8:12: Will try and make the day short and hit $200-$300 quite early. After losing day yesterday feeling the need for a positive day.
If BRKO bounces to $10.00ish (and I can get shorts) I will swing short 2000 shares for $7 or lower. This may interfere with my day-trading, but at that level, it is really high probability and low risk-reward.
10:30: Have somewhat slacked on the journal today. Not quite in the habit, so didn't really think about it. Good start of the open and given a little bit back, so need to be very careful. Am noticing I am somewhat cheerleading my VRX position, so worth monitoring that.
10:32: BRKO trading at prices I would happily put on my swing short at, so have orders sitting in there ready to execute the moment shares become available.
10:33: The NUGT relative weakness to gold is somewhat expected but treading more cautiously than I did yesterday on it.
10:35: Took the stop on VRX. Misplayed overall, biggest thing was getting faked out on the move above the high of day originally. Like it for a binary trade long up to 37ish from here. Thing that really annoys me about VRX is that I was up around what I was targeting prior to downmove on CPXX and taking a few hits on VRX, and now down about $150. I was also stopped at the low on CPXX, which is annoying.
10:37: Worst part about being stopped at the low on CPXX is that I knew I needed to be buying weakness, selling strength... Just didn't expect it to be that much. Basically if size had been better managed on VRX and CPXX I wouldn't have taken the poor stops that I had to.
10:56: Target trade on VRX, as a long... But it's a nice binary trade and stops in place so happy with trade. Could have had a better entry though. A tilted entry I think.
11:05: Gold finally made a move that NUGT was foreshadowing. Now that gold is coming off I think it's important for me to adjust how I trade the levered ETF. I have always missed the rinse and repeat every day short UVXY trade, and am determined not to miss the equivalent in NUGT. The way to do it will be to be prepared for an ATR up move every day (depending on gold etc) and control risk via size.
11:55: Down near max draw-down. Am feeling similar tilt come in to yesterday, but writing it down helps with management. Being patient for next setup, and will be sure to take it appropriately.
11:59: Just to ensure I get them jotted down and manage appropriately. Trade setups I currently like are BRKO long on accumulation (binary trade), VRX short pops against 35ish - not sure how high it can go so manage risk via size, CPXX on accumulation near the highs can be a huge mover, MNK bounce off lows after confirmation (VRX not look sharp so that should hold it back).
Currently long a little CPXX, and short WYNN.
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