Thanks to @FoxTrader for some much needed feedback recently. My consistency had gone to shit and frustration was at an all time high. Looking back I was trading sloppy and not using a plan. I have re-built my strategy and will only be trading 2 setups that have been incredibly consistent for me this last week. I want to document it here as an accountability tool for myself.

 

Trading Rehab:

Stocks under $10

20 Share limit - double weekly as long as consistency remains above 60%

Build watchlist from previous days big movers

 

Setup 1:

Shorting at Point of Confluence

Draw support/resistance from daily Chart

Check previous/intraday chart for support/resistance

identify points of 2 or more contact at a single point, preferably 3

Only enter at those points with clear SL and PT expectations.

 

Setup 2:

Shorting G/R Moves

Identify previous close from daily chart

Enter as long as stock is below VWAP and major moving averages

SL at VWAP and exit when it crossed 20 EMA