Daily setup: nms
Entry/play: entered day 1 on surging above box
Management: I bought high and it reversed immediately.
Didn't stop bc I was in too big. spreads too wide. (I should turn this into a song) . I held it like an idiot for 4 days until I was lucky AF to get out above water on day 4.
Psychology: I can't even say bad here. It was really messed up mentality in every way.
LESSON. Aside from the other previously known/learned/ignored lessons or intoobig/spreadstoowide, This option, WAY in the money on expiration day, had close to ZERO volume. The spread was 25%+ just in the spread. Impossible to get filled.
This whole trade was a bucket of luck poured over asinine behavior.
Popular Posts
-
Yesterday was a frustrating narrow range day on the market. No followthrough on anything. I took an opening loss on UPST puts and packed it ...
-
We had a beautiful week with extended family. I didn't bring my computer, because I didn't want to be tempted to trade (and ruin my ...
-
This morning while prepping, I realized I needed to help my parents and wouldn't really be able to trade the open. I did a literal hit ...
-
Daily setup : Gap up, earnings Entry/play : Gaps up must sell off first. Identify pivot to trade against. Watch level2 for entry. Manageme...

