Tuesday, November 8, 2022

Mistaken trade amplifies losses

AMD, not necessarily my setup in the first place, so big smack in the face for that. AMD gapping up with NVDA which was way up on earnings. However both gapping into resistance, so I looked to fade. 

First puts stopped. When it reversed off the top, I tried for new puts, but accidentally bought calls. By the time I realized why I wasn't raking it in, I was down pretty bad and cut it. Tried to find a new entry for the puts I really wanted, but I missed the boat for another loss, instead of nice gain I would have had off the top. <grumble>



Popular Posts

  • Trade with a spoon, not a shovel
    Since ath April 7, I've had a string of losses. I reverted to old bad habits to try to dig out of the hole, of course making it worse.  ...
  • Hit and run / yank theory
    I like how I traded today.  Hit and run, +11% and done before 9:50. This is literally my motto:  Fast in/out. Apply trading rules like clock...
  • BABA -8% coulda shoulda
    Daily setup : none, really Entry/play : 1 min move above nice day low pivot Management : trailed stop... but not enough. coulda shoulda ta...
  • More chop
    It's been a tough week. Monday holiday. Tuesday huuuuge loss day. Wednesday and today chop for miniscule gains. Tomorrow I'll need t...