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.

No comments:

Post a Comment