Shared by
jAyk1P
Slow Market + Extended Market = Choppy and no range (YOU’RE WORST PERFORMANCE)
Pro
- Slow market => PR GU, TT, Extreme momo plays only
- Go-to setups only
o Quick Pullback
- Tues 1/3 tries
- Go-to times only
o 9:40-9:50
o 10:50-11:05
- Multiday Charts
- No midday
- Smaller positions for high priced (100 shares)
- Mid positions for mid priced (300 shares)
- Rarely checking chatroom
- FOLLOWED RR!!
- 2X ONLY!!
- STEPPING AWAY WHEN YOU RUN OUT OF MENTAL CAPITAL
- PREMARKET HIGH ONLY!!
- SOLD ON EXPONENTIAL MOVEMENT!!
- SELL LOSERS THAT DIDN’T GO MY WAY ASAP!!
- MARKET GU = PULLBACK BUYS ONLY!! (UNLESS IN EARNINGS SEASON & EGU)
- NEVER play P3D or P4D
- ALWAYS KNOW THE MARKET DIRECTION. IT CAN CHANGE IN MINUTES
Improve
- SEDG opened a bit low, but popped right at the open. Even though it does this, do not go for these kind of stocks because as they rise, they may stop at the high of the day resistance... (Just filter out stocks that do not open near the Premarket high)
Missed ROKU on Thursday 2019.5.9 (Premarket 2/3 high of ORB)
Missed GH on Friday 2019.5.10 (R2G)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-05-07 09:38:04 | SEDG | buy | $53.479 | long |
| 2019-05-07 09:38:43 | SEDG | buy | $53.960 | long |
| 2019-05-07 09:40:05 | SEDG | buy | $53.539 | long |
| 2019-05-07 09:45:35 | SEDG | sell | $52.840 | long |
| 2019-05-07 09:45:35 | SEDG | sell | $52.840 | 0 |
| 2019-05-07 09:46:32 | SEDG | buy | $53.490 | long |
| 2019-05-07 09:46:32 | SEDG | buy | $53.490 | long |
| 2019-05-07 09:46:32 | SEDG | buy | $53.490 | long |
| 2019-05-07 09:51:17 | SEDG | sell | $52.721 | long |
| 2019-05-07 09:51:17 | SEDG | sell | $52.730 | long |
| 2019-05-07 09:51:18 | SEDG | sell | $52.720 | 0 |
Comments
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not bad! I think you may have just tried too hard to scale into this. I took a loss on this as well and just entered once at a full size and got stopped our just below $53.50. 9/10 these setups work. Market tank doesnt help as much for follow through on these big gap ups either if they arent small caps