Right now edge is on the long side with a lot of these names lately that have beaten down charts. Demand is far more than supply right now. And, “they” know that. LYT after hours a good example. Lots of trash names that did trash raises and faded are getting soaked up as the shares spread out and running well. Most short because ‘last time it worked so well

Busy day tomorrow meeting 11AM 1PM call 3PM haircut.

SWIN insane – great great great warnings re: next ZJYL. Was obvious to me and I still didn’t get a fill long.

CRWD PANW FL etc all big unwinders today

APM another great example similar to OCEA – patience and less size is name of game.

OCEA using yesterdays level as risk was perfect. That was the big opp of the day for me prepared ahead and high conviction vs. some of these crazy thin ones. Remember the ones you forget many time are the best ie: PHUN. Your job not to forget.

PHUN clean unwind all day – clear out into close and no one home today. Gap down all forget and unwinds.

NKTG nice double off the sub VWAP trap – very high conviction trade after watchin the tape plus I had a padding from $2 to $2.50 the first round re bought a few but goal to load vs $1.80s. Since I was a bit early shaved some down back to core when it swiped up and once it firmed scaled more.

IRA some good runners but not as good as it should be still need to figure out what’s working best right now – as an example that RETO ripped up came back and stayed heavy = move on. ZJYL straight up $8s to $11 — sold some when mentioned. If it doesn’t firm back up I will not re add. Still just rotating around and scaling if it works and sizing back out. Some good ones, but as you saw most are just flattish +/- 10% or a lot of 50-100% ones already. I sold some bags like ASTI etc.

Tough park about this market is so much going on and makes you want to stick around but I’ve been making most of my $$ in pre market to 10-11AM and just chopping around the rest of the time. So, I need to get back to my priorities and that’s trading less and not as much screen time. Easy to fall back into it, but getting away from my goals here. Also hot plays of day take your focus off the names that matter. PHUN was a home run and I got minimal there.

We have two MAGNITUDE style trades setting up perhaps more to come but one is obvious – NVDA ideally $1000-1200 or something crazy we’ll see. The other is COIN. The difference between NVDA SMCI and COIN is the same as I explained on MSTR. There is one kicker here — BTC. So for all things to align the day COIN cracks it would be nice to have BTC in agreement like we had it on MSTR.

Make sense? If not – ask.

I would encourage you to go back through

Main Watches:

COIN $250 + blow out maybe some quick trades but I am stalking with NVDA for the biggy.

SE reactive trades but dips getting absorbed well again.

ANF looking to fade vs VWAP if it has trouble tomorrow.

Failed Follow Through:

APM higher better back side

MEDS weak open r/g test and failed follow through is ideal

PHUN higher better for $8-9 short term

OECA higher better for back side

Continuation:

PHGE watching for Fri/Mon T+2

MNPR reminds me CDIO big picture vs .75 risk

ZJYL some crosses today in the tape but sold some at highs when I said wish I sold them all but still really good trade. Best one in IRA so far. Again if trade fails don’t over stay.

MDAI starting to grind better from big picture trade.

PBM insane tape with the swings – sold some into the rips when I said riding rest from .85 range idea.

NBSE liq trap $1 big trigger spot feels like the one that will double on a PR fast.

MINM liq trap playing out

Staying Familiar: