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.
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