Daily setup: breaking down pennant
Entry/play: watching this pennant and 5ema. Intraday weakness, held the 5, but basing there. Preempt ndl.
Management: wide spreads so need to take target and not f' around with stops. At my ask, it didn't fill for a while and I got scared before it finally filled. Continued to squeeze stop down. Maybe should have grabbed out on 10:07 spike, but squeezed stop and can't complain.
Psychology: I took this trade after I had called it a wrap. Is that money burning a hole? I think the setup was valid and I played it right, but if I would have lost money, would I say it was impulsive?
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...
-
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...
-
Recently (and perpetually), I've pondered about when to trade tight and when to give room. Yesterday I had 2 trades that were "righ...