Wednesday, August 21, 2019

SPY tiny pos lotto -25% and lesson

Daily setup: struggling at the top of the box, testing 50ema
Entry/play: volatility bar, shorting for ndl
Management: trailed stop down, but coulda shoulda tightened so I wouldn't have come back so deep into the day range. Or, in retrospect, if I was going to give it room, should have given it to vwap. 
Psychology: The case of $55 burning a hole in my pocket. Greed. Waste of $14 that I lost.

UPDATE/Lesson: after 11:00 spike down, it ran back to highs. Upon re-study of this trade, don't regret getting out. Only learn to tighten stop on ndl so I don't run so deep back through it.


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