Daily setup: bear flag breakdown
Entry/play: short after 1 min pivot
Management: This went FAST. I trailed a stop and kept squeezing it down. Made good gains, but coulda'shoulda held for my price target, which would have amounted to about 100% gain on the option. (Much later in the day, it went to about 600% my entry price, but realistically, there's no reason I would have been in at that point.)
Psychology: Got my piece. And peace.
Popular Posts
-
Reviewing my p/l spreadsheet, it is obvious what kills me is outsized down days. REPEAT: It is obvious what kills me is outsized down days...
-
I've been treading water. This market has been frustrating for me. I have tried various techniques for trading all this volatility and...
-
Had a sizable down day, and took a loser home. Both problems relate to a spready option that I made cardinal sins on: in too big, on somethi...
-
SPCE is a hot stock. Not my setup on the daily, but it has a lot of action and I gave it a shot when it set up interestingly intraday. Tigh...