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
-
Lots of changes in my trading! Futures trading at Apex was a tremendous learning experience for me. Lesson one, I don't like trading f...
-
Risk control trading 0dte options. I can only loose 100%. Sounds terrible, but position size is the ultimate risk management. With time, I k...
-
Clockwork trading going along steadily this week. No wild swings emotionally or in the account. I like it like the old days, where I grab ...
-
Opening pick was AMAT, gap down on volume, breaking levels. When AMAT failed to drop out, I went long AMD for relative strength, and it was ...
