FAST OPTIONS TRADING. Fast in/out. Apply trading rules like CLOCKWORK. Have a day. Sleep at night. This is my personal trading journal*.
Hashgacha pratit. Today (after hitting max weekly loss yesterday) coincidentally, YouTube showed me this video from one of my favorite traders, Mark Melnik, about trading on tilt.
So I looked for a few more.
Gamer context https://youtu.be/kAI9LZHMoZA
Poker context https://youtu.be/B_ifQZ0auZY
"Tilt" is a topic for me to look into more.
Trader life: Took my daughter to the doctor this morning and missed the open. A good day for it, because of my ponderings on trading not my setup.
When I did finally get to my desk, I traded much more carefully, deliberately, successfully. Though I'd say the market wasn't necessarily easier than it's been any other day. I just traded like less of a jerk. And smaller, on fed day.
In other news, I am trying to get my commissions reduced by Schwab. There is a seemingly secretive application process. Hope for the best.
I'm not trading my best setups. Strong wake up call last night when I went to this blog to show some example trades. Very few recently are the setup I claim to specialize in. Eye opener! I'm trading nms. Constantly.
Trading strictly my best setup is something I used to hound on. My system works on my setup. I shouldn't expect my rules to work on a setup they're not designed for. So What! if my setup isn't showing very often lately. It doesn't mean I can trade any old anything. Maybe it means I have to develop other setups/skills. But I can't go rogue!
I've already been aware that I need non-opening plays. Maybe "TTG triangle" is one I should develop for later in the morning. How to scan?
No more sloppy trading!
Thankful to Ethan, Angel, Rob and the DC Traders meetup people, including a terrific presenter Casian(sp?). Wow!! I've missed talking shop with other traders!
Today was first day trading from my new standing/treadmill desk. So far, I'm not in love. It's not comfortable (that's not the point), but I don't think I traded poorly because of that.
Frustrating trading day. EH didn't stay up. I gave it too much room and exited net flat.
AMC I did my fatal mistake again. I picked it for a long (momo breakout). When the long failed hard, I tried puts (overbought reversal). Don't reverse on my thesis, just wait for another setup. And in doing so, missed the moneyyyyyy trade long.
Was a down day yesterday. Wrong side of CRSR and hung in there too long. Nice gains on MARA and NVAX, but net red.
