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

  • Overstaying
    Coming back small after the chaggim. Need to re-sync with the markets First trade, DIS puts, hit and run. +22% standard bread and butter tra...
  • Bad entry reduces gains
    Here is another case of me jumping in too early and reducing my potential for gains.  If I would have entered at 9:49 or 9:50, I may have go...
  • Took a loser home
    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...
  • letting winners run thoughts
    Recently (and perpetually), I've pondered about when to trade tight and when to give room. Yesterday I had 2 trades that were "righ...