SD'S -2023 DON'T JUST SIT THERE TO SURVIVE- MOVE&PROSPER!

[sd]

6-5-2023 -fUTURES MIXED Nas -22 , Dow & S&P slightly in the green.

Continuing to view the criteria for entering a trade based on a combination of Price Action, Entering early on an Improving MACD histogram uptick towards the 0.0 line- and using the Stochastic




TQQQ- OPEN WAS THE LOW -

AND, THE REVERSAL....


sMALL CAPS - eNTRY FILLED $29.70- STOP AT $29.65 NOT SEEING STRONG MOMENTUM -



Taking the 5 min chart to the IRA positions -

PYPL- had a small position just taken last week- PYPL moved up today- and I added 50 shares as a likely momentum day trade-







Entering on a breakout- SDGR




@ 12:40 - PYPL -after a big momo bullish bar pauses, my very tight partial stop is triggered- with 2 staggered stops still in place
This is a normal consolidation- following all that momentum.



EOD- Devoid caught the move in TQQQ today, with a Buy at the low open-!
Mary Barra @ GM announced that there are more headwinds for the EV mfg to get to scale and profitability-
I got lucky- lost $3.00 on a 100 share day trade in GM....

SDGR- Again- a Day trade viewing through the 5 min chart- and netted some gains- 100 share position entry- got enough back to pay for dinner at Applebees for two!

PYPL Staggered stops- Price weakened as the MACD made the downside cross- -good daytrade.

[sd]

6-6-2023 Bit of Red premarket @ 7 am

A note -as an example- of yesterday's day trades-and the signal from the MACD on the 5 minute time frame .
This would be a good textbook example of how one could use the MACD cross as both an entry signal, and -in this case- as a "warning" that the trend momentum was waning- While a 5 minute chart is not to be used as multi day swing trade position, the longer time frame- 2 hr- for example, may be the right combination for a swing trade position..



DLR ceo on CNBC this am makes a compelling case for his company- Digital Realty to benefit from the AI boom needing more servers, storage etc.
DLR is up +4% premarket- but it may be one area- narrow segment - of commercial real estate that will not be crashing lower.
I'm not chasing what appears to be today's gap open too large- but will watch to see if it has that snap back like it did on the gap 5-30


Note to Self : website I need to check premarket every date
www.briefing.com/stock-market-update
They have a large learning center
www.briefing.com/learning-center for example:


Today, I'll be watching TZA/TNA; SQQQ/TQQQ SOXS/SOXL -
Trying to judge getting in during the 1st few minutes at the open can be a real toss of the DICE-
For example TQQQ opened below yesterdays Close. I made the wrong Choice and selected the higher open SQQQ which promptly dropped - So - I got suckered in by the higher pre market pricing just ahead of the open.

Getting the Order page set up so I can change the order from the 1 share to the filled qty and adjust the stop price - so I hold 1 share of each potential trading candidate. this saves a few seconds, and will allow me to stay on the order page-.


setting up a chart list with the summary page to see where the open leads this shows yesterdays results




Blew it -stop too tight -got taken out ...


this was a 2nd entry in TQQQ- earlier took a small 50 share entry- sold into some upside with a trailing stop
present position - I have the MACD cross on the 5 -finally but I've also widened the stops with split stops.




I'll tighten my stops- raising the wide low stop up to trail and take some gains



Raised a stop on 1/2 the position into a big momentum bar


I had raised stops to 3 levels before heading out to the HDWR store this am.
Nice to have the stops in place when this happened-



orders executed


D's trade in TQQQ taken today- that also his wider stop


1:08 entry in TNA close to the P.O.F. $33.69- improving MAcd


STOP RAIASED TO COVER MY $33.80 ENTRY - pRICE AT $33.96
sTOPPED OUT- This was an experiment viewing the faster time frame - Potentially I could have sold but the move was small- so I set my stop to $0.01 below my $33.80 entry -$33.79



Bought/sold/bought /Sold- SQQQ,TQQQ,SQQQ,TQQQ- just as it chopped and slopped sideways - for minor loss/minor gains- Experimenting with signals on the 2 min time frame- and getting stop up to B.E.ASAP - Just a lack of trend this pm- so I'm heading out to the lower 40 to do some yard stuff....
TNA WAS THE BIG MOVER TODAY-
I missed it until late- should have gone for it though-
D got in early on


AS i review today's focus - I realize I was pulled in directionally by the premarket bid/ask to believe the momentum was exactly the wrong way!
So, this realization tells me I need to consider that the OPen was bearishly lower from the prior day's Close- but the buying momentum immediately saw the price go directly higher- I could have bought the OPEN, set a tight stop of $0.20 and been off to the races in a winning position.
June 5 had exactly the opposite result- The lower Open proved to be the High of the Day-
While June 4 was a muddled chop fest until 10 am

[sd]

The future of Advisors:

www.cnbc.com/2023/06/06/a-harvard-econ-phd-whiz-teaching-generative-ai-to-invest-for-everyone.html
toggle.ai/explore

How long will it take before you can automate your trading using an AI program that can execute on your specifications? Right now some 60% or more of market trading is Algo programs- add the expanded features of a future Chat GPT model to enhance those capabilities.

6-7-2023 Futures a bit in the red @ 7 am.
9am- futures improving


I'll be day trading the same basket of possible 3x etfs- Looking to get in early in a trend- evaluating the open is still my nemesis-


Today I'll view the Open through the lens of a 2 min chart-
With futures up, I'll be looking to take a Long bias- TNA,SOXL, or TQQQ, but will have the inverse screens up .
Premarket pricing , these are showing gains on the Open.

I noticed yesterday at the Open, the summary page was very slow to reflect the open- Supposedly, there is a 15 second delay in stockcharts to refresh the page....
www.briefing.com/stock-market-update

Loading up the 2 min charts- noting the premarket pricing- and watching to see if it's in the prior day's base- or gapping up or down-
Today seeing gap higher open +2% TNA,SOXL

Ross premarket live
www.youtube.com/watch?v=flB50MoEn_Y

Setting up the order screen with orders that are way outside for stops and limits-
point is, they can be modified on this page for a quicker entry, and once filled the stop qty changed and price from sell 1 to sell 100- or to split the order to sell 50 and to sell 50 -perhaps at staggered prices. All part of the learning process and trying to make gradual refinements.

I'm going to try to judge the open to see how the 1st 2 minute bar Opens- and does it Close higher-?
Bullish - use a mkt Buy order with a stop $0.10 below the low- ? let's try that out today...




sMALL CAP bear - L-R- 2,5, AND 5 MINUTE tna LONG




sOME TOUGH TRADING ON MY PART- HAD A -$50 LOSS EARLIER, RECOVERY WITH ANOTHER tna UP MOVE & AFRM TRADE BOTH MAKING GAINS.

I made a lot of trades today- experimenting with viewing the 2 minute chart alongside the 5 minute chart- and viewing the inverse as well-
I think this was beneficical- but I made several large trades to build a 200 share position that ended up going south-
Similarly, at today's open- I bought at the 2nd bar, added 100 on the pullback, but then set a stop that was triggered by price coming back to within $.01 cent and my stop was triggered- . Initially I thought I'd allow $0.10 below the open low- but failed to give it that much room-
I was in the red initially, and ended up gaining back a bit, then taking a net loss of -$24 at the EOD- and I just decided to call it a day...

Taking the Risk -on add as price came back to the low of the base is a good low Risk- I think I had my limit order fill and my stop was just $0.05 below - and price did rebound from my limit buy- but did not breakout of the top of the range- came back a 2nd time and hit my stop-
I like the set up- Farley's buy as close to the Point of Failure- -
Potentially, I could have bought and sold as price managed to move back up in the range- but I needed a breakout to scale out of....

[sd]

I just read a "goodbye" post from a long time Trader at the LB website- "Beast" - a frequent poster and updated the Am briefing and his unusual chart approach ; posted that his Parkinsons' has progressed to the point , along with heart issues, that he will no longer be participating on a daily basis.

He apparently has been on an experimental medicine for 14 years that allowed him to be functional- but the disease has progressed to a point where it's no longer effective.
Parkinsons is a debilitating disease- The last active member of this website- "IRA " was found to have Parkinsons about 6 months after he took his delayed retirement at age 70. It short circuited all of the plans he and his wife had for their 'Golden Years' to travel and enjoy the fruits of a lifetime of work and living conservatively. Within a year and a half, Ira had to move into a facility where he can get daily assistance for his mobility issues-

IRA always provided a sound and thoughtful commentary when he posted- It's a travesty of fate- when you try to do all the right things to plan for a secure future

but you get handed a medical surprise that knocks your socks off and all of your hopes and dreams.....

So, make the best of long term plans and goals- but live the life today, everyday, instead of postponing to live it tomorrow.

Beast's goodbye:
Dear LB members, I believe this will be my last post here...more...
First, I am NOT attacking WillyT. I have enjoyed his posts over the years and I know that Rat has met him and considers him a "good guy" although I have never met him.
I want to spend a few minutes on the "magnitude" question from a factual stance. Most successful technical trading has algorithms involved except if they are penny stocks with no computers involved and then a lot of movement is more random.
Depending on how an algo is programmed, I have never known an algo to care about magnitude. I am sure there are some around, but I have never heard of them and and have spend 15 years writing trading algos for others. I have many examples when even the smallest of divergences have morphed into major reversals.
I noticed a long time ago, that when I would "eye" a trade that my "eye" was not a good judge of what I was seeing. How often have any of you "eyed" a trade and said, "that indicator is just sitting on it - did it cross it or not? - should I take the trade or not? Then on the next bar, price zooms away from you and you sit there like a deer in the headlights (I've been there and done that). That was when it hit me that Algo's don't look at things the way we do and since 80-90% of all trading is made by Algos, then maybe I should look at it like they do.
A trading algo is simply a bunch of "if / then" statements like any decision tree. IF this occurs, THEN do this.
In looking at divergences, the algo simply plots where an indicators (like an MACD value) is valued at one specific point compared to price at the same point - "Call it "A.". As the price and the indicators diverge, the computer continues to plot the progress constantly applying the "if/then" statement. At some point, the computer sees that price is higher the MACD has been trending up, but then the MACD turns lower with a lower value as compared to before - and the If/Then statement is triggered on the MACD turning down when price is higher and the MACD is not. The computer is not "eyeing" anything. It simply is calculating a value. IF the MACD value on this bar at 2.5 and on the next bar 2.4 - then it is lower and it is one of the variable that trigger the trade. Simple If / Then Value calculationsI could zoom in, but then I would not see the larger picture, and I need that as Rat taught me well. So, I zoom back out and everything is less clear. But the algo never cared when I zoomed in or out. That's when I started to train myself to not trade with my eye but with the actual values of each indicator and changes from bar to bar.
On the chart below, you can see my data window which I usually move out of the way for the most part when posting here. However, it's my bread and butter as far as trading. I look at the values up or down on those indicators when trading.
Is this something a trader that trades Daily Charts or 120 minute charts really has to worry about - not usually - but when trading 15 minute charts and lower, I find it invaluable and at the 20 second time frame, you can't do it without it.

Now that said, my health and this website are not good together and it's ALL MY ISSUE. I have been on an experimental drug for over 14 years to keep my Parkinsons at bay, but it's basically not working as well - hence the experimental label. With Parkinsons, if you hold your body steady and don't think anything emotional - you won't shake. Michael J. Fox did a demonstation of it on CBS Sunday morning many times. However, when you get upset or "off-kilter" it plays havoc with your ability to keep still.
Add to this issue are my heart problems. I have been having episodes over the past 2 weeks of tachycardia (fast heart beats) and B/P readings all over the place from normal to extremely and dangerously high. There is not much more they can do with my heart at this point as I was told this after the bypass in September 2021. I don't want or need sympathy. I have led a hell of a life and I am in my 70's now. Every single person in my family, except my parents all died before 69 years old. Only my parents lived into their 90's. Cancer on my Mom's side and Heart on my Father's side. So, I have looked at anything past 66 or so as a gift.
So all of that said, my emotional issues are mine and mine alone. When you B/P rises at the slightest emotional provocation is MY issue. I can't fix it. And when it causes my body to shake as it triggers Parkinson's - that, too is MY issue.
Bottom LIne - I can't continue here not knowing what will set my symptoms off. Again, my issue, not yours.
I am a very different trader from pretty much anyone here. I am sure you don't know anyone else that plays 20 second charts. LOL. However, my methods apply to all time frames and I hope someone learned something from my postings. I am aware I don't "fit" the LB board very well, but it's been fun when it was and I wish you all the best.
Good Trading to all,
Beast




I confess I could never quite decipher his charts on the 20 second time frame- but it was something he developed for his own trading over the years...
plus he provided quite a bit of feedback- and humor- on the LB site. He will be missed....

Since there is no one left standing-here - other than myself and my compulsive posting---it's important to be focused on the bigger picture- Living the life you want it to be..... when you can- not someday later.

I'll be dropping a note to IRA-tonight @ MDMURRY@ Hotmail.com - and, perhaps you could too wishing him well- It's got to be a very lonely path he is on- and easy to feel that you are forgotten.

Very weird- Smoke from the wildfires in Canada have pushed as far South to be noticed here in Raleigh, NC- I walked out this am and smelled smoke- thought it was a local fire- but it has persisted all day - and NYC is totally under siege with airports closed...

[sd]

6.8.23
Up waaay too early- reviewing some youtube videos-
David Keller's Final bar- excellent market analysis
Possible Market rotation as large cap tech softened and the Nasdaq settled lower- small caps a 2nd day of positive price action.
Software stocks taking a hit.
So, the current momentum appears to be the market is seeking out more value,
Home builders still trending- TSLA had a gap up but swung back and hit my trailing tight stop- taking out 1/2 of my position-
Well extended above the daily fast ema....
S&p above the 4200 level- but as DK video demonstrated, bumping up against another overhead potential resistance level 4325....618 as well for Fib advocates.
Trading the GAP set up- SMB video
Trader does some homework regarding the trade- identifies it as a strong candidate in the sector segment-
Has some positive bank analyst projections-
Looking for a pullback -a base- and an entry as price comes out of the base-
He demonstrates viewing that price action on a 1 minute chart-
They also refer to VWAP, which is the Volume weighted Average price....and I have had it on my charts in the past, but didn't particularly find it relevant at that time- I may include it on the charts again to see if it really acts as a support/resistance level- that price may range around.

www.youtube.com/watch?v=xYUto1XlJwA

I'm trying to improve my entry.....

Get bigger on the initial entry- as long as it is Close to the Point of Failure- where the stop will be waiting- to trigger for a small loss.

As I start using both the 5 minute chart, but also look at a faster time frame- to get that potentially earlier set up signal. Yesterday I was using the 2 & 5 minutes- may see how the 1,2 & 5 correlate -
Ideally I can target some earlier entries-
@ 6 am, the SOXL, TNA, TQQQ are all shown to be bid higher- TSLA $226.51

Setting up the order screen in advance-
I'm setting orders such as a Buy order for a limit price that is obviously way below the actual price- but it gets it on my order page in advance- Once the market opens, I can change the order to a new limit, a buy-stop order, or a buy-market order .

Similarly, I have a stoploss order to Sell 1 share at a very low price ($10) that I can adjust to Sell 100 at my actual stop price once the entry order fills-


NOT THE OPENING i EXPECTED-

SEVERAL EARLY TRADES
10:32 holding 150 TQQQ hoping for a break to the upside



3 screens- 1,3,5 minute views -


Seeing some slow upside @ 10:44


Initially I was filled on the higher breakout- band took a total of a 100 share position. 50 @ $35.51, 50 $35.56, and 50 $35.43 which reduced my average cost.
Price then pulled back inside and went into a sideways consolidation range- As it pulled back several times to the lower $35.41 level, I set a limit order to add 50 @ $34.43- with a stop-loss just below the range @ $34.37

As Price finally made a decent upmove- I sold 1/2 (75) of the position to lock in a partial net gain- and it also allowed me to trail the remaining shares initially a slight bit lower than my cost of entry-
With the comfort of holding a net gain, I'll use the trailing PSAR on the 5 minute time frame for 40 shares, and trail the upside increasing momentum with 35 shares to net a potential higher stop/more net gain.

ADDED A LATE POSITION IN soxl AS WELL @ 11:30- i MISSED SEEING THE initial breakup move- w-c-s- had a buy-stop waiting there at an obvious level- Because it was already a 4 bars up move, I set an initial stop risking $0.07 , but price made a step up so stop is at $22.10- $.04 below my entry cost-

@ 11:45- mkts are sideways -in a consolidation- I added another 100 shares to the 50 I'm in in SOXL - with a stop that risks $0.06 .

These tight sideways consolidations can go in either direction. but the majority of times, it offers an excellent entry- with a stop just a few cents below the range lows-
I also don't want to hit the "round number - so $22.10 is below the rangfe in SOXL, but I set my stop at $22.09 .

So, I've added some size today- ideally the upside momentum will continue- but I'm in the green today and it feels darn good!

getting an upmove in SOXL-


and TQQQ- Giddyup!

SLOOOW! got a small upmove- split the SOXL into staggered stops- Stop @ 36.23 triggers- stop 25 $23.19 Not yet- and I moved the 75 shares back to the very wide $22.09 - ideally that can see a significant higher move this pm -
Similarly TQQQ is trending sideways in a narrow range for the last 1.5 hours .

Trying to hold for the potential for a large gain- Devoid style-

Both are trying to make a push higher @ 12:21- if this push higher fails, it's almost 3 strikes and you're OUT! I won't react, but the bulls need to find buyers willing to pay up here....



The upmove failed to make any significant ground- and price has rolled over, stops were taken out- and so allowing some of the position to be at a wide stop didn't capture any benefit.

It's 1:30- just finished lunch, and heading outside to enjoy the remainder of the day outdoors-
To be sure, it's been a net positive day, but by being more relaxed with my stops- I've given up 50% of the "gains" on the day-
Overall, I'm pleased with the day's efforts.

[sd]

6.9.2023

Futures mixed premarket
Stops hit in SOXL,TQQQ for net gains @ 10:09- both triggered at the same time- .

i.imgur.com/22cA3rm.png[/img


jUMPED BACK IN BOTH SOXL,TQQQ- BOTH TRADES ROLLED OVER-

Appling the 3 time frames 1 minute, 3 minute, 5 minute views on the screen at the same time is indeed useful-

notice how the indicators- MACD followed the rollover on the 1 minute 1st- as expected, then the 3, then the 5.



sLOPPY DOWNTREND FOR tqqq-
Broke the open support after a bounce from there 10:45- Pushing the highs made yesterday....saw a doji @ 12:00 but it did not make a run back up to the downtrend line- similarly SQQQ is making a tepid move back to the earlier high but is pulling back, failing to make that new higher high.

I've made some small trades trying to play the small moves within the 1 minute chart- but that's just caused me to get chopped up


I targeted a re-entry level viewing the price decline on the 1 minute chart- and I set a higher trailing buy-stop that was lower than psar at the time $36.85
there was a hook on the stochastic on the bullish blue bar

[/img]https://i.imgur.com/Ve03OlX.png[/img]




Went long 100 TQQQ on the move off the bottom @ 1 pm - potentially a R.O.T.

Stop is within $0.01 of my entry as price finds R @ $36.65 - just now making a move a step above that level -
Stop raised above to $36.59




long SQQQ with a higher buy stop $36.77 to reenter TQQQ

i.imgur.com/Z3TVuH2.png[/img









[/font]

[sd]

6.12.23
Futures all in the green @ 7am.
www.briefing.com/stock-market-update
CPI tomorrow.

sET UP 1,3,5 MIN CHARTS tna,soxl,tza.



wINNING LONG TRADES TNA, SOXL - TNA filled on what was a very low Limit I didn't expect to get a fill on-
Winning trade for gains to start in SOXL- trailed with a tight stop...

Loss in TQQQ and then in SQQQ-

Thought semis were going to do a larger retracement- Both NVDA and AMD are heading lower- but the SMH index is up...

Holding a position in SOXS on the reaction attempt to make a 1 st R.O.T.



cHOPPY AND SLOPPY THIS AM- I've given back some gains- still in the green, as I've experimented a bit with the SOXS, Soxl AppaRENTLY, i FAiled to confirm my entry stop in SOXS - So taking about 2x the loss I planned on.

The TNA trades taken early this am worked out to be timely- Initial fill was on a wide limit order that I didnot expect price to decline to- particularly with a gap higher open- This was simply just lucky that the market then turned higher on the next bar.
I trailed a tight stop that was triggered- and I then reentered on the trend continuation - also with a tight stop adjusted higher



The High of the day came @ 10:15- made a 2nd push to go higher- reversed, and a trend line drawn between those 2 highs illustrates the tightening price range

Didn't take the time today to try to make trades and then post charts- Tried to stay focused- and viewing the 3 candidates and their inverse for trading opportunities-

One of the Points D has made, is to allow for some volatility - and some potential losses- but his experience -and timing of entries comes with years of experience trading this method- and is certainly enviable.
To get that earlier entry signal, I've started viewing with the 1, 3 , 5 minute charts- D uses the 5 min chart, but often makes an entry that is more opportune-
Viewing D's TQQQ trade today- He did not Buy at the gap up open- but on the 3rd 5 minute bar- near the low.



His 1st trade ended up stopping out for a small net loss - His second entry used the price pullback close to the 34 ema as a potential area of price support- and , the chart tells the rest of the story- +4% for the day- not tooo shabby on just 1 trade....

Here's an earlier chart- note that the entries do not always time with the 5 min MACD cross-

[sd]

6.13.23
Futures in the green early 7 am.
CPI report @ 8;30 am will be a potential significant catalyst for the market direction - any indication that inflation is coming down will support the thinking by the markets that the Fed will announce a pause tomorrow- with a 'wait and see' approach.

UBS lowers it's price status to neutral and his estimate to $180.00 due to a slowing in Iphone sales. Appl presently trades at a relatively high 29 x ....

This am, I'll get my charts set up -and may add some size to my positions today- Some of the lessons D has shared are sinking in-slowly- I went back and traded TQQQ yesterday afternoon- with 2 winning trades- and, about 10 minutes going into the Close, I tightened my stop from the 2 cents below the base range lows, and raised it by 2 cents- which got tagged just a few bars before Price made that last 1 minute run up to Close at a high of day. I could have netted an extra $0.25 on that trade.

SCREEN SET-UP Laptop powers the 34" screen I use-
I'm setting up 4 screens on the monitor to view the 1,3,5 minute price action , and the 4th screen will view the 3 minute Inverse ticker-
So, TNA, SOXL, TQQQ, and the inverse are TZA,SOXS,SQQQ.

I will also look to modify the Candleglance chart in stockcharts to give me the same information.



Setting up the order screen with buy and stop loss orders- premarket - to adjust to market buys and stops to adjust to an actual stop price once filled.


Everything is in the green after the CPI- so potentially we open higher -
I'll note the premarket bid/ask price.. on the charts.
Premarket pricing is a large gap up on the open- for all 3 funds.
TQQQ is $39.62 vs $38.49 close.
SOXL IS $26.08 vs $24.60 close
tna $35.42 vs a $35.05 Close-



TQQQ sells off @ 9:47- Bullish open in positions, but pulling back- AMD, TOST -swing trades, stops in place on yester



At the EOD, I got my entry timing wrong - I allowed myself to jump into TQQQ as it came off the open high- and tried to move higher-
That higher move failed to gain any traction, but I took it knowing the gap up was extended but thinking the market would rally for a bigger upside move-
Was I ever wrong!
then I doubled my pain, as it made a basing action up until 10 am, and I took a 2nd position trying for a tight entry at the the lows of the base- but that also proved futile- I should mention- I ignored what the MACD was clearly spelling out.....particularly on trade 2- I did make a small recovery trade later, but ended up in the Red at the late am hour - and said to Hell with this today- and went off to Bass Pro shops to get some tackle for this Thursday.
Fortunately, I had a good day in the IRA swing trade account ,making 5x what I lost in the Roth daytrades.
Today's Open in TQQQ was $39.37 and the Close was an uninspiring $39.35

TNA on the other hand- I didn't go into- it opened slightly higher, and mad a nice $1.20 upmove before topping out @ 10:30 .

[sd]

6.14.23

cOMPUTER ISSUES TODAY-
tRADING ISSUES TODAY.

ppi CAME IN CLOSE TO EXPECTATIONS- Markets waiting to hear the FED use the "PAUSE" word.

TQQQ & SQQQ - WITH VWAP- IS THIS MOST RECENT LOWER LOW (LL) AFTER 2 BOUNCES OFF VWAP SIGNIFYING A POTENTIAL FOR THE TREND TO GO LOWER?








Talk about a chopfest today! I managed to make some $$$ trading between TQQQ, SOXL, and TZA during the fed announcement today.

Ended up with a decent gain on the day- Going Fishing tomorrow-
As i honed in on viewing the price action , watching both the long side, and the inverse price action-
I made a few trades that caught the upswings- in the choppy follow up as the conference continued-
I also used an approach of jumping up my stop to B.E. as soon as price moved up $0.10 above my entry cost- caught a nice surge higher, and trailed a tight stop and locked in gains-

The last trades today were taken watching the cycle swings on the fast time frames- perhaps luck, perhaps just realizing that the moves could be very small and short lived-

My remaining TSLA shares stopped out today- I had set 2 levels of stops with a bit of width- and both got triggered today.

Perhaps the reality of the Fed's dedication to fight inflation finally sunk in with today's rather hawkish fed perspective for the rest of 2023- Is the market willing to listen and acquiesce- after being in denial and thinking they knew the Fed better than the Fed does?

[sd]

6-15-23

Futures are in the RED- @ 7 am - digesting that the FED told the markets yesterday that a rate cut is not in the cards for 2023. Inflation is too high and not responding to go lower at a rate that the Fed finds adequate-
Fed did make this a pause though- taking the -"let's See " how the data evolves.....although bearishly suggesting that 1 or 2 more rate hikes are still on the table.

I'll check in this PM-possibly afternoon as soon as the minnows run out!
GONE FISHIN!


Good time fishing, but the catch were all small frys and released-
Markets Closed higher - Indexes- at least- but what happened to the SEMIS? NVDA, AMD lower ? Is this a possible early notice that the rally that has pushed the markets so much higher may take a pause?
Oh yes- TSLA took out both levels of my trailing stops and put in day 3 of a lower Close. but, just pulling back to the fast ema. Buying opportunity ? HMMM- seems Odd that the high flyers are appearing to pause here.....

[sd]

6.16.23 Futures mixed- Nas slightly in the green- Dow & S&P slightly in the red.


Futures improved- Options Expiration today- added volatility-
Sector rotation benefitting industrials- CAT, ETN, XLI strongly trending higher- ETN significantly steady uptrender.


NON DIRECTIONAL


went long TZA, raised stop to just above entry- taken out as price reversed on inflation report.
Went long TNA.


Sold a partial tna, then the remainder stopped out at B.E. stop.

Back long TZA . sold 25 on the up move-0 stop to above B.E. on 75 shares



@ 10:41 a potential decline in TNA supports my TZA breaking above the trend line - new daily high

Grinding out profits in TZA, offsetting 2 attempts to time a price ROT in TNA- The velocity in TNA is to the downside
Most recent TZA $27.08 entry- Sell 25 $27.25, Sell 75 stop $27.18.

I have some earlier entries and exits in TZA- will fill them in


took a reentry-0 @ 11:46 price momentum appears to be weakening for TZA- I sold 50 shares for a $0.03 loss- Holding 50 with a $0.10 potential loss on a $27.18 stop .

TNA appears to be trying to make a base at this time- indicators are less bearish , but the trend is still to the downside. Just got the pop in TZA. as I write this.

stop raised on the upmove to $27.25 - coincides with the fast ema on the 3 min chart - I've got net gains cut in 1/2 by my 2 forays to second guess a R.O.T. in TNA-

Long TNA @ 11.58- as the TZA trade stopped out on a bearish red bar
Perhaps we are seeing a true R.O.T. @12:00



TNA APPEARS TO BE HOLDING FOR A BIT HERE- Stop is $0.01 below my entry cost

stop gets hit 12:07- it looks like we do have a setup for a R.O.T.



gOT A POP HIGHER IN tna AS i POST THIS PRIOR SCREENSHOT



wITH THE UPMOVE, i RAISED THE STOPS TO 2 POSITIONS- ONE IS TIGHT TO LOCK IN GAIN
The other brings my stop up to break even - and I will move higher on price action

50 @ $34.93 stp - price is over $35.00

raising both stops-


Split the position into 3 stops 25,25, 50 a bit wider -
Looking to sell 25 into a big momo surge if we get one - Price is at $35.09 level, positive green bar along the uptrending ema


Not seeing the big reversal surge - modifying the stops a bit - Trade here has negated my earlier losses into small gains. 1 day view chart




patience,patience,patience as a base hopefully develops here...and springs higher.

This is a potential Trend reversal from oversold- Price has made a strong upmove relative to the downtrend .
I'll give this some leeway with part of the position if an upmove develops - looking to make $$$ vs pennies-

i.imgur.com/sNTzz6L.png

Tries to pop higher - a rejection/fail here will likely take out my stops -


aS i TOOK A SNAPSHOT OF TNA in a 5 min chart- my tightest stop-loss triggered as Price made a pullback and looks to be weakening. my remaining 2 other stops will lock in some gains- The final stop is under the $35.00 price -
likely gets triggered.


Stops all trigger as price rolls over on the fast time frame.


Here's a look at the TQQQ - in a sideways range today


SOXL wider sideways range

Took a fling at SOXS RED BAR GOT ME- TOOK A 2ND


heading out to mow some grass @ 2 pm-
Came back in @ 3:15- nice pop in SOXS- tightened the stop and it was triggered a moment later as price pulled back .
Position size was 150 shares- so that'll buy a big mac @ Mcdonalds!

[sd]

6-17-25 With a 3 day weekend - much to do in the yard/garden, and perhaps get to some of those painting projects I've put off . This week was a net positive for day trading- but the year is 1/2 over-today-

Bull market rally widening out across a broader group. Tech is up large YTD and the SPY making new yearly highs-
All of the doomsayers are having to readjust- and still persist to say the markets have not come to grips with the reality of lower earnings, lower growth and a likely retracement- as we see growth slow-
I had a swing position in TSLA that came back this week and took out both trailing stops - after selling 1/2 on a bigger move the week prior-

I;ll have to initiate some new swing trades- I missed out on a lot of potential trades focusing on learning to day trade with the 3x etfs- My issue remains, that I tend to trail a stop too tight, and lock in those gains- or too tight and try to take a minor loss- Just what I'm comfortable with being Risk adverse to a fault.....

[sd]

6.18.2023 Father's day-
A great family get together for a mid morning Breakfast, Where my 6 mos old grandson Finn decided he really doesn't like me at all! and then back to the home front- 90 degrees -
Heat index in Texas up to 110 degrees, Severe weather is being seen across the country.
A lot of extra time spent watering since we haven't had any substantial rain for several weeks- small passing showers-
Sec of State Blinken visiting China - hoping to ease tensions between China & the US...



Monday markets are closed- so i'll be catching up on some more Masterclass video lessons and reviewing trades I've taken this week.
Swing trades-like TSLA pulling back on Thursday to trigger my stops- but going higher Friday- are particularly difficult for me to try to get back into-
We seem to see a surge in FOMO trading-

fOR EXAMPLE- Chat GPT has been the buzzword for Tech stocks- In Semis- NVDA has the predominant lead in this area, with AMD a follower-
This week, AMD has weakened after porting a 51 point gain from the prior lows- And, a crossover of the MACD which has previously been a good indication that price would potentially decline- And a bearish RED bar Closing below the fast ema- Support should be calculated from the recent basing above the $115 level. Technically,, I think this indicates a top was made, and Price heads lower on a pullback - Typically each recent MACD downside cross has seen Price move lower----- Let's see if this holds true for AMD

[sd]

6.20.23 Futures in the RED-

AI buzz perhaps waning ....Premarket AMD is down after printing a red bar on Friday as well.
Semi index is in the RED , NVDA up slightly
S&P is now pushing the $4400 level - and past resistance- $4200 should now serve to be a technical support- that would perhaps ring the bell if (when) the S&P closes below-
The CNBC bearish view- is that we will see a market go lower -later- based on 19.5x valuation that won't be supported by future earnings that are expected to decline.


bEARISH tRADE SOXS


SOXS winning trade -


sTOP RAISED TO $10.44 AS PRICE Pauses.


fLIPPED to SOXL - stopped out for a small loss on 1st trade- tight stop $24.09 hit.
@nd reentry raised stop to my entry cost, which stops out as well



Holding SOXL - trying to see the price turn to show some upside momentum -
Finally, @ 12:26 as I write this, Price moves through the $24.40 level.
Since this is now a slow day, I may take a breakeven on the day as a good place- presently in the red $-21.00



Elements I'm reviewing today-

Comparing the MACD earlier signal on the 3 min time frame vs the 5 min time frame-

Viewing a Long signal on TNA -
The 3 minute signal triggered @ 10:45 and saw price to go down further for the next 4 bars - undercutting the price of the entry signal bar by $0.18
The 5 minute signal on the 5 minute time frame triggers @ 11:00-and at a higher price. $34.15 . and is also in an existing downtrend- Price declines
for the next 30 minutes.

The 2nd signal that occurs in the afternoon- As expected, the 3 min gives an early entry signal about 15 minutes ahead of the 5 minute and at a slightly lower cost basis. The entry signal coincides with price making a recovery above the ema's , and had 2 bullish green bars .
Price did make a retest @ 3:09- red bar which became the low of the 5 minute signal bar. @ 3:10 .

The lows of both PM entry bars would have worked as an initial stop-loss (Risk approx $0.10)

Recognizing that the 1st potential entry was at a disadvantage due to the predominant downtrend underway - This was a continuation of the downtrend from the prior day as well.

TNA 5 min chart:





TQQQ 5 & 3 MINUTE CHARTS
Again, a similar theme as seen in the preceding TNA charts- The prevailing trend from the prior day was to the downside-
The 3 min chart signaled a MACD cross @ 10:45- about $38.80 The 5 min chart signal occurs @ 11:00 slightly higher $38.95 .
The 3 min entry saw Price decline well below the trade entry 1 by 5 bars- This is the effect of it being dominated by the prevailing downtrend from the prior day-
As Price is attempting to make a R.O.T. (reversal of Trend} The 5 minute -delayed entry saw a shallower price decline following the entry.

[sd]

6.21.23
Futures all in the RED-

PREMARKET SET UP: Potential trading candidates- SOXS,SOXL,TZA,TNA,SQQQ,TQQQ



the Premarket pricing indicates a bearish open- and likely a gap higher for soxs, tza, sqqq.





I bought my 1st 100 lot $10.38 @9:34:52- I set my initial stop at the early low, but then dropped it a few cents lower.
I added to the position as it came back and touched the low, but I was slow to get the order in , and it filled $10.265 @ 10:40.

This made my average cost $10.32- for 200 shares- I then sold 25 shares as price had moved up to $10.44.
This am 9:56 , I'm up approx $30.00 with price @ 10.42- but I'm going to try to hold- and gradually scale out 75 of the 175 shares if price manages to move higher.


Did some selling at mkt- and raised a stop on the 25 - which got taken out as price retraced-
I've moved the 100 share stop up to $10.42 which will net just $10 profit- but I want to see if the trade can go significantly higher.



Also bought EXAS this am on the initial pullback off the high open- I used a buy-stop $95.05 and got filled as price moved back up




This pause in the uptrend and pullback to the 10 ema -so the $10.50 level is the 1st significant swing low .


the SQQQ tech bear is almost in lockstep with SOXS


Powell testifying before the house financial services committee.

Close up of the price and the indicators on the 1,3,5 minute time frames.

TZA small cap bear fund started off with a gap open higher. but is pulling back .



possible breakout - I have a limit order to buy inside the base with a stop $0.05 lower


I didn't get the fill- I was slow to enter the order- Price did break out higher- I sold 20 shares into the

stop raised 50 @ $10.75 30 @ 10.60


HIGHER STOPS -anticipating a potential pullback @ 11:20 am . Nice gains in place should stops get triggered.






soxs momentum stalls, Price retraces - high stop is triggered - next stop is only slightly lower


both stops triggered- Not annotated on this chart, as Price paused at the $10.80 level, I purchased 200 shares @ $10.79- and, I immediately changed the stop order for 30 @ 10.77 to 230 @ 10.77 which almost immediately triggered. I viewed that $10.80 level as a potential support based on the price action and pullback
The 200 share trade lost $4.00


Price appears to be trying to base @ $10.75

Ended up repurchasing $10.84 as price rebounded higher- It went up just a bit- and instead of leaving my stop to be a net loss @ $10.79, I raised it to $10.88

I also bought SQQQ and it turned south for a net $6 loss on 100 shares



TQQQ- used a Buy-stop order above the top of the range for an entry- Caught the upmove and trailed a stop aggressively- Quick .87% net gain


Final trade -caught a small up move


Nice Day today -Profitable trading all in all.
I did size up on share size- in SOXS with a 200 share position, and I scaled out early the 1st 100 shares in parcels as price moved profitably-
In hindsight , I would have had a much larger net gain had I held and not sold, but netting some profits in the bag helps take off the desire to take a large position off.
As i experiment in this faster time frame and the 3x funds- I'm gradually feeling I'm getting much more comfortable with learning the lessons that only come by taking multiple trades and essentially willing to experiment with entries, exits, stops....and also learning to "size Up' .

For example- If I take a typical a 100 share as a standard position size- but If I'm buying a $10 ETF like SOXS - versus the more expensive $40.00 TQQQ
I should certainly Size up depending on how far the RISK is on the trade- It makes perfect sense that If I'm willing to Risk $0.10 on a position in SOXS, I should be willing to Risk considerably more in a ETF that costs 4x as much.

Other aspects of trading- order entry- getting that Order entry Close to the P.O.F. - A term that I 1st heard explained by Alan Farley- but it's a simple concept that I've started trying to apply- but I really need to time that concept with the indicators ---

During a price pullback where price then pauses, and several bars all come close to having the same low- This is an ideal lower Risk place to consider taking a position- Of course, elements need to be evaluated such as what is price doing regarding Trend- Is Price extended to the upside- or to the downside-
Perhaps this can be combined with viewing indicators oversold/overbought - both may be indicating a potential point where a reaction back to the mean may occur...
When one views price simply through a Daily chart , these Islands of Price exchange are not obvious. As one drills down on ever faster time frames, these points of price transition and consolidation , become more evident.
Using the examples provided in a fast 2 minute chart , these periods of Price consolidation provide a potential lower Risk point of entry- that needs to be considered in the context of where it is in terms of Trend at that point in time.
i.imgur.com/r6nW3Mk.png[/img]

What is most interesting in defining the price making several multiple lows at a certain price point becomes a potential short term "support" where buyers step in - thinking Price is at a 'Low' and perhaps a perceived value at least at that point in time- Perhaps only measured in context of the present time frame trend...

By identifying the multi bar basing action of the price on a pullback- taken by itself - will end in mixed results-
The highest probability actions would come from taking an entry when price is in an uptrend- and potentially during the 1st or 2nd such periods in a pullback in the uptrend.
The basis for using this as a potential Add/Reentry is that of basic physics- An Object in motion (trending) is likely to remain in motion, until another force causes that direction to be changed ( My paraphrasing) A sideways or slight price pullback is not uncommon and should be expected and anticipated. As should a trend continuation, until it proves otherwise.

As this chart only shows Price with a 34 ema, note that the indicator does a good job only After the upmove...











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