When you pull the trade on KOPN back to what i was looking at in real time the next move I was looking for there was for it to break the 1.80's and then its a home run. You end up having to scratch or only make a little on a lot of trades like that as a trader because a lower high turns into a higher low on you and then it reverses and punks all the shorts. Will short it again off the open if it tests 2 and fails.
Same thing on ASST but IB never had shares of it, thats why you need to be up as early as possible for the premarket now because they pump it up right off the bat in the morning when they can do it on as little volume as possible, and then just dump all day. More and more of the move is being moved back into the premarket, it sucks cause they are going to start opening the markets even earlier and then it just becomes a night job trying to be a day trader. ASST easy short on day three on a piece of trash like that against the previous highs if you can still get shares.
Done with KOPN , was just shorting some small size in around 1.90 and 1.95, off the open then sized in in front of 2, but cut it in half in case 2 snapped really hard on me. I could see 2.05 holdfing and volume over 2.00 dying I hit it back with full size, and it immediately turned and gave me 25 ticks so I took it off. Done with it now could go either way. Both Top and Bottom seem to be holding. Those are the types of short setups I love off the open where its down and it just snaps up to push through everyones stops on the open and then the volume on it just dies when no one is willing to hit the offer anymore. Now there is people who chased it long over 2 and short under 1.8 and it will just get choppy, Overall trade it pretty poorly but made a couple k
Done with NQ was a wash for me, They run the stops on people on both sides of course so no one makes any money lol fuck that instrument is a cartoon some days.
LOL went to the gym up 5k on the oil stuff for the day thinking it was going to be a decent day oil held the bottom at 75 again, came home down a grand on it. Going to be a long 4 years fighting this battle, with Trump every day, lol. "Just a reminder for those that never lived through the 2018 Trump tweeting oil debacle. You are 1 tweet away from a $2-$3 drop in crude." -HFI Research
I think that everything just looks choppy right now if your long any of them I would be trading them against the highs and lows, i.e. if your a buyer look for support on the areas you want them on the daily like NVDA i wouldnt be a buyer until like 100 bucks, and if it gaps inyto the 150 area you short them against the highs.
Havent been doing much trading but no real big winners or losers either way feel like im always late to the movement and then you need to trade it tighter there is so many moves like SLXN where it traps all the shorts by clearing out the lows, right before it turns around and rips their face off. then just starts fucking people on both sides in chop before the inevitable move. I had written SLXN off early in the day but left it as a background chart because it was a low floater, but I was paying attention to and screening other things when it made the move you want, If you can get some where it first starts taking out previous highs at like 1.80 its a golden trade and you can afford to sit on like half of it through all the chop. If you get it late like I did at 2.00, you have to get out of the way on the next roll over because you know that they are going to try to pressure it through 2 to hit all the long stops sitting below 2 bucks a share, made a few hundred on it, but its not really worth it. Lots of setups like this where these bots run it through both the highs and lows, you either need to widen the stop on lower size, and buy some when it looks like dog shit to make anything in this market. Trying to get back ionto a rhythym with these things but only been a couple months since I have really started paying attention again. I tried a second time later in the day on SLXN when 2 dollars was holding then just dumped for a scratch when it couldnmt get over 1.10 when it seemed weak, I would have been stopped below .90 there if I didnt scratch when it felt weak, after it stops everyone below 1.90 and sucks the shorts into believing 2 wont hold, it turns again and rips the shorts face off haha. Its not really a great long setup when 2.30 has held three times already asnd it starts trading below 2, its just a total trap, and the bots know exactly what they are doing lol.
Anyways Im going to be gone for the weekend so just wanted to do a quick update, Obviously hasnt been a great few days for me in oil. Overall Im down about 3500 bucks on all the oil stuff I have got because Whitecap is an old position so subtracting it out just moved it here so that all oil would be in one place. Needless to say tough few days for oil looking to see if it holds over 70 now or will start lihtening exposure. Swings, down 2k on the month Day trading almost got back to zero after the garbage start, but still down 3k on the month long term oil down about 3500k on the month QQQ long term hold up about 4k All in down about 3k this month, PNL been all over the map. Down about 35k from absolute highs in early December where I started selling everything hard to say whether Id be better or worse at this point some positions far worse some positions far better basically At this point its pretty much a wash. Every positions in there initiated from late December till now except WCP which I have been trading into and out of for years.