Setup: AVGO top on my volume mover screen. Trading above 4 day bear fin. Intraday spiraling at vwap. Market dropping.
Initial position (blue) short. Good entry. Good target. Wish I lowered stop more so I didn't lose on back half.
Second postion (purple). Market held support, this thing came above downtrend line. Went long. It got sooo close to my target. Reduced 1 on raised stop. Ate it on the second one, even though market is bouncing up. But, today's expiration and I'm not sticking around to wait for it.
Potential +20% day turned flat.
Ugh.
LEARN if mkt is down, upside targets need to be more conservative.
For fastest trades (ex: same day expiration) use 1 min trendline.
Popular Posts
-
SPY $10 bounce in one and a half days. It got over the 50% fib, but this is pretty steep. I wish it would go to the moon (otm calls in IRA)...
-
Win streak in tact. 8 green days in a row. Started in the hole. Jumped into NFLX calls too enthusiastically. Also took a big loss on NIO pu...
-
+10% on traded capital today. This is still my reduced account, and I've been moving gains into the reserve account. The reserve is bui...
-
I had an A-MA-ZING trading day today. Made back yesterday's loss and much more. Thrilled from this huge account up day. Maybe I should...
