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.

No comments:

Post a Comment