24/6/2021 (Thur) | PLUG

VIX currently trading at 16-17 level, the market still a bit slow. However, today have a bit more setup to trade (still not some great setup that I wanted to trade, these trades can actually be eliminated)

The stock previous day has a strong uptrend day after the opening flush, today the stock break below the pre-close level and drop towards the pre-day support range, and therefore long the reversal aiming the pre-close level. Didn't long above VWAP at 33.5 level, instead, waited for the stock to drop and see if it can hold levels and trap some long out before entering.

It breaks below the support level and uptrend line, and it shows strength at 33.32 level. Long at 33.37 risking towards 33.32 breaks. Then Scaled out near the pre-close level and in every weakness in tape, holding a small piece to breakeven

 24/6/2021 (Thur) | BYND (should eliminate this kind of trades)

The stock has RVOL only 0.7, should not trade the stock, having high spread and low volume. (And it failed to break the daily support level)

 23/6/2021 (Wed) | SPLK Second Day Play

VIX currently trading at 16-17 level, there are very few setups that exist, found SPLK is ok to trade, originally planned to take out at the previous day close level, but the stock failed to break upside, get out 2 times at breakeven and stopped out once at the trend following short.

Not a great market condition to trade aggressively, therefore, going to take a small break in the next 1-2 days and trade less.

 21/6/2021 (Mon) | MU Second Day Play

• short interest: 2.05%

• Inst. own: 82.92%

• ATR: 2.49

• Beta:

• Volume: 118,750

• Average volume: 19.3M

Execution:

• Short, then flipped long when the stock show strength after breaking the daily key support level, it holds a tight range higher low and the stock still holding even at the upside rejection, therefore flipped long risking towards 76.17 daily support level, started to scale out at the previous day resistance level and also after the rejection candle.

• Then the stock break down and hold below pre-close, there are no bounce for me to scale out, therefore holding the rest and see the strength of the bounce before getting out. The stock show a bit of strength at 76.7 level, I added into position, but seeing the stock turn against me instantly. Therefore stop out the add, and stop out the initial trade at the breakdown and seeing the weakness in the tape.

• Then when the stock trade towards support level, although the stock hold 76.10 level, the tape is a bit weak and keep trading at 76.15 level, even after breaking and tried to hold 76.20 level, therefore I short T1, but stop out instantly when it trade against me

• After the short trade getting stopped out, re-analyze and saw a bit strength at .20 level, the bid started to stack at 76.25, therefore long at the 76.25 break and hold, risking towards 76.15 level, potential target pre-close 76.95, added at the strength. But knowing that the stock is a bit weak at this push, when it approach 76.5 level (pre-resistance) scale out some and out almost all at the break and reject, stop out the rest

• I saw weakness at 76.45 level, but not enough conviction to start a short position around there.

 21/6/2021 (Mon) | CRWD

• short interest: 6.03%

• Inst. own: 47.37%

• ATR: 8.63

• Beta:

• Volume: (found on scanner after open) R.vol 2.5-3 at the open

• Average volume: 3.72M

Execution:

• Found the stock from the scanner, daily chart looking great to short, and the volume are great as well, however this trade might be a bit impatient as the stock already quite extended to the downside and trading at the daily support level, therefore after getting stopped out, while the R.vol is quite low at 1.8 for the stock traded on the first day, not trade the stock afterwards.

 18/6/2021 (Fri) | No trade day

Do not like the action of the market today, most stocks are trading along with the market. Missed the short of MU holding below 78.75, and don’t see another opportunity to trade afterwards.

 17/6/2021 (Thur) | ORCL Second Day Play

• short interest: 1.74%

• Inst. own: 47.49%

• ATR: 1.77

• Beta:

• Volume: 27,792

• Average volume: 12.8M

Execution:

• At the open, the stock push towards 77.5 level, then the stock consolidates at the range of 77.25-77.4, in the tape the buyers looks like bidding the stock up, but it quickly fails when trying to break the previous high (This trade is a bit chasing into price without too much confirmation. The stock then turns against me breaking below the consolidation. Stopped out all the shares. (the trading platform have some execution issue, the second stop out is a bit late)

• Then when the stock breaking below opening low, it retraces towards pre-close and 77 level, it breaks 77 level and trading at 77.01-77.05, then the stock quickly breakdown and hold below 77 level, originally wanted to add one more tier but that's ok. Out almost all at the key level as volume expand and failed to make a new low, stop out the rest when breaking the red candle high.

• Then the bid started to hold 76.80, and rebid 76.79 level, long at 76.82 (after few attempts of breaking below 76.79) risking towards 76.75 level, and scale-out at the key levels, add at the confirmation of holding above pre-close and pullback holding 77.25 level and show strength. The stock has few attempts breaking above 77.5 level, and once it rejects, scale-out some, when the stock break 77.53, make day high, there is no follow-through, therefore out most at the rejection and let the rest to run.

• Saw the last trade opportunity after resting for few minutes and went to the washroom, seeing the stock holding pre-close well and tape speeds up, out at the 77.3 level and it keeps failing at 77.36 and 77.34 level, also there is a large offer sitting there. Stop out the rest for flat

 16/6/2021 (Wed) | VRM Second Day Play

• short interest: 10.23%

• Inst. own: 55.53%

• ATR: 1.94

• Beta:

• Volume: 45,xxx

• Average volume: 2.28M

Execution:

At the open the stock breaks and rejecting 39.75 level, trading to the downside, the stock breaks and retrace, when I looking at the tape, the tape is weak, as second day play stock once it drops it will drop really fast, therefore entering at the retracement risking the same candle high. Out some at the key support level, but short the wrong stock at the low, I originally want to short ORCL but shorted at VRM. Luckily, it only fills one share, so I let the rest go further. Then once the stock starts to trade to the upside, there is a downside wash breaking below VWAP, Long at the strength targeting pre-close level. Added when the stock holds the support level below VWAP and the tape failed to push lower. Scale-out at the weakness in tape and at key levels

 15/6/2021 (Tue) | VRM

• short interest: 10.23%

• Inst. own: 55.53%

• ATR: 1.94

• Beta:

• Volume: 28,461

• Average volume: 2.16M

Execution:

The daily level is so clean that the stock quickly breaks 42 level after the opening drive, the stock breaks and reject 42 level which shows the weakness of the stock, at that time I am looking to short when the stock have the second time rejecting 42 level, but the stock didn't do so, therefore missed the short trade. Then the stock triggered SSR 40.75 level holding really well, tried to long the stock to trade the reversal but the stock is really heavy, while I want to hold the stock till I want to short, but the stock is really heavy and failing to break upside, therefore first cut 1/2 then stop all out at original stop.

Then I re-enter into the trade when the stock hold the low, this is not a great entry as the stock is really heavy, SSR line is not a very key level for the stock, therefore this should not be a trade. Instead, should wait for the stock to test the 40.75 daily key level.

And i keep re-entering the stock and add back into the trade, but the stock get me out, although I flipped long, but that's not a great area to short, i stopped myself out.

*Trade with what I see in the tape

 14/6/2021 (Mon) | MRNA Reversal

• short interest: 4.05%

• Inst. own: 48.10%

• ATR: 10.61

• Beta:

• Volume: / (found the stock at the market hour)

• Average volume: 9.54M

• Relative volume: 2

Remark:

• Pre-market there are not many stocks to trade, looking at MARA (long, as Elon Mush tweet say can use bitcoin to buy tesla again) and FCEL

• Today planned to short FCEL, although it’s moving in my favour, there are not great entry point appear so I didn’t trade that.

• Yesterday VIX trading at 15 and my performance on Monday is relatively poor usually so today not expected to trade too active

 11/6/2021 (Fri) | SNOW Second Day Play

• short interest: 3.75%

• Inst. own: 54.63%

• ATR: 9.49

• Beta:

• Volume: 74,503

• Average volume: 4.14M

News:

• Snowflake shares fell 3.7% in premarket trading, following the cloud computing company’s presentation of financial targets at its Investor Day meeting. Snowflake set a target of reaching $10 billion in annual product revenue by 2029, compared to $554 million in its fiscal year that ended in January.

Plan:

• If the stock quickly breaks above 241.25 and hold, not looking to trade at the open unless it break back down 241.25.

• If the stock breaks 236 level quickly at the open, looking to see the stock push further and selling pressure coming in, then looking to wait for the stock to retrace towards 236 level and if the tape starts to turn heavy, looking to short into the downtrend line break or the 236 level hold below.

• If the stock consolidate at the open, and the stock keep failing 241.25 level, looking to see the tape failed to speed up every time the bids start holding, looking to short at the low risk area, target 246 level and watch close the reaction near that level, if the stock form a tight range higher low, looking to out all as inst might defend that level, if it breaks instantly, looking to hold further until there is a base form and have buying pressure before getting out of the trade.

• As the stock gap down towards previous support level, not looking to fade the stock, will scalp profit out close to support and downside extention.

Execution:

• Once the stock holding below 238.5 pre-market resistance and have a weak retracement towards that level, short at the retracement and add at the confirmation of 237 level weakness (break 237 and 237.5 but failed to push higher)

• Scale out when the stock break and reject 236 level (but the stock actually didn’t break down 236, only the bids of 236 is cleared and the bids sits at 235.88, but the market price still at 236 and there are no offers below 236)

• Scale another out at the large flush and no follow through. Originally added a small short position, but when seeing the stock failed to breakdown, out all. (Detailed are in the picture below)

• Long when seeing the strength in tape and seeing the strength in the tape of 237 level, and also the stock is at daily support, people are defending that level. Long risking 236 break.

• The pop isn’t that clean, although there are volume coming in, the stock still failed to make a new high. Even when the stock breaks into the new high with volume, it only trades higher a bit like a stop loss hunter there are no follow through to the upside, out most of the shares and move the stock at breakeven

• Didn’t re-entry as today’s execution might not be the smoothest, and the stock looks a bit choppy from the previous action, leave it alone.

 10/6/2021 (Thur) | CPB Second Day Play

• short interest: 9.88%

• Inst. own: 54.56%

• ATR: 1.07

• Beta:

• Volume: 9038

• Average volume: 2.25M

News:

• Campbell Soup (NYSE:CPB) reported quarterly earnings of $0.57 per share which missed the analyst consensus estimate of $0.66 by 13.64 percent. This is a 31.33 percent decrease over earnings of $0.83 per share from the same period last year. The company reported quarterly sales of $1.98 billion which missed the analyst consensus estimate of $2.00 billion by 0.80 percent. This is a 11.35 percent decrease over sales of $2.24 billion the same period last year.

Plan:

• If the stock did break to the downside, looking to see it hold below 45.91 level and push towards 44.9 level and test it the second time.

• If the stock breaks to the upside and quickly push and break 46.7 level, not looking to short into the stock.

• If the stock breaks to the downside at the open, not looking to short into the breakdown, looking to see the stock breaks back above pre-close level and fail at opening high level before shorting.

• If the stock consolidates at the open, looking to see if the stock trade and fail at the high, if the stock keeps holding below 46.7 level, looking to short T1 into the stock target 45.9 and 45.32

Execution:

• At the open holding below pre-close level, tape offering holding at 45.81 and 45.82 level, chase a bit short risking 45.83, got taken out by stop-loss hunter

• Re-entry when seeing the huge rejection candle and tape failed to pop back to the upside, will get out instantly when it trade above 45.75 and hold, or .83 level break

• Forgot to take the profit out the table when it’s trading at the previous day support and have a failed breakout

• Once seeing the bids start to hold and speed up even at the breakdown, long a small size at 45.7 risking 45.6 level, added at the strength at 45.8.

• Scale-out every time weakness starts getting in

10/6/2021 (Thur) | FCEL missed plays

 9/6/2021 (Wed) | KDP Second Day Play

• short interest: 11%

• Inst. own: 37.06%

• ATR: 0.61

• Volume: 570

• Average volume: 5.32M

Plan:

• Offering last day failed to hold new high, other variables great except short float 11% (beware of a squeeze)

• 35.33 and 35.55 are the resistance level to watch, not going to trade if break with volume

• Previous day close (35.25) as a guide, better to short at the pre-close rejection or consolidation fails to break upside

Execution:

• Shorted at the opening high rejection at the same time there were Previous day close level squeeze

• Didn’t have enough confirmation to add

• Almost got stopped out by stop-loss hunter, saw large selling pressure, large offer at 35.34, adjust stop to 35.35 (originally 35.34)

 9/6/2021 (Wed) | CPB

• short interest: 9.88%

• Inst. own: 54.56%

• ATR: 0.82

• Beta:

• Volume: 199,527

• Average volume: 2.16M

News: Campbell Soup (NYSE:CPB) reported quarterly earnings of $0.57 per share which missed the analyst consensus estimate of $0.66 by 13.64 percent. This is a 31.33 percent decrease over earnings of $0.83 per share from the same period last year. The company reported quarterly sales of $1.98 billion which missed the analyst consensus estimate of $2.00 billion by 0.80 percent. This is a 11.35 percent decrease over sales of $2.24 billion the same period last year.

Plan:

• if the stock breaks 46 level at the open, not looking to short at the high, looking to see the stock failing to break above 47.5, if the stock breaks above 47.5, not looking to trade the stock

• If the stock at the open consolidate and cannot break above VWAP and $46 level, looking to short into the weakness at VWAP risking 46 level.

• If the stock breaks 44.9 at the open. looking to wait for the stock to retrace towards 44.9 or possibly 46 level and if the stock show weakness, looking to short at the retracement downtrend line break.

• Pre-market sitting at the long-term daily support level, if that level cannot break and push below, looking to see people defending 44.9 - 45

Execution:

• Large offer 45.73 breaks a second and hold below instantly, short risking 45.80, or holding 45.73 level

• Out at the support hold and bids start to hold and speed up, out all at breakeven

• Didn’t see reversal setup to trade