12/12 watchlist review

Hope everyone had a nice trading day this Monday! I wanted to ask you traders a question. Answer me in the comments section if you can. Since you have began to trade have your monday mornings become a time of excitement. Are your weekends what your weeks used to be and now your weeks what your weekends used to be! In my case I know that Sunday night I am super excited and happy that Monday is right around the corner. Friday night I usually get bummed out that I can't trade stocks for the next 2 days haha that's just me!

Anyway, let me get on to this post. I am going to start a new blog topic. Whenever I have a watchlist the night before I will follow that up with a blog post the following day reviewing that very watchlist. You and I will be able to see what worked what did not work and how I could've improved my list for the next time. Hope you enjoy.

WETF---My bias here was for a short either on a g/r or a move lower and pullback. What you can see here on the intraday chart is that this is exactly what happened. As you look at the chart you will see the initial push down to red. If you did not catch that first push on the 1min chart that's ok. Next you see a pullback slightly going green again but that is the exact pullback we were looking for, once you see some red this is your green light to short. As you see it was quite a successful trade for the rest of the day.

TWLO---This one was tricky but if you played your cards right you could have exited with a small win or at least break even. My plan here if you look at yesterdays watch list was a short. I had no plans at all for a long in this one ( daily told me this ). So the plan to me was either a g/r or a small gap down and pullback for the short, Well, if you look at the intraday chart what you will see is that the pullback was slightly higher than anticipated but if you had entered earlier for the short your conviction that it could pullback more ( remember the daily was not set up for any long set up in my point of view ) would keep you in the trade. TWLO makes a high of 29.42 and from that spot your trade is valid for close to a 1$ move lower. What could have been done differently here. Well one thing that could have improved this trade would be to stay patient and expect that higher move and not to short it so low. Remember ask your self this. If i stop out , am I stopping out because the proce action as TRULY invalidated my set up or not? In this case if you stopped yourself out too soon the answer would have been no. 

OAS---My plan here was a long, we were seeing some awesome coiling action which screamed long to me. It doesnt always turn out the way you want it to. In this case the switch was very simple. We saw a big gap up which in my opinion had to be faded but the initial action needed to look weak and form a lower high. And that is exactly what happened. A safe short all the way back down to cover the gap 

CSRA---This one did not go as planned at all...that is why these are ideas and not sure things. If your plan doesnt materialize itself...DO NOT TAKE THE TRADE. The set up was great but there was also a ton of resistance above and when weakness was shown at the open that was a clear sign to stay away. Or if you planned for that weakness take the short if not stay away. What would i do different next time? mmm maybe plan for the fade at resistance set up. 

VOYA---Another one that went against what i expected. This wasnt as easy bc you may have been tempted into taking a r/g but it just didnt look very clean in the early hours so it may have been best to stay out. Not much I would have changed here in terms of my watch list ideas...If you have any comments please let me know 

ATW---Finally one of the great plays of today. My plan didnt equate to exactly what happened but now I can adapt for next time when planning it out. My idea was either a red move out of the open and a retracement to the resistance area for the short. Not quite what happened. What ATW did was it gapped up quite a bit and tried to flush down ( which is why I always try to wait for a lower high before shorting these gap ups ) and then shot up. The long set up was legit but remember your plan and stay disciplined, it was waaaay too extended for a long. What can you do now? Just wait for the lower high or topping out. Not too long after the move came to an end and a mini lower high was put in. No more confirmation was needed this was the moment the push was going to die. So what would I do differently next time. Plan for a push higher out of the open and wait for the short even if it looks too extended you never know!