Monday 4/22/2019
I had a well-being score of 5/10 this morning. Nerves were a little on the bad side, mainly due to a double S/O on Thursday.
Took one live trade on AAPL.
I wasn’t too crazy about much in the premarket, then just before open AAPL reached 120k shares and 0.5% gap which is enough to call AAPL in play for my setups. I was looking at MU and AMD after open as well, but AAPL is the only one that setup.
AAPL had a really good “Vish” setup when it broke VWAP, but there were too many TLs near it to take the trade. So I waited for the price to clear the other TLs, but then the trade becomes a “step” setup which normally you have to wait for the finish of the 2min candle, unless there are really strong TLs to break. There were three TLs, a daily TL, 1min candle wick and 50MA all at same price. That was too powerful of a combined level to wait, so I took the trade when it broke all of those 3 levels.
What AAPL looked like when I took the trade:
1min chart 5min chart
Checklist showed a very strong setup:
There we a lot of good TLs to take partials on. The first partial was on the high of premarket. Next was the 203.39 level, then I usually take partials at the half dollar, which I did. Then another partial at the next level at 203.87. At that point I had so few shares left that I exited at the next level $204, which happen to be the peak of the run. Since I got more than one dollar from AAPL I was done for the day.
What I did good today: Was able to adapt my setup for what the market gave to me.
How did I challenge myself today? Correctly took partials on all the correct levels. A lot of emotions to take or not take the partials since there were so many levels.
What I did bad today: Had chart configuration issues again. Just noticed right before opening. I should have checked an hour before.
What can I do better tomorrow: I need to keep working on my chart configuration. Unsure why it is not stable. Need to find issue and resolve it quickly.