NFLX is a massive loser right now, consistently most days. Any extremes seem to lead to further downside. Maybe its a good idea to short these spikes? On the other hand QCOM is the opposite. Maybe this is what A.G meant when he said trade in the direction of…
I've been doing really well in my swing positions, and its again translating to day-trading with reckless abandon. ORCL : This is not a high velocity entry. Only enter high velocity on FB. SPY : entering on 3rd candle, which is a no. It would still be a loss trade,…
Every time you break your own rules, you make it more likely that you will do so in the future as well. If market doesn't punish you right away - its even worse, because you'll have positive feedback associated with rule breakage. So: Do not break…
So this happened today, and its a classic Gerchik breakout with a bounce followup. I am trying to keep it simple right now, but I will be adding this model to my system.…
Had a +1R fairly uneventful day today. Didn't stay in MSFT trade that would have been rather rewarding if I just kept the SL where it was originally placed. My kid needed feeding in the morning, and I put the stop into lossless position and went to feed…
So someone is being very crafty with false breakout liquidity sweeps on NVDA. Basically doing a whipsaw during second 5m candle (see 1st image) or right after what looks like a bounce (see 2nd image), or new momentum high just after what looks like successful FB. How to trade this?…
Failed to take this setup on QCOM due to internal dialogue. I've added more accurate Gerchik ATR to the D chart, which at 154% and at such clear level, and perfect VP zone should have been an entry into a F.B reversal. QCOM : Trade not taken I…
Today, I can honestly say, that I am over FOMO and "Have To Trade" mentality. I am sitting right now, watching market, which is confused and sideways, and I feel no inclination to take the weak half-hearted setups I would have otherwise jumped into just a month ago.…