An Apple long and an MU backside short carried the morning
The desk came in looking for a gap-and-push fade in the memory names, and the cleanest version of it came late: an MU short taken after the first half hour had set the high, trailed behind the recent high, with most of the position booked on the pullback. The morning wire Apple long triggered on the level, was sized in halves with the add planned underneath, and gave the target plus a second push before the stop went to breakeven. Earlier front-side attempts in the same name paid once and then chopped, and our desk traders talked openly about stepping back rather than forcing the setup that never quite arrived.
The morning in figures
Net points are per share. Apply your own size to get your own number: at 1,000 shares, 10.06 points is $10,060.00. At 100 shares it is $1,006.00. At one share it is $10.06. The desk publishes the move, not a dollar result, because the dollars depend entirely on how you size, and that is your decision rather than ours.
The 1h 13m session is on the other side of this.
Everything above is the write-up. This is the morning itself, with the names on every call and the room talking through it.
TrueTrader is a live trading desk — a group of traders working the market open out loud, every weekday. The clips below are unedited audio from that room on this morning, dropped in where they happened.
MU was the name everyone wanted, and it mattered enormously which side of the move you took it from. The early shorts went in against the wave with deliberately small size and loose stops — one paid quickly, the next scaled covers into VWAP, cancelled its add and then gave the runner back over the highs. The same idea taken after the first half hour, with the high already in place and a single planned add, behaved completely differently: it moved in favour almost immediately, allowed an 80% book and a trail above the recent high, and finished with a far target and the stop pulled up on sweep risk.
“That means hands off for me if I feel like that at all, ever, honestly.”
When the setups slip and the tilt creeps in, the pro move is to walk away. Dan on knowing yourself well enough to stop trading.
Apple was the quieter, more repeatable piece of work. Entry on the morning wire level, stop under the lows, half stopped and re-added at the planned price for an average just above the trigger, then partials into the target and a second exit higher before going breakeven. Intel was passed on all morning despite looking toppy, on the grounds that fresh breakout news is a bad short catalyst — and it closed back at highs, which made the pass the right call. The most useful thing said on the mic was about state, not setups: the plan was right, the execution window never opened cleanly, and the response was to stop trading rather than chase a worse version of it.
“It's very it is tilting. I can't touch anything else. I'm not gonna touch anything.”
His playbook said short — the market said breakout. Instead of forcing it, he recognized the tilt and walked away.
Every trade called that morning
Losers included. Rows with more than one leg were scaled out; open any row to see each exit.