Okay day but definitely underperformed.
$TOP had I nice PM long on when it formed a short trappy structure. Made 3R there and was planning to hit the short at the open. 7.5 swipe was perfect but I simply hesitated. Oh well.
$INBS I was too early on trying to short against the 2/2 gap day and then missed the afternoon short as it wasn’t as clean. Lost 1.1R there.
Painful day. After all day of staring at the screens I made exactly nothing after fees.
Started with 2 small losses in PM on $BETS and $HKIT and then missed everything at the open as I couldn’t make sense of that PA. There was still a lot of meat on the bone as all those stocks were still up big % so was focused on the backside
Was super patient on $HKIT and got amazing entries and adds. Pyramided so well and decided to hold til eod because the last time when TPST happened the next day all gappers closed very weak. Welp only covered 1/3 under 3 and cut at the exact top. Dumb emotional cut. Gave back a ton there. It what it is.
$HOLO was another nice backside short. Pure clownery how it flew out of nowhere and stopped me. Can't do anything there so wasn't a mistake.
Haven't posted in a while but will do today after a 1k% runner.
$HOLO black swan move after an effortless fade yesterday on a 0.3M floater. What a coincidence. Traded well and took my Ls. Total loss was -3.6R.
First, got a very nice PM short that I covered for a 1R gain and planned to use it as a cushion for the main short after the open.
It did exactly what I envisioned and cleared PMH, but ofc my hotkey decided to malfuction when I clicked it over $4. Got super mad and entered on the bounce at 3.7 where confirmation wasn't there. Had big size and got stopped. Zero regret.
Afternoon attempts were more for fun than anything else. Used small size there.
Overall, glad to come out of this with a manageable loss that can and will be recovered in one normal win. I don't hate such days because we all know what days are likely to come after a huge runner. Moving on.
$RVSN -1.8R
Just when I thought I was about to get a great trade it came all the way back and flew. Pretty sad but fully my fault. Not an ideal setup that gave me 4-5R+ fade, and I didn't take it. Not much else to say here. Maybe one day I will learn to take my profits.
$SPRC -0.6R
Had the right idea but again was a bit too early. Saw the bottoming after and almost reentered in low 5s. Great move there. Had no real spots for a short.
$RVSN ≈ 4R unrealized
Overextended gap down after a huge day yesterday. Was pretty spready at the open so couldn't get an entry. Set an alert just in case it would come back and when it did, I waited for some aggressive liquidity move, and exactly that happened. Every single short got stopped over r/g, and that's why I went in. Took a starter and quickly added. Added more into a bounce. Swinging for under $5.
$RVSN - 1.8R
Day 2 Short. Took a cut on a starter and then got very great entries on a lower high. Sadly big picture breakout chart didn't let it fade. Glad I took that into consideration and didn't add. Losing under 2R on this setup is a win for me.
$ENSC -1.7R
1. PM long with the right idea but again too tight of a risk made me get stopped before it worked.
2. Day 1 Short into the backside clearout. The setup wasn't great given the low % gap, so I was only interested it it had a big liquidity move above 1.7. Patiently waited and had good entries risking wider than usual which saved me into those pushes. Had a nice crack where I added moving risk down but sadly it had to make one last squeeze before fading to where I wanted. Just unfortunate. Satisfied with the trade as I executed it pretty well.
I feel that man. Those covers that I had were only for 1/2 which isn’t acceptable given it did reach my target (5m200ema). But even in cases when like you said it’s very close to my target I tend to be stubborn and hold. I think the key is to be more patient when volume is good and be more proactive on covers when volume is dry like this scenario. At 1.8 when I had the 2nd cover, there was a huge 50k ask pushing it down when it got taken, I knew most likely that was the button but still held… Good lessons though.
$RVSN +3.5R
Great execution on the first part of the trade but not on the second. Had a plan to enter over 2.4 or 2.7-2.8, and stayed patient. When it broke highs at 10:53 and then failed to push higher on a secondary attempt, I shorted at 2.42 and then added at 2.31. Clear backside structure with higher lows making it looks perfect for longs. Sure enough it cracked.
Then I became unreasonably greedy with my covers and covered only 1/2 at the right spots and just held the rest. Ended up covering in high 2.1s and giving back 2R. Main lesson here is that on low volume fades I always need to be proactive on covers especially when the setup itself isn't super ideal.
$AGFY +6.4R
Only trade of the day and finally an A+ gapper that pushes at the open. Got great entries but sadly didn't get 2R risk like I wanted but won't complain about a 6R+ gain. More of these please🤞
$ZVSA cute chart but no size😪Hard to get proper size when it dumps with no bounces to add.
$BFRG not ideal setup at all but was worth one attempt, which I don't regret.
Finally we have a gapper that doesn't die at the open, and ofc I take a trade on it. No worries, I’ll sacrifice myself to end this stupid cycle. $AUVI -1.2R