I hope the first few days of the year were good! If you’re already breaking your New Years resolutions already … c’mon ! Don’t let it past this week. No more excuses. No more over stays. No more random trades.
Did pretty well w/ less midday trades last week and scheduled a few more things later in day / week to get myself 100% off desk.
That CGBS started the year off nicely from the big picture idea — hopefully SCPX does similar if not, that’s okay.
The morning focus names have been pretty solid.
FCUV I ended uop selling all of that AHs at $1.22 — from the long idea vs .50 over/under midday. I didn’t expect that much that fast but we’ll take it.
NITO flavor of day Friday — if you put those lines on your chart you saw how well they worked. Patience was the key there BUT I would encourage you to look at all the other trades that worked MUCH easier than the most crowded one of the day that everyone wanted to nail (ie: NITO). Sometimes focusing AWAY from the craziest one is the secret.
I did a big scan tonight of charts I love that are setting up extremely well for more of a big picture idea
I have some that I don’t want to lose off radar for failed follow through.
The continuation side I have charts that are setting some good traps and starting to break out of their consolidation phase
Under the staying familiar I have some names that are setting up with range ie: NNE SMR OKLO and NKLA RIVN etc but not quite names that I think is MUST watch for tomorrow. I just want to remember/see where they are at in the move so I can be that much more prepared
Video Scan:
Main Watches:
FCUV sold the rest AHs – ideally gap and fader tomorrow.
NITO either going to be like MRIN and PEGY and have a crazy FTD Mon/Tues — or that was it Friday and well, shoulda swung. I am thinking we may have a crazy recovery from a weak open on thin volume and circuits. Cautiously bullish if a trap forms pre market or 945-10AM+ more in the room tomorrow.
MBOT runner AHs will look for a clear out move to take advantage of.
CRNC nice one on Friday – 945-10AM+ trend join or reactive trade before that off open IF we get a set up – lets take a look in AM
Continuation:
SCPX ideally does the CGBS move – if not I won’t marry it. Nice idea early on Friday that doubled almost.
LTRY held all gains from that day I got long in the .3x’s and bailed all of it AHs .5-.6x’s + can tell they’ve been soaking it still
SPCB held over for T+1 ideally
Failed Follow Through:
Staying Familiar:
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