I had a well-being score of 6.5/10 this morning.
I took 2 live trades with ABT and CCL.
My watchlist: AMD, ABT, DAL, JNJ, CCL, and BA.
ABT had an interesting PM. It had a catalyst and a level at 83.25 it touched (or nearly touched) 3 times near the open. Then at 9:26 the volume really increased with a bullish candle and then a hammer. The L2 looked weighted to the ask side. Then 2 min before the open T/S lit up green and I went long with small share size. The price popped and retraced.
What the chart/L2 looked like when I took the trade:
The price popped, but not high enough to take a partial. Then the price dropped to my stop (82.50) and bounced and made a hammer where I added. My target was the daily level at 84.73.
The open had lots of volume but little movement at first. Then the priced moved higher and I got two partials. Then the price sat for almost 2 minutes while SPY was moving higher. Finally the price moved a little higher where I partailed again since I was losing faith. Then I tried to exit at the break of the 83.25 level, but wow what a slide that was.
Right after the ABT trade I noticed CCL had a weak 1st minute then was bouncing between VWAP and the LOPM. If I could get a really good entry near VWAP I would short. I didn’t have to wait to long and actually got filled immediately. I had to only wait a minute for the drop to start. I took way to many partials. I got caught in the halt. Then I accidentally made a hot key mistake near the end when I was exiting, and added a few shares.
What did I do good today? Good use of T/S.
What I am grateful from today? It’s great starting the month (my trading months always start on a Monday) on a positive day.
1) Would really like Brian for a Swing trading webinar/workshop, on how he selects his swing trading watchlist, what criteria he bases his watchlist on.
Every time he shares a weekly recap, he does mention stocks he is keeping as watch on.
Would be really helpful if such a webinar can be arranged.
2) Day Trading Options by Nas, the first part was a really good into, Another follow up with strategies and specifically which cheap OTM options to trade would be really good too