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Trading Journal 23rd Feb 2022
Situational awareness:

#futures are green but I am bearish overall. Maybe we get a rally. Will be focusing on #SIPs mainly to the short side.
Pre Market Work:
$MELI, $PANW and $MNDY stand out as the best #SIP plays. Fade the gap up and press the gap down is the plan. $LOW also looks a potential 10ema tap and red type play. Especially with #HD dropping so much yesterday. $SEAS looks a good long setup #Swing

Trading day:

Tried to short $OSTK, Some of the others dropped too quickly for me to have any sort of Risk. In hindsight $OSTK was too strong, possibly should be avoiding these when it wasn’t from night before. I got in twice. Not awful ideas and risk but probably too much size for such a high beta stock. Shorted $CWH after. Worked but again size too high and too keen to get going. Short $MES now working well but not happy with the day. Not great performance, I think I need to really parse the faster moving stocks. I am not good at trading things like $OSTK. Had a nice trade in $MA. That is more my style. Stick to it.

Also hiding the P&L was double edged today. Will see on that one long term. Started using chart based limits and stops on IBKR it is very good. Will continue to use this for visuals.

$MES trade going well and good movement of stops and limits. Final runner now to $4260.

Took another $MES trade, the setup was there but in hindsight I should only be looking at futures level to level. I was in no man’s land.

End of day Thoughts:

Poor day in terms of profit, some mistakes in the morning but nothing terrible. Need to make sure I am more settled with my decision making at open if I am to day trade gap ups. Pushed $OSTK and ultimately that tainted the day regardless of work after.

Market breaking to new lows. Let’s see what happens tomorrow. Reset, refresh. Good trading.

Notes & Open Trades:
N/A

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