Daily setup: long term trendline break
Entry/play: surge, pullback near VWAP. I entered wrongly. I tried to preempt the VWAP bounce and priced it with the money I had left to trade with. I should have waited for stochastics to cycle all the way down. If I had, I would have lost less or I hope I would have seen the dip and passed altogether.
Management: first stop was sort of random, since I didn't buy against a decent pivot. Second stop was against a pivot buy my trade trigger was set wrong so I sold it even farther down.
Psychology: first trade today was huge winner. I went small into this one by force of funds availability, but I should learn from that lesson, after an amazing trade, go small and don't ruin the day. I got what I deserved here for playing it wrong. I'm just glad I didn't ruin my day bc of it.
Popular Posts
-
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...
-
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...
-
Daily setup : Preemptive huge box breakout. Entry/play : Lotto play means very small dollar size, out of the money calls, looking for a big...
-
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...