Daily setup: breakdown of 3 inside days
Entry/play: short after 1 min pullback
Management: I got in early, so had to hold to where I thought it could bounce. Stopping above that would have HURT. After it bounced where I thought and came back down, I added. Quickly reduced stop. Took p/l target and then squeezed stop, since it ran straight down while market was bouncing.
Psychology: Great. I left a lot on the table by squeezing stop, but that was the right thing to do. Spreads were huge, I was in mega-sized, and market was going against me. I like how I traded this mostly because it was a winner. If I had lost I would have said I was in too big... spreads too big... so I guess actually I got lucky. And when handed luck, I'm not upset to take my piece, and peace!
Popular Posts
-
Wrecker of the day was the UAL puts in the open that I tried to get too cute with, way too big, too much room. Put me above my max loss bef...
-
Today's goal: Focus on really good trades. Not sloppy stuff. Get in, get out, walk away. I moved 75% of my cash out. I'm trading bab...
-
Trade my best setups or PASS. WAIT for pivots to stop against. Take MY PIECE. Peace. Daily setup : Volume screen mover. The daily setup ...
-
I started in earnest this week, my campaign for 100 perfect trades. Meaning, only trading my very best setups. Win or lose is not the matte...
