The desk kept buying a tape that would not follow through
The morning wire came in short-biased on almost everything, but the actual attempts our desk traders made were long — INTC, NVDA and twice in AMZN — each a tight-risk starter into a pop that never extended. The problem was named out loud early, that the tape was giving small bounces and nothing worth building on, and it was still worked a few more times before the desk stood down. The RKLB long was the one that behaved: a piece scaled, the stop trailed up, then to break even, and taken out there.
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From the room
“This drop, drop, drop, drop is making a lot of widows.”
Trying to catch the bottom is suicide. Adri on patience, fading bounces, and why guessing gets you killed.
“If you wanna kill yourself, do it in your own account.”
He's told them ten times not to pick bottoms. Someone did it anyway — and got kicked out on the spot. This isn't gambling.
The morning in figures
Net points are per share. Apply your own size to get your own number: at 1,000 shares, 1.97 points is −$1,970.00. At 100 shares it is −$197.00. At one share it is −$1.97. 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.
Every trade called that morning
Losers included. Rows with more than one leg were scaled out; open any row to see each exit.