BKKT and TENX are big lessons for me today to fully understand the overall picture. Although they looked on the intraday like they set up for a VWAP bounce they had sooo many reasons on the multi day chart of why they woudnt have the strength. TENX was up off of its lows and consolidating but there was just no good incoming volume. The reasons why this move didnt happen are just so clear. BKKT was a multi day runner with still very good volume and near its highs but they had a conference call that i failed to read and reported "mixed earnings". I should have looked more into the news before jumping into this one. It was on my watchlist because of the run--but I didnt do my due diligence and I learned from it. I will be sitting out of the game until next week. -$9 on the day but still green for the week.

SLDB--afterhours runner yesterday on FDA Clearance news. LT Downtrending. It ran recently but there was no volume. Volume came in after the open, it reclaimed VWAP and it broke over the closest resistance level with increasing bullish volume. That was my buy signal. My goal was to sell into the next resistance but as I said two posts down I got "blank brain" and failed to remember that the $3 area not only being a key psych level was recent resistance. So i only sold half of my position. (A habit I will no longer be having. From now on I will sell all of my position since all of my second halves haven't had gains) I also only looked at how far the stock had gone since crossing VWAP and i didnt look at the fact it had gone from 2.45 to $3/share. There were a lot of things that I blocked out just from being inexperienced. I sold the rest for break even. I have sticky notes now detailing all of the trends ive noticed of what I need to be reminded of to look at while in a trade. Hopefully that will keep me leveled and help guide me to see clearly and think clearly. Overall a $10 gain or 7.22% *Ignore the orange arrow, my STT paper trade platform has a glitch, it shows no open trades but if I view the account "balance" it says I have one share still in this stock. I tried to sell it but it opened a short so i covered it and now I am just leaving it.

KNTE--this was a pre-m runner w/ news that came out after hours the night before. LT downtrending chart but it has been closing green and broke out of the more congested resistance area on the bottom of the chart. Because of this i thought the stock could get some more range on a move w/ volume. I bought at 2.29 when it reclaimed and bounced against VWAP with increasing bullish volume. I sold at 2.40 when it retested the pre-m highs and failed multiple times. I kept hearing Sykes say "if it didnt do it before why would it do it now". I also noted the volume was less at the time than before and it still couldnt break it. I sold too soon and the stock went to 2.67 but that is okay.

$THRX--Held its gains yesterday and had a key support level of 3.17. Pre-Market I told myself that if it could ideally bounce off of that and VWAP that I could get in for another bounce. However, as you can see, I did not stick to that. It opened mid range between support and resistance but I was so biased based off of the good bounce yesterday that I forgot to ask myself some key questions and look for the key levels. Because of that I now have 3 sticky notes on my monitor under my charts. Questions to ask Pre-M, questions to ask before getting in, and questions to ask when I am in it and unsure if the stock will continue. I think this will help overcome my "blank brain" when that 8:30 bell rings. Anyways, I sold as soon as the stock broke below VWAP because that is outside of my pattern for a $2 loss. Ironically if i had waited it bounced off of the key level, reclaimed VWAP, and I could have bought once it broke the resistance level at 3.35, kept my risk there, and let it run 15c/share. That is okay though because this loss led me to make the change to the setup I have on my screens and will hopefully be a lesson that saves me before entering this type of trade. I can always be wrong.. but I want to be wrong with the right thesis not to be wrong because I was trading outside of the guidelines I set for myself.

$THRX--Not only is this a terrible long term chart. But the news that came out wasnt good either. (In my opinion). Here is the link https://api.quotemedia.com/supplement/news-story/?webmasterId=102132&storyId=8183491955321053. The reason I considered this for the VWAP morning bounce play is because although not perfect, it was setting up well. I have been tracking the moves for a couple of weeks now and the long term charts dont seem to have much influence as long as there isnt super close overhead resistance. Especially with this kind of volume and its low-er float. Knowing this and seeing the tons of volume coming in I watched like a hawk to see what it was going to do at the open. My idea was if it could hold the 2.90 support and stay at/tight to VWAP I could get in when green volume candles started coming in with a goal of re-testing pre-m highs or the 3.37 resistance level IF the stock had good price action. That being said I got in at 2.99 for 3:1 R/R. I got out at 3.11 even though the stock had good increasing volume. I drew arrows to show that the stock was struggling for 10 minutes to get over that pre-market level of 3.16. Because of that and the spotty news I just played it safe and took very small gains of $12 or 4%. In hindsight the stock did do what I thought it would. But I was just so nervous with the news that they were looking to sell whatever assets they could, they're laying off 72%, and looking for whatever else they can to also get rid of. To me it seemed like a short term solution to current problems they may have. I haven't had much experience with this kind of news and I just didnt want to be in something that seemed to be struggling and that I wasnt comfortable with the catalyst of. All in all, happy to have been there, learned a little, played it safe, and "made" $12 on a paper trade.

Knowledge Update: I just want to say that even after studying for almost two years I had no idea the learning curve was going to be so drastic when it comes to looking at everything in real time. A huge shoutout goes to all of the presenters at the 2022, 2023, and the past conferences. Re-watching those and attending the 2023 one virtually really helped me shift my focus to the process and focusing on one thing at a time. At first I thought in order to gain experience I needed to be able to be ready to shoot my shot at any time and with multiple different plays. Now that I have refreshed my memory of those speeches I am reminded to date one pattern. Really get to know everything I can about it, take action, tweak, improve, and then rinse and repeat it until I know it like the back of my hand. THEN I can expand my knowledge. I have finally developed a solid process to watching, researching, and journaling daily. Even on the days I cannot day trade actively since I work 5a-3p Central and only have Wednesdays off. I know that it'll improve over the next few months/years/decades/etc. But I am grateful to have all of the resources I do that have fast tracked me a little bit since I wasn't completely on my own. If you haven't watched and rewatched (and watched again) the conferences I 10/10 recommend it.

Paper Trade: CDIO 100 shares bought @ 1.06 50 sold at 1.13 and 50 sold at 1.15 ($8 gain, 7.5%) I took a couple of weeks off from trading so that is why there have not been more posts. I was just watching the markets every day and taking notes. I didnt have a real structure that was feasible. I thought I did but I was just trying to look at too much at one time. Especially being brand new to actual trading. CDIO was a morning VWAP bounce play that I have been looking at recently. Its a recent multi-day runner on a "Innovation Technology" Contract with Vizient. Notably I had journaled twice in the past week that CDIO had done a morning VWAP Bounce. As Tim says... stocks have a personality. When I saw it looking strong at the open with solid buy volume and holding VWAP I let it bounce and I got in. I did, however, wait for it to break above the 1.04 resistance that was right overhead of the VWAP bounce which was at 1.095. I decided to do this because, although it made my risk off of VWAP nearly 5c a share instead of 1-2c/share, I was afraid I would have a harder time managing my risk/cutting losses if it immediately failed that resistance level. Especially so close to the open.. I figured if it dropped it could drop fast so better to wait and let it show strength. Normally this pattern has a little more juice.. especially so close to the open. On the first fail of the 1.16 resistance level I took half of my position at 1.13 just in case. But I know there is sometimes a pullback on these so I kept the other half and watched price action. However, I noticed that it kind of triple topped on those 5M candles and it was right near the resistance area of 1.16. This is very unusual for the pattern.. there is typically not more than 1-2 "stagnant" candles in a row on these bounces. So I removed myself at 1.15. Looking at it in hindsight I could have waited a tiny bit longer but at the same time it did not bounce the way these plays normally do and it fell a short while after I sold. I'd say this was a pretty solid setup for the pattern I was playing. And I am proud that I was able to notice when it differed and got out when the usual pattern was broken. I may only be paper trading but the discipline HAS to be real for this to be worth doing at all. Until next time!!

This was a paper trade so I am just journaling it here. Also, my first ever! TGL came up on my pre-market scanner for big % gainers. It had pre-m news that the company had "revolutionized" how businesses could interact with their customers. Tiktok.https://api.quotemedia.com/supplement/news-story/?webmasterId=102132&storyId=7145608680043849 I was looking for the stock to either breakout over pre-m highs or to fade and bounce off of the pre-m support level at .47 The stock hit the support level beautifully during the morning and I got in at .49 It was consolidating at .50 for a few minutes but I expected that kind of price action due to it being a half dollar. The fact it wasnt breaking and the volume was coming in allowed me to keep letting it play out with a mental stop of .47. It then spiked and tested .60 (the resistance level I drew from Pre-M), and it failed. So I sold half of my position at .579 not knowing if the stair stepping pattern would be able to overcome that resistance level but I didnt sell all of it because the stairs still seemed solid and volume was still coming in The stock soon retested .60s and failed fassttt, I sold the rest into the drop at .55. Overall it was a $490 position and $74.50 "profit" However, the biggest takeaway was that I was able to trust my research, apply my knowledge, and watch the price action as it played out. I do want to note here that I am going to review more level two and tape video lessons because I found myself confused a couple of times and relying more on the chart. Id like to have a little more real-time experience with processing the data from lvl 2 and the tape.

@kaylacooper2001 just became a fully transparent trader today!