Green week, surprisingly

How I managed to pull a green week, I do not know! Ok, I know. I had to do some really sharp trading after I train wrecked on Wednesday. 

I learned an interesting lesson though. I had been toodling along with my 11 day win streak until I got so over-confident that I increased my size Wednesday. Have I not learned this before? This is the actual opposite of clockwork trading. 

When I'm in too big, I trade scared and lose money. Fact.

So I got back to humble clockwork trading and ... with the help of idk what's going on with this crazy strong market, and of course the help of shemayim ... I made a comeback for a green week. 

Why do I ever stray from clockwork trading?

Never stray from clockwork trading!

No time for all the charts today, but I do want to highlight one in particular. I sometimes get clunked like this... CCIV traded to my pltgt. Someone's put filled there, but not mine, and then hard reversal. I held bc ego! and went out for a loss. Why couldn't I just lower my target by 1% and go ahead and get filled. For the matter of a few dollars to "my target" (arrogance), I took a hard loss instead of what might have been net breakeven or better.

Next week, off. (maybe Friday)

a blur

Today's trading day seems like a blur. The indexes did an expanding range. Chop and reversals. 

Tremendous trades on TSLA and NVDA to make my day. Big loser on MRNA took a chunk out (might need to blacklist this one for a while, until daily setup). TXN was a promising setup that didn't play out in "my" way. COIN was a decent setup on the intraday chart, but didn't sustain for gains.

Too cute. Got slapped

Max day loss. Ugh. I tried to get too cute and dumped a bunch of losses on TSLA today. Not even my setup! I should never have been in it in the first place.  NOT AT ALL. Instead I hacked around, got hacked up. Guessed. Piled in. Tilted. Losing day, all the fatal flaws. Am I a newborn baby trader that has never learned a lesson before? 

Impulse control! Must protect psychological capital, and of course to protect my account capital.

REMEMBER
I trade opening momentum, gaps out of bases on volume.
My system is a solidly profitable system. Clockwork:
Small size
Tight stop is the right stop
Pay myself first

That's it! That's what I do best. If there are no setups I shouldn't trade. 

Here's what I usually get burned on:
Trying to pick tops and bottoms. I am not a reversal trader.
Experimenting with other gurus. I have a good system. If I want to experiment, it must be incredibly small size.

Today I had a few good picks. They didn't play out as smoothly as I would have liked. Introspecting on that, the RIOT and JKS trades should have slowed me down. They "worked" but not in my usual way. That's a clue that it's not my kind of day. 

Instead of stabbing around... just wait!

After past 2 days drop and reverse, I should expect some chop. Some consolidation. Let the market chill and decide. 

looking good.

 PTON both ways for basically flat. NVAX calls great. NFLX puts eh. Most of all, another green day B"H!

And now, later in the day, I did it right. NVAX and NFLX would have totally creamed me on reversals.

Lesson, and never forget: get my piece and peace.

Tough green day

Big gap down open this Monday morning. SPY and QQQ held some levels here, as of lunchtime. 

All my trades today went kind of ugly against me before they went for me, so I shifted gears to 20, 10 and even 5% gains... get green and get out.

Midday, ZM looked like a good short, 5 min tl breakdown. But that pos is really wide spread. When it didn't break day lows, I "cut gains" and got out. 

No fomo today. Glad for what I got, and glad to keep my head on straight.

what's next?

 SPY hanging on to 50mas, but QQQ hovering in midair. Actually, support at 30ma, which I don't usually follow, but would show "strength" to bounce at the 30 vs 50... if these things hold and bounce here.