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.


psychological blunders

When I last posted, I was doing great. Winning. Psychologically sound, disciplined trades.
I literally developed a nervous feeling that I was going to revert to old bad habits. I still traded well for another day or two, and then I imploded. All the old bad habits.


And then we had a family emergency. I'd like to say I took a week off, but (am I an addict?) I took a few small trades anyway. And for naught. Really bad decision to trade, and bad trades were made.

Today was a critical day. Account hurting. Need to reign myself back in and trade my best. Luckily I got a technically amazing market day. One overnight hold got rescued (WYNN), and today's NVDA trade was great.

To self: 
Chill Out! I know how to trade. Review lekachim. Keep my cool. Don't trade like a jerk.

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