8:20: Absolutely determined to ensure today is profitable. So nail and bail, no matter what the opportunities. Happy to leave 1/5 on with a trailed stop-loss, but that's it! The exception is of course if I get fills on BRKO short.
Remember that what worked for me in Jan was the nail and bail, and that was the best consistency I have had so far this year.
Also remember to try and play my natural game, preparing for worst case scenario, and therefore only stopping when bias has been permanently changed.
9:44: Done for the day, up around $300ish, just waiting round to see out a couple of trades that are hanging on with orders in to close.
10:08: All done. Taking break. When come back will focus on keeping size small, and scalping against levels etc, not being too biased on direction.
11:10: Right, back for the small scalps/low risk trades. After break feeling in a pretty good minset to keep things controlled etc. Current trade idea: Long GWPH on accumulation and r/g move. Pretty binary trade, and good risk-reward. VTAE: Broken the opening low, looking to short pops in to resistance. NUGT happy to counter-trend trade it if it gets a bit higher. VRX any consolidation at the lows, join the trend, it's broken but don't want to chase if taking low risk trades. CTRP short into opening high, good defined risk, and straight up in a grind from lows.
11:19: Took AET long as a binary trade on an accumulation pattern after opening drive lower, AND fresh out with a defence. Small size and controlled risk. Right on testing vwap as well. Almost immediately hit the stop, was it too close, does the report need time to circulate? I'm okay with the stop, very small loss.
11:21: Yep very good loss on AET, went quite a bit lower, not a good reaction to defence at all.
11:22: CTRP put in a lower high after rolling near the high. Have opted not to take it because I don't think it's high enough, would prefer it close to high of day. That being said, think it's a clean setup but don't want to overtrade.
11:24: GWPH pulling back somewhat. It is possible that my stop-loss is a little tight, but happy to hit it there, don't want to hold it if it goes red again. Especially since it was rejected around vwap. If I get stopped on GWPH I will call it a day. It's just in a flag, so not convincing break of trend though.
11:27: Took a starter NUGT short, it is somewhat breaking trend and gold pretty low, so NUGT has a little catching up to do (or vice versa).
11:29: Stopped GWPH. Ok with that, think it was a good trade. Giving NUGT a very short leash here, don't want to give any back and meant to be done for the day. Gold currently trading at the lows of the day. If it doesn't break in the next 20 minutes I will cover NUGT.
11:42: Right on the edge of covering NUGT, but gold still right on lows and looking weaker. Still same plan on if covering or not. Don't have a cover in because if gold cracks it might be a big wash, and NUGT may have the potential to go to the low of day.
11:46: All done with NUGT, may regret the cover, but happy to be done for the day.
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