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
-
Reviewing my p/l spreadsheet, it is obvious what kills me is outsized down days. REPEAT: It is obvious what kills me is outsized down days...
-
I've been treading water. This market has been frustrating for me. I have tried various techniques for trading all this volatility and...
-
A red day that turned out "only" -3% (had been worse), but also cost me my day. I don't like the melted brain feeling when I w... -
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...