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Thursday, October 28, 2021
Tuesday, October 26, 2021
PLUG, ill advised add
Not a lot of good looking setups at the open today. I had my eye on PLUG, but it really flushed in the open. I stayed clear of that, but when it stabilized near my level I got it for a move back up. Then I got greedy.
Maybe I should look at a day where there's not a lot of setups and think: hey... today's not a day to push... there's not a lot setting up.
Instead, I tried to squeeze money out of nothing.
Greed: I had a good setup. I got my p/l target--though I only took off 1/3 (greed) and moved up my stop. But instead of riding it out, I tried to get really cute and reload on the pullback (greed). When it stopped, the loss overwhelmed my initial gain for a net red trade. As regrettable as that is, I don't regret taking the stop, because it got worse and worse from there.
Was this trade "clockwork"? I'm going to say B-. I did wait for an entry. I got the pl target but should have taken more off at the target. I shouldn't have added. I did well to take my stop. Some days these tactics pay off, but today was not a day to try to push.
Monday, October 25, 2021
stellar day!
Stellar day today, but it started off with a scare. I started into TSLA puts too early (overeager!!), but added really well at the top and got both parts off green. Big lesson is about the front half, which I was lucky to get off green. Should have taken the stop! But on the other hand, if I'm going to try to "be early", it's good to start small so I have time/cushion to be wrong for a while. Thank G-d for Monday, bc on a Thurs/Fri I wouldn't have gotten so lucky with the exits.
After TSLA, I checked back with XPEV which was my #2 pick for today (after RRC, which I didn't trade). I saw a signal that I really like on the 1 min, a hammer off the bottom and big green bar coming in with volume. I loaded in, and got a huge ride!! Why did I trade it so scared on the way up that strong-af surge? The market was trading strong down at the same time. I shaved off bits to keep myself comfortable. Should I allow myself to be more uncomfortable?
LEARN: How can I let a trade like TSLA (front half) go against me and not be scared, but when XPEV does similar move, that I did anticipate ("makes sense"), I'm a coward? XPEV continues to be insanely strong. Same happened w CLF on Friday. I left a lot on the table. Even though... nice trade/both. My conclusion is that I traded TSLA wrong by holding that front half so long against me. But I traded XPEV, CLF(friday) just fine. I got 1/3 of my position off above +90%. I can't complain!!
I tried AUPH calls for continued strength. I like my entry, but the option didn't move when the stock did. The trendline broke, and the ask went up, but the bids didn't go up. That's showing me lack of demand. I moved up my stop and managed to get out green. After that, it continued flat/down and I don't mind at all not sitting in it.
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