Not a ton on watch tonight
I think most will come in the AM off scans
Market has been nice recently – decent number of opportunities but there are pros and cons.
I’ve been focused on these sub .50 lay ups and TTOO types NVOS etc. but missing some serious big trades on the macro market ie: SPY IONQ etc.
But, over all I feel a lot less FOMO these days without having 200-500% winners left and right feeling like you’re only getting a small piece of the pie. It’s still been hard to size small caps — and I actually think today that’s probably been my issue. I always try to max size what I can on names but I think I’d actually just do better with less and letting them work. So many are working but not without 25 gut checks through the day, those gut checks are nothing if less size. On size, you’re hyper focused.
TTOO was great NVOS turned out great but I really over focused and traded what I wanted vs. what it was doing today.
I saw the soak but I stayed short anyway because I was going to make .10 on the downside and I wasn’t accepting less I saw the soak sub .18 then .18 then .185 .19 etc started to try to cover and kept missing. I had an hour to cover but over held and stopped flat for safety. Fortunately got a big re scale opp and took full advantage.
Main Watches:
DLO higher better possible $18 range fade if $20+ fails to follow through
TTOO higher better — possibly blow out more shorts and fade. SECOND trade I am prepared for – any gap that FLUSHES and holds oddly well, I’d consider long. I feel like we’ll get a battle here and can still do wild moves.
NVOS higher better vs. .20s
Failed Follow Through:
IONQ higher better unwind
DBGI higher better for unwind
Continuation:
EZFL weak open for break out
HKIT watching for blow out / exchange and the day it fails like SPGC
Staying Familiar:
How does one get a mentor? I’m new here
Jump in lounge any day and show up on mid week study sessions with Sam!