Entry/play: New day low later morning
Management: Small position and initial tight stop on today expiration. As soon as it started moving I trailed stop. I was looking for a dump, and it did more of a bleed, so both halves stopped on trailed stops vs target.
Psychology: Coming into this trade with a sort of surprisingly big loss on MRK. I wanted to take a bigger position here but I stopped myself. Had to NOT revenge, but rather to use sane risk management logic. Account destruction is enemy #1
It made me nervous a few times, but I stayed firm with my stops. Would have liked to get more (like a target), but most of all I got my account back green which is satisfying.
Over the next half hour, NFLX kept melting toward my (ambitious) T1. Even though it was a steady melt, looking at it with options expiring today, I have no regrets over trading MY rules. I got my piece. And peace.
