Tuesday 03/17/2020
I had a well-being score of 6.5/10 this morning.
I took 2 live trades with AMD and NCLH.
My watchlist: AMD, NCLH, TSLA, MRNA, CCL, and AAL.
I like AMD in the PM. The price was really respecting the 200MA-1min and the 50MA-5min. If it broke this level, after the open, with volume I would go long. AMD quickly made a hammer at the open with OK volume (not large volume). Though the volume wasn’t great, I liked the hammer and SPY was on the rise, so I went long when the price broke the levels I spoke of. The target was the 41.09 daily level, with a reasonably large stop at $40. The price immediately popped and I took a partial. Then it hovered for awhile and I took another partial, since I was losing faith. Then the price hovered even longer and I took another partial, since I was really losing faith. Then the price dropped and my auto B/E stop kicked in and sold my remaning shares.
I liked the 2min ORB setup on NCLH. First it was creating a mini ABCD with the last PM candle and was creating a small wedge. I didn’t wait for the break of the wedge, because I felt confident with its weakness. My target was PDC, but definitely would partial at the LOPM (11.09). My stop was tight at the high of the previous candle. As soon as I took the trade SPY went bullish and took NCLH with it and I was quickly stopped out. I was watching for about 30 seconds to see if it would setup again, but then my swing trades needed managing so I missed the run down. But that is OK, it is good to know I planned a working trade.
What did I do good today? I like both my trades and thought they were executed OK.
What I am grateful from today? Flat for the day for day-trading, but did really well on the swing trades that I went long before the close yesterday.