+13% by WAITING and clockwork trading

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.

Painful down day.

Painful down day. Didn't trade clockwork. Didn't stop at max loss. Took home an oversized (green) position.
My week is over except for seeing how these AAPL calls play out.

I was on such a roll, account at all time highs. Overconfidence = pain.

Review the principles of clockwork trading:
SMALL position size
Tight stop is the right stop
Pay myself first.

Threw away my day into the market chop for -5%

I chopped around today. Finished the morning down 1%, then got cute and came back to try another swing into the close and lost on that for a final close of -5%, breaking an 8 day green streak.

I deserved to lose today. Traded several "nms" trades and just kept hacking. Meanwhile, the top pick of the day BABA seemed unstoppable and I left a lot on the table.

Too many trades to annotate today, that's how much I hacked. All the trades were pretty good clockwork, it's just that clockwork starts with the right setups. I shouldn't expect my trade management rules to work when it's not my setup... that's why I shouldn't touch those.

Market sits shockingly high, in light of coronavirus pandemic and demonstrations against the unjust treatment of black people all accross America.

TSLA double size and others for +12% day.

Such a lovely day! My best pick was TSLA, and bc call prices I took only one, which was 2x my usual $ amount. It was so strong out of the gate and I took a 1 min new high. Before I could set my stop, it flushed. So my adjusted initial stop would have been a pretty bad loss, but it ran right back up. Next issue: with only one call I can't take half off at a pl target, so I sat on the sell/market button and sold first stall above my target. Got a nice piece (esp after the flush). Peace.

Other trades were really nice clockwork. I hoped for AAPL breakout with market strength so I started small. PFE short with market weakness was hard to hold, and I eventually got some lunch money on that but not what I hoped for. CRWD was 0.10 increments and wide spreads. Could have taken a hit, so I took safer targets.

AAPL

CRWD

PFE

TSLA