The transformation is complete. We're on autopilot until the EOD rampup.


As is all too often the case, I was early. Early tightening the stops yesterday (though this morning's headfake might have convinced me to sell anyway). But especially early on my thesis. My POMO intraday drop thesis played out perfectly today. Unfortunately I was too discouraged by the externalities from last time I tried to play it to keep my eye on using the same strategy again. Lesson learned.

My main dilemma today is whether to go long for the scalp or use the coming run-up as a good short entry. And I'll need to make that decision fast as events are catching up with me.

T minus 15 minutes to liftoff?

Only question is which way...

update @12:23


This may be the answer, but I'm not convinced. I'm sitting with my finger on the buy button, but feeling a bit wary and cagey... So I wait.

Position update

I got shook out of TYP yesterday even though it looked like I shouldn't have. So I'm mostly sitting in cash today. I'd love to chase today's declines but there's a good chance they'll reverse (intraday declines are common on POMO days before the ramp). I may use this as a buying opportunity to go long, but I worry about getting trapped using unsettled funds.

I took some settled cash and put it to work in ZSL which I'm liking the look of and will throw up a chart with my thinking on which later.

I'm planning on sitting out most of the day and seeing what happens in the last hour. Unless I see something really compelling I'm just going to wait.