Notes:
9:36AM – Starter @ $9.00 based off $GRPN weakness
9:39AM – Pre market plan “Target: PLEASE give me $9.50-$10 or will look to fade if $GRPN gets weak.” Will look to add as long as $GRPN continues to fade.
9:45AM – Not real happy about this pop above $9.00 still watching $GRPN SPY, both weak.
9:47AM – $GRPN continues to fade, looking to add pops.
9:51AM – Won’t add over $9 this early though. Seems to be basing there, may push higher before fading.
9:54AM – Going to continue to “try and make this work” as long as $GRPN stays under $4.00
10:04AM – Hmm looks like maybe my theory of $GRPN and $QUOT being couple is flawed. $GRPN keeps fading and $QUOT keeps grinding.
10:20AM – Already rode out the early squeeze, stop at $9.30, look to add to winner and fade all day.
10:29AM – Running out of patience, but $9.30 is resistance and a double top.
10:44AM – Ok tops is in, time to start planning adds.
11:02AM – Gonna take a quick break and reassess, basically flat right now.
11:31AM – Grrr.. $GRPN on lows $QUOT popping up a little a bit.
11:42AM – Added into bounce off of $9.30 and $GRPN fading/getting ready to crack.
12:18PM – Nice pull going to try and hold out for Green to Red.
2:04PM – Sitting pretty much on LOD’s, $GRPN little perk ideally a fail on $GRPN to really pull $QUOT
2:41PM – Time to start looking to exit, trying to hold for a wash, but $SPY strong and $GRPN strong, and this is down a lot.
3:44PM – Will be out by close, probably a decent overnight hold, but busy tomorrow.
3:51PM – Covered at $8.43, just wish $SPY wasnt closing on HOD’s or else I’d hold over.
Thanks Tim for this kind of notes, nice way to show the thought process.
Thanks! Lately I’m been going against my “self talk” in my head, so I’ve decided to go back to writing it down for more discipline.