Situational Awareness

• SPY appears to be finding some good support on the 320 handle.
• stocks still appear to be weak. Anticipation setups that I flagged are breaking down. 
• Still an avoid market for now 
• T2108 near 17.
• Opportunity is near. 

Situational Awareness

• SPY still in a downward trend. downward channel but this is healthy
• Wow caught in stop outs last night it was quite frustrating:
• Not sure if it was because I got caught in the overall market sentiment would these setups have worked under different conditions? Seems like I'm not doing well on the reversal front. Maybe I should avoid these for now.

 

Situational Awareness

• SPY still within a downward channel. Short term bearish 
• RAPT and RGA Stopped me out good yesterday . I still think RGA is a good setup. It just didn't workout. The early morning was great until it reversed.

Situational Awareness + CLSK

• We are currently in the middle of what is possibly a short term down trend. 
• Should be a little cautious and picky taking setups
• Doesn't look like a panicked move but more like a steady decline
• T2108 already lowest in recent months at 28.
• Get ready to back up the truck at 0 or 10 or so.
• But keep on selecting setups
• Our trade in CLSK did very well Stopped out at my target price!

 This is my first successful ant setup...hope there are many more like this

Passed Trade - CAL

 

Missed this trade because I felt that the ranges weren't compressing enough but this one did very well. I wonder if it matters the 

SA

• Seeing some positive developments on the SPY. Nice swing so far to the upside.
• Think we're going to go sideways from here but at least a violent leg down seems to be low probability
• New orders today for anticipation: RAPT and CLSK. Yesterday was RLGY. 

Back at it

 Situational Awareness:

• SPY seems to have lost its strength. Chopping around 330 and 340 with no clear direction. 
• Not going to be aggressive in taking longs. Just going to pick my spots.
• I don't feel I need to be bearish either.
• Asia seems to be responding well to anticipations of some good language from the Fed. Let's see if the US market follows Asia's lead.

New Setup: $LPTH

Think the pause here is giving me a chance to enter this strong stock. Let's see.

New Setups: $MGNX $EVOK

MGNX is really a round 2 play for me, it was one of my winners last month.

Nice gap and orderly consolidation here. 

June 2020 Trade Performance

Yeah so I got a couple of big wins in MGNX and ALT this month. But mostly it's a lot of small losses that eat into my profits.

I'm happy that my max win is greater than my losses and that my average loss is less than my average profit. A small edge there perhaps in my trading. I'll take it. Unfortunately I don't think my win ratio is enough to make this any meaningful. I need a bigger win ratio if I'm to maintain this small edge in my trading.

I need more MGNX's and ALT's and less of the pesky small losses. haha

Have a lot to improve on so let's see!

Setups: $PRTS and $MIK

Biases on the sectors aside, think I'm going to enter these setups that look like they're going to breakout any time soon.

New Longs: $CHGG, New Setups: $UPWK and $HSC

I went long this stock yesterday, I really think it has some potential to move to new highs. How about a little market push?

This setup as well. It briefly broke out of the range and I feel like there's some pressure building in this stock so I'm going to go long today.

I like the tight range being printed by this stock. So I'm going to come in before the volatility comes in. Let's hope it's volatility moving up not down.

Awesome Trade: $ALT

Awesome trade that worked for me. I need to focus on these kinds of setups. Short burst and profitable.