March 26
Stock charts provided by Tradingview.com
Entries charts provided by IBKR.com
Trades:
Trades Taken: 2
Trade Plan
Yesterday: Very clean range yesterday, an afternoon squeeze to end the day.
Plan: With 10 minutes to go, yesterday’s highs showing resistance in premarket. Low of day for the longs, next range up for a short if we get through previous close. A push through previous close, and attempted remount of that level (long) with enough distance would be interesting as well. I may take first level short (spy yesterday’s highs, qqq previous close) depending how we open.
Result: One red, one green trade. Very pleased with the red trade. Held my ground and got out properly on the push back up into resistance. QQQ 490 calls SPY 573 calls
March 25
Stock charts provided by Tradingview.com
Entries charts provided by IBKR.com
Trades:
Trades Taken: 1
Trade Plan
Yesterday: Relatively clean trading day yesterday, SPY hanging around the 200 ma.
Plan: Much prefer a dip out of the gate to test previous close if we have the distance. Multiple short levels above for a first test short.
Result: I was looking for a dip into previous close, and that’s exactly what we got. A last minute dip in premarket, and I knew I would start averaging at the open into the first test with major protection of high of day, previous close, end of day vwap, and 200 ma. Patience, discipline, execution. Nailed SPY 574 calls with averaging, nailed it at lows with more size (right when we properly tested level) with a nice payout into first target, getting out fully by 10:00 numbers. Worked again nicely on retest, did not take that. I like the snapshots 20 or so minutes after the trade as it shows natural flow of the open. Did I catch the bottom? Does it matter? Focus on understanding how the market moves, capitalize on the edge.
March 24
Stock charts provided by Tradingview.com
Entries charts provided by IBKR.com
Trades:
Trades Taken: 1
Trade Plan
Yesterday: Vacation last week, time to get back to it. A big news week last week, but price stayed within range.
Plan: After a “range” week last week, we are getting a significant gap up this morning. SPY has the 20 and 200 ma just above, with a range area (576) just outside of risk. QQQ short similar, a gap fill above at 491.79 and the 200 ma just above. Both markets are extended for a proper long entry, but moving averages (5 and 9) and previous close if they test.
Result: Markets with a quick dip but not to an area of interest. Waited for the short and averaged in on SPY 575 puts for a decent play to start the week. Trapped and squeezed multiple times later in the morning, SPY working well at short level multiple times.