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?
FAST OPTIONS TRADING. Fast in/out. Apply trading rules like CLOCKWORK. Have a day. Sleep at night. This is my personal trading journal*.
Popular Posts
-
Sometimes I get feedback that this trading journal is very harsh. I guess it is. Especially when I get out of the habit of journalling eve...
-
I follow and admire the trader Mark Melnick. His Newsbeat trading room (of which I am intermittently a member) and his YouTube Newsbeat vide...
-
Overdid it on a Friday. JD was a proper setup and worked great for terrific gains. CRM was not a proper setup. It didn't work and I hac...