Micro:
Intraday:
Depth:
Sectors:
Trade Ideas: Thought to go short 4 times. Lost on all of them. We broke micro uptrend support, we had negative VOLD terrible TICK. ADD moved down off the open, All sectors gapped down huge but then out of seemingly no fucking where, every stock just slowly grinded higher the entire fucking day. Today is a day I care not much to study simply because this entire move was pure manipulation and bullshit by MMs and Institutions. They held up the SPY, squeezed out retail, dumped it at the close before TSLA earnings, waited for TSLA to crash, then dumped the rest in premarket the next day. Bullshit price action and complete bait for retail. I was the fish today.
Trades:
1-4: Micro Reversal Intraday Continuation
Execution:
- Well I couldve easily not taken big losses in these moves but I also wouldve never known when this move was going to occur and I did not think it would happen in after hours then in premarket the next day. If that selloff that I knew would happen actually did occur on the intraday instead of the low volume post and premarket, then I wouldve had a huge win today. Honestly theres nothing I even have to say about this, yes I took too many losses on these trades but I knew that this drop was going to happen just not when. Guess I need to always remember the essential question, WHEN IS THE NEWS COMING OUT? and that refers to pretty much anything that shakes the market and then I need to realize that the market will not fucking move at all if we have something like that coming up in the near future. Tesla was that thing and the second it came out we finally were able to drop.
Mindset:
- Even though I lost and watched the move happen after hours I was totally okay with the losses on an intraday standpoint. I need to stop giving a shit about the $ PnL and start giving a shit about the setups instead. This setup was good but I was just fucked over by higher powers. We had extremely clear resistance and negative depth and bad sector movement all pointing to downside but when MMs want to grind it higher guess what? its going to grind higher