BYND 4%. Stop too tight (fear)

Daily setup: Meir Barak pick (generally, within daily inside day, failure to break above)
Entry/play: Meir Barak entry
Management: Trailed stop down. Second stop was a few cents too tight.
Psychology: I'm glad I didn't go for broke. Need to grab gains. But I wish I was able to catch that move to 108 that I hoped for T1.

Greed is for losers

I had a few-day losing streak. I should blog the losers of course, but I'll teach the lesson instead.
Greed leads to losses. Greed makes me wish for more, when I should take it. Greed makes me give stops too wide and lose too much on losers. Greed is for losers.

It started with NFLX on 1/14, which dropped a few dollars before I could even get a stop under it. Instead of just taking the 40% loss, I stopped only half and tried to hold the rest. Over several days, I passed on the opportunity to take "only" 40% loss again. Until today, I had to really eat it for a 90% loss. Why not just take my chances on the last 10% and see if maybe something works out. THAT IS THE BAD ATTITUDE THAT STARTED THIS MESS. It is toxic to shift to a "luck mentality."

How will I turn this around?
I must not trade tomorrow.
Monday market is closed.
Tuesday assess my mindset.

SPY -32%. A waste.

Trade my best setups or PASS.
WAIT for pivots to stop against.
Take MY PIECE. Peace.

Daily setup: After massive daily runup, bearish engulfing yesterday (Friday). Today inside day. Looking to short
Entry/play: Near day high and premkt high, spy stalled. short (today exp) for reversal.
Management: Initial stop ndh. Trailed down. It kept holding vwap, and then stopped me on a reduced stop.
Psychology: This is a case of money burning a hole in my pocket. This 32% loser was only -$12, and I wouldn't take this play with a bigger size. On the other hand, definitely I could have kept my $12 if I didn't succumb to money burning a hole in my pocket. Just say no to money burning a hole.

ROKU +40%

Trade my best setups or PASS.
WAIT for pivots to stop against.
Take MY PIECE. Peace.

Daily setup: looking for daily breakdown
Entry/play: after opening wobble, it started to break ndl. I missed that, so waited for a bounce and got a good entry on the bounce.
Management: Initial stop above day high, quickly trailed down. It briefly broke the daily breakdown level I was wanting and I hoped for a real sick dump. I trailed down my stop. When it didn't dump, I had to decide: am I going to squeeze, or give it room? And I remembered... GREED GETS LOSSES. so I squeezed the stop and do not regret it.
Psychology: I love how I traded this.

BABA -14%

Trade my best setups or PASS.
WAIT for pivots to stop against.
Take MY PIECE. Peace.

Daily setup: Gap up (extended), above doji bar
Entry/play: waited for pb, bought strength
Management: initial stop below day low, but it didn't feel strong so I stopped half much higher.
Psychology: Fine. Annoyed for a loser but just a "cost of business" loser.

Friday, 1/10 trade narrative

I came in Friday with GS and NVDA positions. Last piece of each.
NVDA gapped up and let me out for a profit. +38% on the total trade
GS didn't help me. -6%

Then I took a new trade, AVGO puts which dropped and then ate me up while it chopped. I stopped before it dropped out again. Can't break the rules. Greed=losses. So I took -14%

Overall week +31%, in the form of 2 bigger up days, 3 tiny down days, and really a lot of frustration.