I've gotten chopped up the past 2 days. Some big losses, esp in AAPL overnight which stopped for a loss today (not included in daytrading stats here).
I went back to clockwork. Small size. Tight stops. Pay myself. But I think the real key to today was waiting.
Another key was familiarity, because my gains today came from ROKU. I say that Roku "eats its young", which is pretty harsh, but my experience is that breaks can reverse quickly and mercilessly. The daily pattern looked bearish, but the 1 min chart was a high base. The false breakout came as the market was dropping. I entered my stop FIRST so I wouldn't get jerked. When it failed, I bought puts. I moved in and out a few times, taking profits, taking stops. It feels ok to do this because I can take profits, and maintain tight stops, but still get a little more.
Popular Posts
-
Daily setup : Gaping down into/below mess Entry/play : waited a good few min for it to make a ndh then turn down. Small position bc trading...
-
Market has been very hard to trade. Maybe I could figure out how to just stay out of these messy things.
-
First: Peace! I had another +11% day. Peace. Another sentiment to remember is, even though there was more money... it's only clear in re...
-
Was down small, and then the SPY trade got me up small. I didn't hold UPST long enough. I was in for only 1 contract, to make 20%. Cou...
