Takeaways:
- So clearly I need to be able to stay calmer and do math quickly in volatile situations
- I got lucky today that $ROKU gave a little more follow through after initial pop ---> Note I GOT LUCKY and this was wakeup call
- So some solutions to fix this problem (5):
- Have to know volatile name like this will be more slippage so maybe throw 1:1 a bit higher
- Calc stop and 1:1 BEFORE TRIGGER
- Be prepared for volatile names like this to have to do math quickly and stay calm
- Have to practice mental math of larger numbers 50 - 100
- Have to practice and visualize staying calm with trading more volatile names
Sleep: 6/10
- On phone way too much and did not shut off screens
- felt weird with way more light being out but still unacceptable
- By 8:30 need to cutoff all screens
- So did the military sleep method while thinking about the yoga nigra technique and def helped a lot
- Almost slept throughout the night
Market Summary:
- With gap up tough spot to buy right at open
- Too extended to buy not extended enough to short
- ST in red zone
- Long here is difficult in the morning
$ROKU - Entertainment - Communications
- Board approved restructuring plan; Cutting 6% of workforce or ~200 positions; To take $30-35M --> Market has loved cutoff mechanisms
- Slippery, Momo, Growth, Squeeze, MC 19.5B, ATR 4, AV 8.4m, SI 11%, Beta 1.73
Plan: Long through 66.5 (0.75 ATR Ext) or look for hammer pull in around 66, be careful off open
Execution:
Momo Drive at open
9:45 Inside 5 (did not take)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-03-30 09:31:33 | ROKU | buy | $66.280 | long |
2023-03-30 09:31:33 | ROKU | buy | $66.350 | long |
2023-03-30 09:31:33 | ROKU | buy | $66.350 | long |
2023-03-30 09:31:33 | ROKU | buy | $66.350 | long |
2023-03-30 09:31:33 | ROKU | buy | $66.360 | long |
2023-03-30 09:31:33 | ROKU | buy | $66.370 | long |
2023-03-30 09:32:36 | ROKU | sell | $66.830 | long |
2023-03-30 09:35:26 | ROKU | sell | $65.620 | 0 |
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