Theme lately is patience, let everyone else do the heavy lifting and get bent — blow them out and then pick up the pieces. Most things are getting absorbed in this market. AISP OUST NXL all great entries today then grind me back to entry vs. the ones that stay heavy VVPR BROG which were the big winners. There is no rush on entry anymore. The volume is massive. Range is massive. Spread risk around multiple names and focus. You won’t nail them all so don’t try.
Slim list for tomorrow — CGC ACB both of which I tried into close ACB was flattish CGC I started in but kept ramping about .30 cents higher, I wasn’t planning on any scale on that one unless under the levels I gave. For those not good at front side moves – as you saw on both — including VVPR BROG etc gave you levels each time.
VVPR killer bias there — not always going to be right on bias but the most important part of a bias is not to force it to be right, that’s where the losses start to accelerate. But, it is nice when it behaves well. As you saw on my trade I had some entries and then scaled the back side. The only time I felt confident w/ proper risk was the time I posted I was short in room.
JZXN nice liquidation play we’ve been watching.
Main Watches:
CGC gap up parabolic – reactive trade is ideal. Adjust if weak open.
ACB same and cheaper way to trade borrow cost wise.
Failed Follow Through:
CXAI higher better and back side nice levels today
VVPR lines worked to a tee – ideally use them again.
Continuation:
SNDL why did I sell that swing?
LIFW dips for possible LICY ish move was idea today
STI hopefully patience works
ONMD held a few over.
Staying Familiar:
Thanks