Trades... Long TWM 121.4 out 118.9 - Loss Did this as SP hit 930.. go figure.. Long POT 74 out 79 Long UWM 21.2 out 21.48 Flat into Fed speech...
There is something insidious that happens when a position is entered while watching a volatile market on a 5 minute chart... No doubt if I were blindfolded and placed a few trades today I could not have done worse that I did eyes wide open. The first trade of the day tends to set the tone of the day.. Either the feeling of "I need to get to green today" or "I don't HAVE to place another trade today" (which leads to being more selective)... Choppy days are lethal for a breakout mindset as every breakout usually signals a reversal... so those pros across from me on the TWM and UWM tables today.. I want my money back! The closing volatility is unsuitable for most humans, farm animals, pregnant...... etc... What a journey..
Dropped the ball on UWM missing the 22.8 decline this am but have vowed not to chase a stock again... The play with UWM and TWM now has to be to buy a good UWM dip BEFORE it tries 25's or Long TWM if it trades under 100 (though there is an extreme risk of 90) Long UAUA 14.3... looking for high 15's Long UYM 20.2... looking for 20.78
Well... Something happened as I typed that.. Both UAUA and IYM sold at targets... Can't buy TWM until it shown signs of stabilizing.. Think I am going to regret missing UWM..