8:15: First day back after big stubborn NUGT loss. Goal for today is to place hard stop-losses on all positions, with big wick room as I allow for trade management, and allow me space to manually hit it. Unusually pumped about today, I feel like it's in a positive way, like "really pumped to be disciplined and trade well" type way, but also feel like it may lead to over-trading. So just need to be careful of that.
9:18: Got some orders in for the open and corresponding wide stop-losses. Nothing I really feel I can sink my teeth into, so happy to be patient. If nothing pops up will more than happy just trade basic support/resistance for the day and grind to +$200. So focus on entry - don't want to end up with poor entry, and chasing then having to dig out a hole.
9:37: Bit of head-fake type action on VCEL. Got me over-thinking a little bit, so will just keep size on the smaller side of things and look to hold long while trend holds. If you were shorting it off the open this is probably what you would want to see (if you weren't stopped around $5.15).
9:45: Thus far the short way of trading VCEL would have worked. Am long 400 shares @ 4.71 with a 4.34 stop-loss. Looking to off-load at least half into pop. Hindsight looks obvious that I should have off-loaded on the big volume liquidation type trades over $5.00, but am happy with the way I've traded it. Somewhat un-nerving though to have had such a good trade off opening lows and not taken any off (partially because only got 100 shares near lows).
9:53: Bit of premature sizing on NUGT, should short 100 shares not 150. Was a sharp rejection from previous hod, but didn't wait long enough (in an upmove short strength, or wait for confirmed weakness and short weakness).
9:57: Got the move lower on NUGT somewhat helping the trend break. Gold is confirming. Not can chase it a little lower to get the remaining 50 shares to get full size. Stop now above high of day.
10:13: Feel VCEL is testing my patience a bit, could be a vwap stuff, and given more time will confirm that. Right on the edge of bailing from long, but have no real plan to get back long, so probably better off either sizing down, or just wait until it hits stop. Point is it's right on the edge of not doing what I want, and that's making me a little on edge.
10:15: A note on VCEL. Want to avoid getting into that overthinking mode. Good to think through price action, bad to over-trade based on overthinking and smaller time-frame price ticks.
10:22: Gold dropped about $7 very quickly with only a tiny move on NUGT. I covered 1/4 and pulled the bid I had to cover another 1/4. This might be greedy thinking, but I really like the chain of logic, and am confidence greed isn't affecting decision making. If I was being greedy I wouldn't have covered 1/4???
10:30: Covered another 1/4 NUGT at similar price. Just too scared to let the relatively big profit I have drip away. Probably a poor decision, but whatever lol
10:34: Trailed stop-loss tightly on remaining VCEL, have 3/5 of a position. Not worth holding back to the lows after narrowly missing profit target. May be better off just selling here at market.
11:43: Done for the day a while ago. Been very patience after getting good covers on NUGT at the lows. Didn't get greedy which I'm really happy with, and as a result final cover was at the lows. Just hanging around now to see if PPCH setups up for a long - which it doesn't appear to be so far, and VCEL has a nice pivot for a short scalp. Keeping things relatively tight and patience so as not to create a headache.
12:20: VCEL is behaving really nicely for an all day fader, but am going to call it quits if PPCH doesn't breakout in the next half hour. This is around the time yesterday when it broke out, so if it takes any longer it's losing a bit of potential (and I don't want to hold overnight).
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