Wednesday, February 3, 2021

Recovering from minus

Some sloppy trading today. Increases my awareness of how I can avoid those -30% trades (hint: waiting). Managed to get barely back green. High awareness of market less hot today. 

That's part of the difference, perhaps. When the market is really hot, I can get away with sloppy entries. When the market is tougher, I need more careful entries. How to tell the difference?

A thought: Watch for this phenomenon, FUTU, the tight range, spike below (stops run), then finally the move everyone waited for. This is definitely one of the times not to have a hard stop, below a tight range. I was in this position too big and got out before the spike, but that would have been a heart attack. Even when it moved, the option didn't go to target (yet, though I'm out). // Later, 5 min chart, the whole thing flipped. So on the other hand...stops!!









Trades today:









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