Thursday, September 5, 2019

WYNN messy/lucky +50%

Daily setup: Gap up off double-bottom, but not out of the box
Entry/play: look to move up against pivot
Management: no fucking management
Psychology: Terrible. First problem was sub-optimal setup. Second problem was spread on option was 15-20% in the spread. I KNOW I YANK STOPS ON WIDE SPREADS. Conclusion: DON'T TRADE WIDE SPREADS. Ensuing trade was a nightmare on wheels. Only by total luck did I come out green here at all.


Popular Posts

  • chop for red day
    Bigger down day than I would have liked, but still super green week. Most important is self-discipline and clockwork, and I was about a B+ o...
  • Clockwork and a little luck for +19%
     After a multi- multi -week losing streak, it's nice to have another sizable winning day (albeit on small account). A+ lesson is to pres...
  • BA Friday options burn for a red week
     OUCH! Very big loss day today. Gave up my week. This will be my third red week in 2021. A losing day hurts, but a losing week really disapp...
  • too eager too early
    Yesterday was a market holiday. Today I came in too eager. SHOP too early, no protection. TSLA too eager, too big, initial loss. Very lucky ...