A Netflix Downgrade Buy and Repeated Google Scalps Carried the Morning
Our desk bought the front-side dump in NFLX on a broker downgrade in deliberately small size, using a time-based stop first and a price stop only once the chart curled, then scaled out in thirds and trailed the last piece to the first real backside. GOOG was worked repeatedly off a daily level (stopped, re-entered, halves booked, stop moved to breakeven, size added back) and paid on the final push, while a small ORCL long was added to only on the desk's own confirmation signal. RKLB was the morning's argument: several attempts that mostly ended in small stops.
The morning in figures
Net points are per share. Apply your own size to get your own number: at 1,000 shares, 0.54 points is −$540.00. At 100 shares it is −$54.00. At one share it is −$0.54. 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 19m 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.
Heard in the room
TrueTrader is a live trading desk — a group of traders working the market open out loud, every weekday. These are unedited captures from that room on this morning, in the order they were said.
Dan walks through why he's NOT taking a tempting MU short, using his own reasoning to avoid a trade built on hope rather than price acceptance.
“So that's the reason why I can't take it. Don't wanna hope.”
Every trade called that morning
Losers included. Rows with more than one leg were scaled out; open any row to see each exit.