Decent trade logic , but overall relatively poor performance, however I had a specific goal & I was trading with hyper caution & tight stops to not end the month under my first goal which I’d reached & without giving back any significant profit proportionate to my current performance. This…
Month: June 2022
Trade Journal | 6.28.2022 | Tue. | $7.08
Did not follow regular routine for day, woke up late with no plan to trade, Happened to have the charts open from having been looking into futures the day before (the day I got called by TD Ameritrade agent letting me know that site was going to be changing to…
Trade Journal | 6.22.2022 | Wed. | -$6.09
Overall poor performance, had the thought during pre market charting that this was maybe a no trade day, though I’ve not really taken such days, but if ever were a day for me to not trade it was today: I didn’t see many compelling setups in the premarket, which should…
Charting Journal | 6.22.2022 | Wednesday
Most sectors gapping down, everyone except potentially consumer discretionary which looks like it will open flat. Each sector rebounded yesterday, but all on relatively weak volume. /ES has almost given back all of its gains from yesterday already in premarket & is approaching significant 3700 level for it’s now 4th…
Trade Journal | 6.21.2022 | Tue. | $3.35
Good plays outweighed bad, but bad play was disproportionately larger than good. Also, was down bad & should have given more stock perhaps to walking away, but it worked out today. Writing this journal day after the fact, need to do better about at least noting thoughts down immediately after…
Charting Journal | 6.21.2022 | Tuesday
Spent the morning restructuring remainder of chart layouts. Was able to look at charts in doing this but not as thoroughly as usual morning game plans. Most indicie & sectors seeing gap up & there seems to be strength holding in /ES. Information technology looks promising, as well as communication…
Charting Journal | 6.19.2022 | Sunday
Determining how to build layout for sector charts, & how to begin incorporating names with high option volume into daily routine. Strategy is to begin trading names with high option activity, but trading the shares of those names, until perhaps sometime next year where I’m in a place that employing…
Charting Journal | 6.17.2022 | Friday
Criteria for Bear flag look to be forming on /ES daily, Massive volume sell off, brief consolidation & continuation looks imminent, though there is some recalcitrant strength to the upside today in what could manifest as a vicious relief rally. Caution, as always, must be exercised. Every individual is seeing…
Game Plan | 6.17.2022 | Friday
Information Technology Consistent grinding up after hours & pre market. /ES near critical 3700 level, if it can hold above this there may be no immediate obstruction for some upside flourishes to present themselves in this sector. ORCL | Approaching considerable 70 daily level. If market strength holds & name…
Trade Journal | 6.17.2022 | Fri. | $13.20
You were able to make a comeback, & of the poor trades you made, you also made one of your best trades to date. You executed on your resolve to hold trades until there were reasonable & measurable reasons to exit & while you took some pain from such rules,…
Charting Journal | 6.16.2022 | Thursday
Every sector has gapped down, /ES holding at significant 3700 level, demand seemingly absorbing enough supply to push price back up at this level Information Technology Bounced at old trendline that had formed wedge, Gapped down overnight, showing tepid strength in premarket, but /ES holding above key level could encourage…
Game Plan | 6.16.2022 | Thursday
Information Technology Bounced at old trendline that had formed wedge, Gapped down overnight, showing tepid strength in premarket, but /ES holding above key level could encourage demand here. Could be day of churning. ORCL | Gapped down & holding just below hourly level. Below is considerable gap area & this…
Trade Journal | 6.16.2022 | Thu. | $13.70
Great home depot trade, & potential for what should have been great NVDA trade but weenied out. Luckily made back what you lost, but there shouldn’t have been a loss in the first place. this was a perfect example of where rules of conviction & specific rules for when to…
Trade Journal | 6.15.2022 | Wed. | $3.89
It’s almost not worth taking sub bar setups, or if you’re going to take them just go light. It’s well enough that you’re still in a relatively experimental phase & are still teasing out your style & the market you’re in, but when there are not clear cut setups, you’re…
Charting Journal | 6.15.2022 | Wednesday
Jesus, Utilities dumped even more. Just another fine example that there is no such thing as stock or even a sector that has “fallen too far it has to bounce.” This was one of the sectors I neglected to watch for trading yesterday because this, even if subconsciously, was what…
Game Plan | 6.16.2022 | Wednesday
Information Technology MSFT | Looking like it will open close to significant daily level, nor far above is a gap zone. Showing premarket strength, there has been a gap up. If stock can hold above 160 & showcase meaningful demand, then this looks like a promising play to the upside.…
Trade Journal | 6.14.2022 | Tue. | -$2.10
You must implement candle closing rule at levels. You keep getting shaken out of reasonable trades. There will inevitably be times when it works against you, but it will be balanced out by the times it works for you. You must exercise some sort of objective methodology. Relatively poor performance…
Charting Journal | 6.14.2022 | Tuesday
Officially in bear market territory. My First real bear market if this continues to play out. Head & Shoulders on the indices seems to have played out almost text book. TAST insight was eerily accurate. We’ve reached minimum of measuring rule, likely to see more. Utilities got absolutely ravaged yesterday…
Game Plan | 6.13.2022 | Monday
Information Technology As a sector, clear down trend, same as everything else. Looks to be within downward channel now. Wedge did form in the bast, was broken out of but momentum was not maintained. Gap down from Thursday to Friday & now looking to be another gap down today. Could…
Charting Journal | 6.13.2022 | Monday
Carnage across the board. /ES deliberating at significant 3800 level now & almost every S&P sector index has gapped down with the exception of materials, which had an initial gap down but has recovered and looked like will open at or potentially above Friday’s close. Bitcoin is dying, GXBT now…