Tuesday 12/31/2019
I had a well-being score of 5.5/10 this morning.
I took 2 live trades this morning with RAD and ROKU.
My watchlist: RAD, TSLA, NIO, NVDA and AMD.
Busy in the PM taking a partial on one of my swing trades BE. I thought it possible I will get stopped out on my other 3 swing trades at the open.
RAD was my primary watch. But I did not have shares for short. Without short shares I sometimes force long setups though they don’t exist. So I had to be careful. L2 looked good at the open with two large asks (5c and 20c above the current ask). I almost went long on that signal, but I needed at least a second signal for confirmation. The huge print arrived (175k) so at least I was waiting for the next big print for direction or a bullish 1min candle or the break of HOPM.
35 seconds after the open I got the next big brint which was bullish (but not overly), the 1min candle looking bullish (but also not overly) and a bullish L2 signal (though not that large). So three mild signals. Honestly, it was the order flow that got me to pull the trigger. It was really moving. Target was the daily level at 15.63 and my stop was 15.04.
What it looked like when I took the trade:
I took three partials and I stopped out a little above B/E.
The next trade was ROKU. I actually liked the setup for a 2min ORB but the price was really jumping. Then the price movement calmed down for a 3min ORB. I went long when a white hammer was created with the 4th 1min candle and the break of 130.50. Target was 132.63 level with 130 as my stop. I took 2 quick partials then S/O at B/E by a penny (again) and I missed the run to my target. It’s funny I moved my B/E stop hotkey to 2c lower because I keep getting S/O by a penny and I still got S/O by a penny.
What did I do good today? During the RAD trade I got notifications that two of my swing trades were stopped out (Etrade) and It did not distract me.
What I am grateful from today? Traded ROKU live without getting chopped up.
What I should improve on: It’s the last day of the year and I like my trades I am not going to be negative today.
So no more day trading for me until next Monday. Wish everyone a Happy New Year and be green rest of the week!!