Thursday, October 27, 2022

remember: zigs no zags, and tight spreads only

The trades I take where I try to "give it room" have been largely a mistake. Maybe they do go farther later, but mostly I get stopped out first. Better to take zigs, no zags, and reenter later if it qualifies.

Worst trade of the day, hacking at META for multiple nicks and cuts that left me net red... and then it went without me.

Best trade of the day, SHOP where I took the first leg for +8% and +107%. Then tried again, half size, for +62%. 

Other trade. Too cute!!!#* Tried to short CAT. Spreads were small when I took it but opened up insanely wide so I couldn't fill at target and then ... guess what I did about stopping?... fml. Still hoping to get out of that not too bad, but not looking good. Another one to consider blacklisting. Can't do these spreads!!!

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