FORCE TRADES TO WORK.
OSTK frontside much like AMAG and played out as planned but didn't take entry as I was looking at TRIP and FOSL. Pity.
FOSL looked at it and thought that it would move like it did yesterday due to a similar setup forming but didn't so lost interest.
*Updates* Big picture plays man. Work needs to be done on my ability to understand how the charts are playing out relative to the big picture and whether or not I should be in it. No big losses but many unnecessary ones.
*Updates on Updates* Hindsight review. 2 semi-backside plays and 1 frontside play but managed to screw myself over on all of it. Not gonna blame anyone but myself for losing sight of the big picture play. Initial entry on TRIP could have been much better as previously mentioned. Wait for more signs of weakness before entering instead of taking an anticipatory FOMO entry. Whole reason why I looked towards mid/large caps over small caps was that moves have more potential to set up again after confirmation of move. Second entry on TRIP turned out to be the payday that I missed. Mixture of emotions from my first entry and AMAG play together with possibly some fatigue caused me to panic out before any real reversal occurred. Overall bad trade with a lot more to work on. FOSL this setup the way I planned rather than setting up separately intraday albeit much later than usual. Could have been a great entry and payout but missed it while I was busy fumbling around trying to regain composure and understanding of the edge I was trading by. AMAG wasn't too unhappy about this. Had a plan that showed strong weakness but reversed on me. Recognized the reversal on level 2 and made a good exit so good trade overall. OSTK was looking at other plays right as I saw this test levels I was interested in. Would have been the perfect entry and payout but missed it and did badly on the rest. So much more work to be done over the long weekend before market open next week.
TRIP took a hit on this and learnt a good lesson. Took an initial entry before it showed weakness with plan on risking off HODs. Better plan would have been to wait for weakness before entry. N
MBRX did I mention this to be a shitbag earlier? Well it still is and hasn't moved in anyway interesting just yet much like the other 2. Patience.
UA faded today but didn't want to be on the frontside of this. May be interesting for watch.
AMAG frontside move. Took an entry when it showed some weakness and cut when it reversed. Overall nothing i'm too unhappy
OSTK frontside much like AMAG and played out as planned but didn't take entry as I was looking at TRIP and FOSL. Pity.
FOSL looked at it and thought that it would move like it did yesterday due to a similar setup forming but didn't so lost interest.
*Updates* Big picture plays man. Work needs to be done on my ability to understand how the charts are playing out relative to the big picture and whether or not I should be in it. No big losses but many unnecessary ones.
*Updates on Updates* Hindsight review. 2 semi-backside plays and 1 frontside play but managed to screw myself over on all of it. Not gonna blame anyone but myself for losing sight of the big picture play. Initial entry on TRIP could have been much better as previously mentioned. Wait for more signs of weakness before entering instead of taking an anticipatory FOMO entry. Whole reason why I looked towards mid/large caps over small caps was that moves have more potential to set up again after confirmation of move. Second entry on TRIP turned out to be the payday that I missed. Mixture of emotions from my first entry and AMAG play together with possibly some fatigue caused me to panic out before any real reversal occurred. Overall bad trade with a lot more to work on. FOSL this setup the way I planned rather than setting up separately intraday albeit much later than usual. Could have been a great entry and payout but missed it while I was busy fumbling around trying to regain composure and understanding of the edge I was trading by. AMAG wasn't too unhappy about this. Had a plan that showed strong weakness but reversed on me. Recognized the reversal on level 2 and made a good exit so good trade overall. OSTK was looking at other plays right as I saw this test levels I was interested in. Would have been the perfect entry and payout but missed it and did badly on the rest. So much more work to be done over the long weekend before market open next week.
Thursday, 15 February 2018
Day 10
Plays of the day FOSL, CHGG, HTGM, ZN, IMGN
FOSL didn't get an entry like what I had planned but chart setup even further and showed a lot of weakness at level 2. Almost FOMOed a bit on the entry but managed to reclaim myself and waited a bit more for further confirmation before entry. Faded nicely off from entry and probably exited too early. Was seeing some levels hold and got too jittery with my position. Nice small profit and new experience gained in assessing plays and being flexible with entries on plays that did not setup as planned but setup separately with nice weak signals.
CHGG basically did not do anything i'm interested in, might lose interest in this.
HTGM ZN shitbag duo not doing anything i'm interested in just yet. Patience gonna be key for both of this.
IMGN meh.
*Updates* Took some time to review the way I've been trading the past few days and although I've been on point so far, the first 2 days was when I was most focused on the edge that I was looking for and entering trades that made sense. Couple of wins distorted my focus and although the following 2 days after weren't bad, I lost sight of my edge and ended up trying to make everything work as a trade for me. FOSL today wasn't a bad trade at all and may have added a new form of flexibility to my trading but looking back the CHGG trade yesterday wasn't so good. Making anticipatory entries on a trade that hasn't played out it's backside yet was terrible and coincidentally led to the incident I had with my position size on entry. Going to reorganize myself and enter the next day fresh with more focus. Key takeaway is the golden question of all: What's your edge?
FOSL didn't get an entry like what I had planned but chart setup even further and showed a lot of weakness at level 2. Almost FOMOed a bit on the entry but managed to reclaim myself and waited a bit more for further confirmation before entry. Faded nicely off from entry and probably exited too early. Was seeing some levels hold and got too jittery with my position. Nice small profit and new experience gained in assessing plays and being flexible with entries on plays that did not setup as planned but setup separately with nice weak signals.
CHGG basically did not do anything i'm interested in, might lose interest in this.
HTGM ZN shitbag duo not doing anything i'm interested in just yet. Patience gonna be key for both of this.
IMGN meh.
*Updates* Took some time to review the way I've been trading the past few days and although I've been on point so far, the first 2 days was when I was most focused on the edge that I was looking for and entering trades that made sense. Couple of wins distorted my focus and although the following 2 days after weren't bad, I lost sight of my edge and ended up trying to make everything work as a trade for me. FOSL today wasn't a bad trade at all and may have added a new form of flexibility to my trading but looking back the CHGG trade yesterday wasn't so good. Making anticipatory entries on a trade that hasn't played out it's backside yet was terrible and coincidentally led to the incident I had with my position size on entry. Going to reorganize myself and enter the next day fresh with more focus. Key takeaway is the golden question of all: What's your edge?
Wednesday, 14 February 2018
Day 9
Plays of the day CHGG, UA, IMGN, ZN, MAT
CHGG almost gave me a heart attack. Profited from the trade but totally did not deserve it. Chased entry slightly as I felt it was weak but was alright risking a little bit more. Adjustments was part of the plan (albeit impromptu) and wasn't the problem. Problem came when I decided to forget about adjusting my position size for entry on my window to a starter size and went in full size. Took me a whole 10 minutes to realize I was in full size and almost died. Luckily for me the stock was moving the way I wanted and quickly downsized for a good profit (basically profited off a mistake). Downsizing was the right thing to do but mistakenly entering at full size was and is EXTREMELY DETRIMENTAL. Some saving grace in the fact that I was calm and responded well in terms of downsizing and adjusting my risks to minimize potential losses while making me more comfortable with having an unintentionally large size. NEVER DO THIS AGAIN.
UA entered correctly, didn't move the way I wanted and cut. Good trade overall + happy that mistake on CHGG did not cause me to make mistakes on this as well.
ZN shitbag of the day and the first low float since the past week. Not doing anything i'm interested in being part of just yet.
IMGN was expecting more out of this but just grinding and doing nothing. Gonna let it play out and see what I want to do with this if anything at all.
MAT not doing much, gonna watch for a bit more. If nothing interesting happens, move on.
*Updates* FOSL damned good fade but didn't want to be involved in such a crowded trade, should be interesting to watch for the next few days.
*Updates on Updates* ZN joke of a stock, taking a leaf out of the CEO's book and praying that this goes upwards.
CHGG almost gave me a heart attack. Profited from the trade but totally did not deserve it. Chased entry slightly as I felt it was weak but was alright risking a little bit more. Adjustments was part of the plan (albeit impromptu) and wasn't the problem. Problem came when I decided to forget about adjusting my position size for entry on my window to a starter size and went in full size. Took me a whole 10 minutes to realize I was in full size and almost died. Luckily for me the stock was moving the way I wanted and quickly downsized for a good profit (basically profited off a mistake). Downsizing was the right thing to do but mistakenly entering at full size was and is EXTREMELY DETRIMENTAL. Some saving grace in the fact that I was calm and responded well in terms of downsizing and adjusting my risks to minimize potential losses while making me more comfortable with having an unintentionally large size. NEVER DO THIS AGAIN.
UA entered correctly, didn't move the way I wanted and cut. Good trade overall + happy that mistake on CHGG did not cause me to make mistakes on this as well.
ZN shitbag of the day and the first low float since the past week. Not doing anything i'm interested in being part of just yet.
IMGN was expecting more out of this but just grinding and doing nothing. Gonna let it play out and see what I want to do with this if anything at all.
MAT not doing much, gonna watch for a bit more. If nothing interesting happens, move on.
*Updates* FOSL damned good fade but didn't want to be involved in such a crowded trade, should be interesting to watch for the next few days.
*Updates on Updates* ZN joke of a stock, taking a leaf out of the CEO's book and praying that this goes upwards.
Tuesday, 13 February 2018
Day 8
Plays of the day MAT, TWTR, TRIP, IMGN
TWTR saw an interesting play form and took an entry, did not work out and cut. Problem was the sells were getting evaporated so quickly that I couldn't cut at a level desirable and took a larger loss than I would've liked. Small loss overall, seems to be reversing as well. Move on.
MAT nice play today. Patient with entry and faded nicely, took profits when key b/d level started to hold and SPY was kinda assisting the move up. Nice gain overall.
Everything else kinda reversed and didn't pan out as plan so no entries at all. Nothing unexpected. IMGN on the fence with regards to my interest in a play. Gonna sit back and let it play out more.
*Updates* Dang, hindsight review as always but MAT looking nice. Currently wondering whether I was just looking for signals to justify the profit taking after my bad exit on TWTR or if it was legitimately a good exit. Big picture play would have been to let levels test a bit more and reveal a bit more of the trend the price action is picking.
TWTR saw an interesting play form and took an entry, did not work out and cut. Problem was the sells were getting evaporated so quickly that I couldn't cut at a level desirable and took a larger loss than I would've liked. Small loss overall, seems to be reversing as well. Move on.
MAT nice play today. Patient with entry and faded nicely, took profits when key b/d level started to hold and SPY was kinda assisting the move up. Nice gain overall.
Everything else kinda reversed and didn't pan out as plan so no entries at all. Nothing unexpected. IMGN on the fence with regards to my interest in a play. Gonna sit back and let it play out more.
*Updates* Dang, hindsight review as always but MAT looking nice. Currently wondering whether I was just looking for signals to justify the profit taking after my bad exit on TWTR or if it was legitimately a good exit. Big picture play would have been to let levels test a bit more and reveal a bit more of the trend the price action is picking.
Monday, 12 February 2018
Day 7
Plays of the day ARRY, XL, TRIP, SNAP, TWTR
TRIP gem of the day which I would've gotten if i didn't convince myself out of the entry because I assumed it wouldn't tag the level. And of course 3 minutes later it tags and washes past a dollar a share. Damned pity.
ARRY didn't do well on this in terms of understanding the big picture play and kinda lost sight of the types of entries I was looking for relative to that. Took initial entry and cut when it didn't move the way I expected it to which was part of the plan and wasn't the problem. Problem was when it retested it HODs and I took an anticipatory fade entry even when overall chart was still trying to pick a direction. Only saving grace was that I actually had a plan and also the fact that I recognized the misplay kinda early and cut it. More work in terms of big picture play and patience with follow-up entries. Let levels test a bit more and show more favorable signs before entries rather than semi-FOMO into it. Small losses, big lessons. Learn, move on.
XL move that was captured well and according to plan.Was patient, took good entry and faded. Rest was history. Wanted to let it play out more but was looking and seeing SPY grind out and decided that 0.7 per share was enough for me. Once again fades even more w/o me. Still took meat of the move so no chip off my shoulder.
SNAP TWTR combining this 2 together again. Very hesitant to be in these 2 plays. Have plans for them but very cautious. Gonna track with SPY movement and see if anything that makes senses for an entry pops up.
*Updates* So many tickers holding key levels with SPY moving in confusing ways making it hard to place a finger on trades that are still worth looking at and those that are not. Gotta be careful in such conditions.
TRIP gem of the day which I would've gotten if i didn't convince myself out of the entry because I assumed it wouldn't tag the level. And of course 3 minutes later it tags and washes past a dollar a share. Damned pity.
ARRY didn't do well on this in terms of understanding the big picture play and kinda lost sight of the types of entries I was looking for relative to that. Took initial entry and cut when it didn't move the way I expected it to which was part of the plan and wasn't the problem. Problem was when it retested it HODs and I took an anticipatory fade entry even when overall chart was still trying to pick a direction. Only saving grace was that I actually had a plan and also the fact that I recognized the misplay kinda early and cut it. More work in terms of big picture play and patience with follow-up entries. Let levels test a bit more and show more favorable signs before entries rather than semi-FOMO into it. Small losses, big lessons. Learn, move on.
XL move that was captured well and according to plan.Was patient, took good entry and faded. Rest was history. Wanted to let it play out more but was looking and seeing SPY grind out and decided that 0.7 per share was enough for me. Once again fades even more w/o me. Still took meat of the move so no chip off my shoulder.
SNAP TWTR combining this 2 together again. Very hesitant to be in these 2 plays. Have plans for them but very cautious. Gonna track with SPY movement and see if anything that makes senses for an entry pops up.
*Updates* So many tickers holding key levels with SPY moving in confusing ways making it hard to place a finger on trades that are still worth looking at and those that are not. Gotta be careful in such conditions.
Friday, 9 February 2018
Day 6
Plays of the day XL, ARRY, TRIP, SNAP, TWTR
Great day today, stuck to the and plan things worked out well.
XL took an initial entry and cut when it didn't act the way I wanted for small loss but was within expectations. Cut however was not very educated in terms of understanding the way the chart was playing out but being able to cut when things do not work out is still a good mentality.Reviews however needed for a threshold level to look at o/u risk levels quick hindsight review, caught myself with FOMO thinking here trying to make every entry pay me. Need to keep in mind that it is alright to take losses and wait for another entry if it sets up, a play will again manifest where I can enter comfortably and if not move on.Took another entry as the stock is still acting well within plan. Remains to be seen what becomes of this.
ARRY was a great play. Took an initial entry which I cut for small loss when things weren't looking the way I wanted. Waited for further setup. Great entry partially attributable to my focus on the other 2 after my initial cut. Was very patient to wait for signs of weakness for an entry. Took profits around 0.5 dip that I actually did not have a reason to but overall a good trade.
TRIP picture perfect playing out according to plan. Took entry faded a dollar per share and took profits. And of course it fades another 0.5 and looks to be very weak but no chip off my shoulder. Took the meat of the move.
SNAP TWTR gonna combine both this together. Didn't have strong interest to play either of this today unless something really interesting occurred. Purely reactive as both looked crowded as heck. Gonna track this the next couple of days.
*Updates* Out all on XL, nice weak move. Possibly cut too early but no chip off my shoulder. Should be done for the day.
*Updates on Updates* XL oh my. Lots of retraces here and there with SPY washing and bouncing all sorts of directions. Gonna be careful with such volatility and thread carefully. Stick to the plan, understand the big picture play and assess how each stock is playing out relative to plan.
Great day today, stuck to the and plan things worked out well.
XL took an initial entry and cut when it didn't act the way I wanted for small loss but was within expectations. Cut however was not very educated in terms of understanding the way the chart was playing out but being able to cut when things do not work out is still a good mentality.
ARRY was a great play. Took an initial entry which I cut for small loss when things weren't looking the way I wanted. Waited for further setup. Great entry partially attributable to my focus on the other 2 after my initial cut. Was very patient to wait for signs of weakness for an entry. Took profits around 0.5 dip that I actually did not have a reason to but overall a good trade.
TRIP picture perfect playing out according to plan. Took entry faded a dollar per share and took profits. And of course it fades another 0.5 and looks to be very weak but no chip off my shoulder. Took the meat of the move.
SNAP TWTR gonna combine both this together. Didn't have strong interest to play either of this today unless something really interesting occurred. Purely reactive as both looked crowded as heck. Gonna track this the next couple of days.
*Updates* Out all on XL, nice weak move. Possibly cut too early but no chip off my shoulder. Should be done for the day.
*Updates on Updates* XL oh my. Lots of retraces here and there with SPY washing and bouncing all sorts of directions. Gonna be careful with such volatility and thread carefully. Stick to the plan, understand the big picture play and assess how each stock is playing out relative to plan.
Thursday, 8 February 2018
Day 5
Starting the day off with a healthy dose of PM FOMO. Damn.
Plays of the day. TWTR, SNAP, FOSL, TRIP, XL
XL did nothing. That's it.
TWTR I even wrote on my plans that I have no interest until backside of the move depending on how it plays out. Ended up getting in PM due to FOMO. Gets me EVERY SINGLE TIME. Really need to focus better.
SNAP had quite a similar plan as I had for TWTR. Currently grinding about as longs and shorts battle it out. Thinking of sitting this one out and coming back to it again next day after assessing how it plays out today.
FOSL gem 1 of the day. Plan worked well, entries made well, exits made well even though there was no reason to exit really. Good trade overall and might have even cut too early as it looks to break 8.5s.
TRIP gem 2 of the day. Worked exactly like FOSL did but did not enter like I did for FOSL which ironically was part of my plan, requires some review on my part. Did a MASSIVE wash that I would've liked to be a part of but missed it. Meh. Currently still in play and watching how the plan pans out.
*Updates* FOSL thatweakness massive understatement, WHEEEWW and DAMNNNNN. XL oh wow it's doing something? TWTR from NASA shuttle to titanic. TRIP took a smaller piece of the move but overall not too bad. Done for the day?
*Updates on Updates* XL turned out to be gem 3 but stepped away from the computer and missed the move. Pity, worked exactly like planned but so far still looks interesting. TRIP on hindsight review missing the entry on the first hard crack wasn't a bad decision, plan was very much intact and hard crack only further consolidated my conviction on the trade. FOSL was a way different monster from TRIP and level 2 just looked too weak around 8.9s prev top, didn't think it would hit 9.5s and decided to take an entry. Key is that level 2 gave the go signal and risk was very controlled since I waited for an entry.
Plays of the day. TWTR, SNAP, FOSL, TRIP, XL
XL did nothing. That's it.
TWTR I even wrote on my plans that I have no interest until backside of the move depending on how it plays out. Ended up getting in PM due to FOMO. Gets me EVERY SINGLE TIME. Really need to focus better.
SNAP had quite a similar plan as I had for TWTR. Currently grinding about as longs and shorts battle it out. Thinking of sitting this one out and coming back to it again next day after assessing how it plays out today.
FOSL gem 1 of the day. Plan worked well, entries made well, exits made well even though there was no reason to exit really. Good trade overall and might have even cut too early as it looks to break 8.5s.
TRIP gem 2 of the day. Worked exactly like FOSL did but did not enter like I did for FOSL which ironically was part of my plan, requires some review on my part. Did a MASSIVE wash that I would've liked to be a part of but missed it. Meh. Currently still in play and watching how the plan pans out.
*Updates* FOSL that
*Updates on Updates* XL turned out to be gem 3 but stepped away from the computer and missed the move. Pity, worked exactly like planned but so far still looks interesting. TRIP on hindsight review missing the entry on the first hard crack wasn't a bad decision, plan was very much intact and hard crack only further consolidated my conviction on the trade. FOSL was a way different monster from TRIP and level 2 just looked too weak around 8.9s prev top, didn't think it would hit 9.5s and decided to take an entry. Key is that level 2 gave the go signal and risk was very controlled since I waited for an entry.
Wednesday, 7 February 2018
Day 4
Plays of the day QTNT, OCLR, FOSL
Gonna be a short day today due to a schedule,
OCLR waited for a good entry which was good, but hesitated to take an entry. Chart and tape was practically screaming weak and I was still uncertain. And of course it cracks nicely. Meh until something interesting piques my interest but most likely a lost opportunity already.
QTNT so far not too bad. Left only to see whats to come of this.
FOSL was not actually expecting it to come so close to what I had planned for it seeing that it used to be a large cap and likes to grind all day. Wouldn't have entered anyway since it didn't reach the levels I was interested in. Probably a meh for the rest the day.
*Updates* $DRYS whew every time I see this up. Lol.
*Updates on Updates* QTNT Cut early due to time constraint. But pretty much a decent trade entered, worked and took profits the way I wanted. OCLR missed out on entry but wasn't too bummed out about it. Played out in an interesting way might have a good play tomorrow. FOSL interesting is all I have to say about this.
Gonna be a short day today due to a schedule,
OCLR waited for a good entry which was good, but hesitated to take an entry. Chart and tape was practically screaming weak and I was still uncertain. And of course it cracks nicely. Meh until something interesting piques my interest but most likely a lost opportunity already.
QTNT so far not too bad. Left only to see whats to come of this.
FOSL was not actually expecting it to come so close to what I had planned for it seeing that it used to be a large cap and likes to grind all day. Wouldn't have entered anyway since it didn't reach the levels I was interested in. Probably a meh for the rest the day.
*Updates* $DRYS whew every time I see this up. Lol.
*Updates on Updates* QTNT Cut early due to time constraint. But pretty much a decent trade entered, worked and took profits the way I wanted. OCLR missed out on entry but wasn't too bummed out about it. Played out in an interesting way might have a good play tomorrow. FOSL interesting is all I have to say about this.
Tuesday, 6 February 2018
Day 3
Plays of the day TWTR, EBAY, MAT, ENPH
TWTR short once cut, short twice cut, short thrice payout. Overall good trade, kinda thinking about revising early entries on market open test towards levels i'm interested in. No reason to be too early for mid/large caps. Following such a logic, first short loss would have been unnecessary while second entry and cut was perfectly fine and within plan but overall small losses leading to large payout so no chip off my shoulders. Third entry was the payout but took profits WAYYYYY too soon. Should have known it would fade this much more when markets are this far down as of recent (plus the graveyard cliff dive of ETNs and ETFs).
EBAY something about this stock and me missing entries and payouts. Was kinda unhappy with my initial entry on this as I wanted it to play out more before entering. FOMO got the best of me and entered. Some respite in the fact that I got in on the price I wanted instead of FOMO chase for both TWTR and EBAY which was a nice change from yesterday. Small cut from initial entry and was looking for second entry but was too focused on TWTR. And what do you know, it cracks exactly the way I wanted. Didn't get paid out on a plan that worked perfectly, meh. Initial entry that wasn't in line with plan, that's bad, change.
MAT following my revised approach on initial entries this would have been a good opportunity but too preoccupied with TWTR and EBAY. Big picture play not yet manifested so kinda meh on missing out on this move. Gonna see what becomes of this stock.
ENPH nothing interesting happened. That's it.
*Updates* What a day, SPY flying all over the place, ETNs, ETFs, BTC cracking and all that good stuff. Gonna tread carefully the next few days. Either way day wasn't bad overall. As mentioned, mid/large caps gonna give it time to test my entry levels rather than diving into entries at market open. Small losses can add up too. TWTR took profits way too quickly, big picture play and understanding movement in chart price action is critical to making good exits for profits or losses. Did well on entries, cutting losses and EXCEPTIONALLY well on minimizing gains. Also, using SPY to guide entries on the first 30 - 50 minutes of market open should do me well in such a market condition. MAT missed the move I was looking for but big picture play was 16 crack, didn't do it and most likely wouldn't anytime soon, meh, move on. ENPH did nothing whole day but looks interesting if I had more time to play this next day but probably gonna be a meh for me.
TWTR short once cut, short twice cut, short thrice payout. Overall good trade, kinda thinking about revising early entries on market open test towards levels i'm interested in. No reason to be too early for mid/large caps. Following such a logic, first short loss would have been unnecessary while second entry and cut was perfectly fine and within plan but overall small losses leading to large payout so no chip off my shoulders. Third entry was the payout but took profits WAYYYYY too soon. Should have known it would fade this much more when markets are this far down as of recent (plus the graveyard cliff dive of ETNs and ETFs).
EBAY something about this stock and me missing entries and payouts. Was kinda unhappy with my initial entry on this as I wanted it to play out more before entering. FOMO got the best of me and entered. Some respite in the fact that I got in on the price I wanted instead of FOMO chase for both TWTR and EBAY which was a nice change from yesterday. Small cut from initial entry and was looking for second entry but was too focused on TWTR. And what do you know, it cracks exactly the way I wanted. Didn't get paid out on a plan that worked perfectly, meh. Initial entry that wasn't in line with plan, that's bad, change.
MAT following my revised approach on initial entries this would have been a good opportunity but too preoccupied with TWTR and EBAY. Big picture play not yet manifested so kinda meh on missing out on this move. Gonna see what becomes of this stock.
ENPH nothing interesting happened. That's it.
*Updates* What a day, SPY flying all over the place, ETNs, ETFs, BTC cracking and all that good stuff. Gonna tread carefully the next few days. Either way day wasn't bad overall. As mentioned, mid/large caps gonna give it time to test my entry levels rather than diving into entries at market open. Small losses can add up too. TWTR took profits way too quickly, big picture play and understanding movement in chart price action is critical to making good exits for profits or losses. Did well on entries, cutting losses and EXCEPTIONALLY well on minimizing gains. Also, using SPY to guide entries on the first 30 - 50 minutes of market open should do me well in such a market condition. MAT missed the move I was looking for but big picture play was 16 crack, didn't do it and most likely wouldn't anytime soon, meh, move on. ENPH did nothing whole day but looks interesting if I had more time to play this next day but probably gonna be a meh for me.
Monday, 5 February 2018
Day 2
Plays of the day TWTR, MAT, EBAY, QNST, BSPM.
TWTR, had a 2-part plan, first part didn't work completely, cut for small loss, good trade overall. On hindsight review could've done much better. Upward move was not at all unexpected to me, was looking at 2 levels for entry on potential short exhaustion, 1 didn't work and 1 did but main point was that I didn't adhere to my plan completely. Definitely need to improve on big picture view of how the trade is playing out relative to my plans. Also, more reviews to be made on the difference support and resistances have on large/mid cap stocks as compared to small caps.
MAT, had a plan, worked exceptionally well, decided to focus on a dollar value profit again instead of playing off the chart, allowed the price action to reverse against me more than I would have if I were playing off the chart. Some saving grace in the fact that I cut before it reversed even more but could work more on trading the play rather than off P/L.
QNST, didn't want to be early on this as I couldn't really find a stand to approach this trade on so settled for a 12 b/d play. So far grinding about 12 and not doing much. Kinda meh about looking at this, might not be interested anymore.
EBAY, was hoping for parabolic towards 45/45.5 for entry with 44 crack as confirmation move downwards but ended up peaking below prev close and kinda fading away. Playing around 44 looking weak so far, in currently for 44 b/d play. Got scared out with minor grind possibly due to MAT play + FOMO entry to a certain extent. Entry was at 44 exact b/d level which was not at all the level I was looking at to play off for 44 b/d and once again play worked out right after I closed. Another area to review, being patient on entries at the exact levels that i'm looking at, not chasing due to FOMO and being alright on missing initial entries.
BSPM, shit company that got me squeezed last Friday. Meh on this unless parabolic towards 6. A stretch but shitty price action on a shitty stock kinda balances it out right?
*Updates* QNST did what I wanted but took the whole day to do it. Meh. BSPM trash stock didn't hit stretch level I was looking for but moved according to logical levels today? Faded no longer interested. Lesson learnt, move on. EBAY what a MASSIVE fader, cracked 44 faded more than a dollar half (1.60 to be exact) big picture play got messed up due to my slight misplay on MAT. Damn missed the payout twice on this stock.
*Updates* QNST did what I wanted but took the whole day to do it. Meh. BSPM trash stock didn't hit stretch level I was looking for but moved according to logical levels today? Faded no longer interested. Lesson learnt, move on. EBAY what a MASSIVE fader, cracked 44 faded more than a dollar half (1.60 to be exact) big picture play got messed up due to my slight misplay on MAT. Damn missed the payout twice on this stock.
Friday, 2 February 2018
Day 1
Just gonna be a personal diary to track my progress with trading.
Shitty day.
Trades of interest were $BSPM and $EBAY. RIGHT off the bat did not follow my plan well with $BSPM. Took PM starter at 3.6 as I felt level 2 was weak and was comfortable with it testing 4s where I would add to my starter. Right into open, genius me decided to add twice the size at 3.6 w/o any reason. Spiked to 4, expected right? Added small like I planned at 4, and genius me decided 5 minutes after first add at 4 to add AGAIN for no reason. Price action tested 4.2s broke and cut losses. One would think I would take a step back and let the chart play out since the plan did not follow through as I thought it would. Genius me for the 3rd time decides once again to be a fortune teller predicting 4.3s to be the top, started, got scared out and cut losses at 4.4s.
$EBAY. This went exactly the way I wanted but my emotions from $BSPM caused me to stop out of the trade for no reason. Started 45.9 risk o/u previous close. faded and broke VWAP. No reason to sell and if anything i should be adding pops with risk on entry and letting the trade work. Too much emotions from $BSPM led to emotional cover for no reason.
Doubled losses for no reason. Wtf is wrong with me.
*Update* $EBAY at 45.65 huge bid propping around that area soaking, if grinding carries on would have been the right time to cover some. Damn. Not feeling too good about myself today, just gonna step back and watch. Definitely gonna do something stupid if I enter another trade today.
*Updates on Updates* EOD $EBAY faded the whole day, probably wouldn't have held through the whole day but definitely would have took profits around 45s grind for a 0.90 profit. $BSPM, could've had a minor loss but looking interesting for a 4 b/d play next week. $QNST, wasn't really looking to play this but turned out to be the best play off them all faded more than a dollar per share. $TWTR was kinda looking into it but long biased as I didn't want to be on the front side of the short on this. Plan was more squeeze to break prev day highs or even 30 daily resistance or a short on parabolic towards 30s. Couple of long opportunities on the bounce off 26 daily support but was not in the right frame of mind from the $BSPM trade but could be interesting for next week if price peaks out at 26 for further fade.
Shitty day.
Trades of interest were $BSPM and $EBAY. RIGHT off the bat did not follow my plan well with $BSPM. Took PM starter at 3.6 as I felt level 2 was weak and was comfortable with it testing 4s where I would add to my starter. Right into open, genius me decided to add twice the size at 3.6 w/o any reason. Spiked to 4, expected right? Added small like I planned at 4, and genius me decided 5 minutes after first add at 4 to add AGAIN for no reason. Price action tested 4.2s broke and cut losses. One would think I would take a step back and let the chart play out since the plan did not follow through as I thought it would. Genius me for the 3rd time decides once again to be a fortune teller predicting 4.3s to be the top, started, got scared out and cut losses at 4.4s.
$EBAY. This went exactly the way I wanted but my emotions from $BSPM caused me to stop out of the trade for no reason. Started 45.9 risk o/u previous close. faded and broke VWAP. No reason to sell and if anything i should be adding pops with risk on entry and letting the trade work. Too much emotions from $BSPM led to emotional cover for no reason.
Doubled losses for no reason. Wtf is wrong with me.
*Update* $EBAY at 45.65 huge bid propping around that area soaking, if grinding carries on would have been the right time to cover some. Damn. Not feeling too good about myself today, just gonna step back and watch. Definitely gonna do something stupid if I enter another trade today.
*Updates on Updates* EOD $EBAY faded the whole day, probably wouldn't have held through the whole day but definitely would have took profits around 45s grind for a 0.90 profit. $BSPM, could've had a minor loss but looking interesting for a 4 b/d play next week. $QNST, wasn't really looking to play this but turned out to be the best play off them all faded more than a dollar per share. $TWTR was kinda looking into it but long biased as I didn't want to be on the front side of the short on this. Plan was more squeeze to break prev day highs or even 30 daily resistance or a short on parabolic towards 30s. Couple of long opportunities on the bounce off 26 daily support but was not in the right frame of mind from the $BSPM trade but could be interesting for next week if price peaks out at 26 for further fade.
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