FAST OPTIONS TRADING. Fast in/out. Apply trading rules like CLOCKWORK. Have a day. Sleep at night. This is my personal trading journal*.
Yesterday down 3%.
Today, caught a stellar runaway long on TSLA right at the open, then gave it all back by trading like a jerk on NVDA for aggrivation.
Been doing too much trading like a jerk. Weekend study is in order. Sticking with my reduced account size. Maybe even paper trade for a week.
I posted on reddit r/daytrading about up/down no-followthrough days. User u/Kaku_Tyson pointed me to read up on Wyckoff. Thank you.
At first glance it's basic stuff - accumulation, markup, distribution, markdown. https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method
There are some nuances there that I'm going to focus on a little more. Maybe it does/n't help with this issue, but it's interesting and relevant continuing ed anyway.
BOOM!! 14% gain on my reduced account size. Done at 9:45am
Huge temptation to jump back in on something else. But I would need to bring in more cash from the reserve account and I'm not going to get in that mess. That is a TILT TRIGGER and I'm not interested in tilting today!
I got my piece. Peace!
I want zigs, not zags. After the 1 min play off my setup expires, I'm done! Pack it up. Go have a great day.
MU gap up after huge strong run with a lot of air pockets (desperation buying?). Bumping into 100ma and price resistance. Looking for short, w small size. First move didn't quite make it. Willing to let it spike above day high, but then I didn't want to give away the next green flash so shaved off smaller partials and kept my $.
BYND been watching this for breakout. Perfect example of why you need stops. Take my money!
BBBY gap up against red bar, looking for mini fin break. Grabbed! into the trade, then took p&l target. Second half off on stall. Of note: Yes, I missed a huuuuge trade. But I followed my rules and got my piece. Just as easily, it could have dropped like BYND. Never regret taking my piece. Peace.
When people invoke "the trader life" it usually seems to refer to jetsetting and "lambos". In my case, the trader life means I can take days off. I hope to take Fridays off going forward. It will calm my life. I took off yesterday to take my kid to the dentist.
The "mommy life" doesn't seem like luxury, but work life balance is a treasure. That motivates me. I am my own boss. I set my own schedule. It's even better than owning a business. I don't manage staff (just the kids 😉). I don't hold inventory. I don't rent office space.
Today I made "only" 3% on my small account. Done at 10:04.
Bit of a frustrating day. I thought I had decent picks, but doing chart annotations, I don't love them so much (are they actually decent?). Well, they're the best the market gave today. Except MS, I tried giving too much room and gave back small gains. Stopping for zero is inside +/-1%, since I truncate not round my numbers.
MS volume gap. Grabbed what I could on tight stop (the right stop!!)
OTLY volume gap up. 1 min data doesn't show well, but it surged and reversed with no target. stop for flat.
PLBY didn't fill my pl tgt. ran back down. Did not reenter.
STEM was pick of the day, and I waited. I got the surge, but didn't quite make my pl tgt. Stop for b/e.
As these frustrating trades were happening, I passed on PATH, which only caught my eye bc it was on my watch from yesterday. Decided not to jump, but set paper trading parameters. Coulda shoulda. Is this actually nms? It's probably as close to my setup as the other junk I traded today. Did I have a long bias? The market it so stretched. Study market tonight.
