Sunrise Trader

Sunrise Trader

Leave with this --> Remember without our health none of this matters. Spend time this weekend off the screens to let your mind relax. Get outside and go move a little.

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I need to see reversal sticks and temp top confirmations to get me to close a position. Taking partial profits and moving stops for now.

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and yes, I had positions in the market on Monday Oct 19, 1987 and it was not a pretty sight. I survived to trade another day. Many lost their shirts and minds. I lost some $ and gained a lot of education.

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Many daily charts individual names and most indices are stretched and could use unwinding. Stretched can become more stretched. See it first.

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$VIX below 17 observation

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Micromanaging makes one focus on noise instead of the original thesis. It is one of the fastest ways to destroy returns. Best if a trader doesn't turn a high probability process into a stressful gambling habit. Be at peace with your trades prior to entry.

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A good way to calm nerves is to take some profits out of the market and move up stops. We are traders. We can jump in and out of a trade at any time. The same name even. Don't lock yourself into a bias, fomo or fear. Trade your plan. The plan you should have written prior to entry. Be at peace with the outcome no matter which way it goes or don't enter.

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Keep it simple. An uptrend = higher highs and higher lows. A downtrend = lower highs and lower lows.

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Don't get giddy or complacent. I keep inching stops and when appropriate have laddered out a bit on some holdings.

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$Aerovironment(AVAV.US) daily over the 10ema and reaching for the 21ma A base breakout is what I am watching.

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$Tesla(TSLA.US) daily gap overhead is the main area to watch for me. The H1/30 min charts (not posted) shows a move over 426.95 needed next 65 min chart shows 428.88 a level to watch

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Checking all stops / levels on all holdings. My eyes are on my trading rig.

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$Tesla(TSLA.US) with a current ATR(14) over 16 is not an easy trade working again and well over the 423, 425, 427 areas. Still own full

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$Danaher(DHR.US) 5 up days moving up all stops

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$Kratos Defense & Security(KTOS.US) paydays off for OK payday %. I will continue to hold the swing size position.

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$Merlin(MRLN.US) getting the squeeze. I took paydays off for great payday %. HT @DocS61 for the idea a few days back and @rnmenterprises for the confirmation.

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$Tempus AI(TEM.US) and $Comcast(CMCSA.US) took my paydays for good $. I will continue to hold the full swing trade.

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$Kratos Defense & Security(KTOS.US) and $Aerovironment(AVAV.US) both over the 10ema daily and trade starting to work

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Hello stock fans Friday before a 3 day weekend. Trade 'em well. See it first.

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Moved many stops to no green to red break even area. Once green keeping the green.

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No end of day stops will hit on my holdings.

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Exercise time. I am up and out of this 'arse sling' aka a chair. Come join me. Get up move a little. Cya

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Leave with this --> The ego is an illusion and clinging to it causes suffering. Rid the ego.

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$Boeing(BA.US) my paydays sold for OK payday %. I now settle into the full swing with some$.

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$SPDR S&P Biotech(XBI.US) as an example of my initial entry, stop and end of day stop to help a couple of followers. I saw the stick on 5-19 and put the name back on my watch. I liked the 100ma just overhead and the stick was not an indecision stick but showed potential reversal characteristics. 5-20 the gap over the 100ma was my reason for entry. My initial stop in the machine was 123.90 to give room below the low of 5-19. My end of day stop was a close below 124.60. Neither happened. The trade progresses I came to these levels using an H1 pivot of 125.23, A chandler exit level of 124.62 and a monthly level of 124.63. AT this point end of day a loss of the 50ma would cause concern over the trade. Intraday my in the machine stop is at breakeven/100ma area

Source: Sunrise Trader