Well, 2 weeks of bizarre price action came to a head and I, like most was left with no where to hide and took a lot of risk off. Im left licking my wounds but thinking clearly. I am not in a hurry to pile back into stuff now but remain vigilant with keeping finger on the pulse.
$DOCN violent? Yes, but trading inside Thursdays candle. Held the breakout level on closing basis, volume wasnt notable. Nothing wrong here in my opinion. Like this to tighten up here but looks good
$TWLO much like $FROG just holding its own so well up here. Wanted to go green yesterday before wheels fell off market at the end. Like this one for higher if market stabilizes.
$MXL was able to hang onto this one. Was likely addable today but im in prove it mode in the fringe names. Have a decent position. Would add on move up out of flag but likely not before. Solid RS early here
$BW looks good in hind sight. Didnt take this in real time. Was sloppy most of the day. LOD stop wasnt a reasonable option so I let it go. If it goes, it does without me now
$OSCR took on the turn near 21 day last week. blew me out next day then had a 2nd close below 21 day. Id take that trade all day and id take the stop all day. Then gaps right off the lows. I call this random price action. Its going to happen and I wouldnt have handled differently
$UMAC its a high ADR names things feel violent both names but man if this somehow retraces and you get a weekly breakout retest, A+ set up. Still sort of in no mans land. Generally these mega base breaks dont fail immediately
$COCO didnt take today but this really is my bread and butter (similar to $TWLO) big move then orderly pull back into 21 day. On watch for tomorrow. Shout out to @11dbrowns for bringing this to my attention earlier in day
$MXL new one today bought about middle of todays range. QUickly reminded why I need to stick to my bread and butter set up of buys off the 21 day. Still in the trade but in a tricky spot now