Daily setup: gap up (extended)
Entry/play: On purpose I arrived at my desk a few minutes in, so as not to get involved in Monday opening chop. Nice entry: after thrashing around, it tested whole number then bought the move above.
Management: I hoped for a 20% p/l target. I could have gotten 12%, but I tried to hold on. At first with a wider stop, but after an uncomfortable retest of vwap I squeezed my stop. Update: after another 15 minutes of chop, I could have gotten my target.
Psychology: No regrets about not waiting out the chop, that could have gone either way. On the other hand, I'm not in the mood lately to take singles (10%), but that's really what I should do for parnassa. AND maybe what I REALLY should do is press the one minute trend with a squeezed stop and not give any leeway on the front half.
These things go together. I can't take smaller parnassa then give wider stops. If I tighten my game, I need to tighten both sides.
Popular Posts
-
Missed the open today bc life stuff. Found 2 short setups I thought I liked heading into lunch. Neither played out, then quit. Better luck t...
-
9:50am, I'm flying blind! Schwab wasn't working. I had contingent orders that triggered, but something funky? didn't execute? on...
-
https://www.youtube.com/watch?v=MmryR1iu9dA 25:40 - lose well / ego. Losing is not a failure. Not taking your stop is a character flaw. ...
-
I did good clockwork trading today. -smaller positions -pay myself first -tight stop is the right stop Very sane trading. Taking targ...

