Leaderboard

Wednesday - August 26, 2020 Futures Watch /ES continues to remain pegged in this area around 3440/3450 from yesterday's premarket. Price action from yesterday shows that 3430 is willing to be defended, as we pushed into that area and fully recovered once we couldn't go lower. Any action above the current range could lead to another Alternate Thesis move higher, but a second attempt to break yesterday's range may place us into the 3415 volume node for a while to consolidate. 10D 30M Chart /NQ building value near 11600 area during yesterday's session, leading to the VA Range coming higher as the Equilibrium Price is shifting higher. We continue to stay above the VA High 11580 and can continue higher given we have good support below us. 10D 30M Chart /RTY fell away from V POC and into the VA Low in yesterday's session, with a slight recovery into the afternoon. As we are in the VA Range and below the V POC, I'd be looking for VA Low 1560 to hold as support for an attempt back to retest VA HIgh 1585. 10D 30M Chart Premarket Review at 9:00 ET Interesting Futures: Natural Gas up 1.5%, back into 2.55 resistance tested multiple times over past few days. A breakout may be led by a sharp rally higher, so watching for breakout or another rejection. Other futures not showing much in terms of price and areas of interest. Bonds slightly down, Crude slightly down from 43.5 resistance, Gold seems weak losing 1925 area of support after slipping over multiple days from the 2025 highs. Premarket Sectors at 9:15 ET Strong Sectors: Technology starting strong with some earnings beats and most major names up roughly 1%. Semiconductors are also holding up some strength. Cons. Disc. showing strength and on the verge of an ATH breakout. Weak Sectors: Utilities losing all of Monday's price action along with Energy and Financials never getting off the ground. Industials holding up a potential Cup and Handle on the Daily, but need to clear 78.50. Things to Watch: Yesterday, strong sectors like Financials and Industrials were sold off and rotated into Technology and Communications, so be wary of another occurrence of a 'bait-and-switch' on strong turning weak and vice versa. $CRM: Earnings $SRNE: Oversold Bounce (Morning Star Pattern on Daily) into Gap Up $TSLA: Remains Strong

Oh My 19/22 only +4.7R My buying power is screwing me up with higher priced stocks, so my risk isn't $10 on them, so when I partial, it's a very small amount. I might have to put a top cap on stock prices I trade.

DAY – 8.25.2020 Trades: 2 Symbols: 2; 5 (DT: MRNA, BABA; Swing: IBM, WKHS, APA, WDC, SAVE) Psychology: Slept well, starting to get up a little later – meditation and shorter pre-market preparations. Goal for the day: Day Trades – Test the new William HK in the open for ORBs. Continuation on BABA. Find catalyst stock. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up & Week in Review: SPY gapped up overnight, pressed down most of the day and then made its run around noon. Sector rotation occurred, Healthcare which was weak yesterday had a good day. Technology and Finance both pushed higher on continuation from yesterday. WL: DAY TRADES: SWING TRADES: WDC No change. Entered position on this symbol after gap down due to ‘bad’ earnings, has spent that last 3 days trying to climb but being held down. Has fallen below $35, I will average down at below $34. IBM: No change. Still holding 33% of position for the break of $130. Catalyst: 2 upgrades: Argus Research (buy from hold, $155) and Zacks Investment Research ($134 from $131, remains neutral). WKHS Breakout day today leading up to USPS announcement? Recent two day ‘pop’ on unusual options action to the high side. Government fiscal year ends end of September, should here if they win some or all the USPS contract ($6B). Holding my position as institutional investors are still holding for long-term growth story. Daily volume is low but PA holding $15.15 support level. SAVE No change. Still holding with average price above $20, poor decision to buy and hold overnight on parabolic move (daily chart) back in early June. The upside is that SAVE is one of the strongest airline stocks in the current climate. Their cash burn rate is significantly lower than other airlines and their niche of catering to domestic vacation travelers should help them come out better once a COVID vaccine is announced and airlines get to flying again. I like SAVE for a hold until the end of 2020 (depending on November elections). APA No, change. Still holding for move above $20, entry below $10 (5.14.20). As a former O&G engineer I ‘know’ (speculative) that Apache is one of the best companies in their industry, with clean P/L, low debt and strong potential based on diversity of assets – onshore and offshore, domestic and international. Final Review: Goal for Day: 6/8 FAIL 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Only trade the symbols on your WL – PASS 5. Trade without P/L on screen or in mind – FAIL 6. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 7. 3SYO – FAIL 8. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #5 and #8 are game changers for my confidence and trade management Things I did well: Good recognition of MA bounces to reverse my position. Better job of looking for 9 EMA on the 5-min chart extensions. Things I did poorly: Poor continuation of comparing candle wicks/body size to other same type candles - volume comparison to recognize anomalies (VPA comparisons).

Looks like $DAL was the trade of the day ?

Is there a way to change our display name in the forum? The default was my first and last name and I can't seem to be able to change the name displayed in the edit profile option.

I pretty much did the same thing, but hotkey mistakes are really messing up my trading. Ive since introduced HOT Buttons in muy montage and are pretty clear to me. I still use hotkeys but have these just in case as some hot key mistakes can be costly in the challenge on monday. Looks like you are well prepared. I have to start journaling. I like the idea of putting sticker on the keyboard Good luck friend.