Stocks mk1
- Thread starter JTrades
- Start date
CAKE could be breaking the afternoon lows here.
ARWR sideways.
That FB idea: would be closing now at 74.62.
WYNN broke lower past 193. I actually think it could be a good long from here, but not going to.
A few things on the watchlist, but not planning to enter another position today.
ARWR sideways.
That FB idea: would be closing now at 74.62.
WYNN broke lower past 193. I actually think it could be a good long from here, but not going to.
A few things on the watchlist, but not planning to enter another position today.
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It's Sunday. Labor Day tomorrow.
Reviewing this week's trades.Unsatisfactory at best Sh*t.
More work, focus, discipline and patience required.
CAKE could turn down next week, but apart from the primary trend slightly down there's not a lot to support this idea.
ARWR is a better idea (my opinion as it currently stands). The entry might have been too early.
WYNN in a descending channel. It's no wonder it turned down on Friday - from the top of its channel. The mistake on this was simple: tried to catch the bottom! I even posted "Don't try to catch a falling knife" in the proverbs thread.
Not the most typical of weeks: summer, quiet, pre-holiday weekend, at news highs, but atypical week no excuse.
There were better opportunities to be had. Doing nothing was probably favourable to taking the above trades.
Something to remember: A kestrel dives down to catch a vole, but immediately flies back up to altitude if it misses. It doesn't stand around in the grass (with limited perspective) hoping another vole will come along.
Reviewing this week's trades.
More work, focus, discipline and patience required.
CAKE could turn down next week, but apart from the primary trend slightly down there's not a lot to support this idea.
ARWR is a better idea (my opinion as it currently stands). The entry might have been too early.
WYNN in a descending channel. It's no wonder it turned down on Friday - from the top of its channel. The mistake on this was simple: tried to catch the bottom! I even posted "Don't try to catch a falling knife" in the proverbs thread.
Not the most typical of weeks: summer, quiet, pre-holiday weekend, at news highs, but atypical week no excuse.
There were better opportunities to be had. Doing nothing was probably favourable to taking the above trades.
Something to remember: A kestrel dives down to catch a vole, but immediately flies back up to altitude if it misses. It doesn't stand around in the grass (with limited perspective) hoping another vole will come along.
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Wednesday morning, about 15 minutes in now...
ARWR up for the week and day. Currently printing above 16. Entry was 14.55. Expecting a retrace.
CAKE lowish to average morning volume. If it breaks and holds above 45, then will close.
KMR - volume came in at yesterday's close. No expectations for it today.
ARWR up for the week and day. Currently printing above 16. Entry was 14.55. Expecting a retrace.
CAKE lowish to average morning volume. If it breaks and holds above 45, then will close.
KMR - volume came in at yesterday's close. No expectations for it today.
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