My pick, META for a ST level breakdown.
Entry after pop to resistance and drop. Again I didn't wait for level to develop enough, but in the subsequent minutes it held ok.
Management. Initial stop ndh, quickly reduced to the level just above my entry. In a few minutes it flushed. I didn't grab the stall, and it rose all the way back. Continued down, but didn't quite make it to my T1 or pltgt. When it stalled down there I though to grab some off, but reduced my stop instead...only to yank it and then actually get my face ripped off. A +15% went -30. I felt all the points along the way I "should have" stopped. First fatal flaw is always yanking the stop. Why!? I can re-enter if it sets up again. Why am I arrogant like that?
Knowing I was on the wrong side of META, I started a long even before the short stopped. Got a nice winner on the starter and a loss on the add.
Then the RISK MANAGER arrives. I want to trade again. I allocate myself the minimal increment more money and get myself another META long. It chops and chops. Meanwhile, it looks like the market is going to roll over. I squeeze the stop on the META calls.
...and also the risk manager allocates another chunk and I open a concurrent SPY short via 0dte (not even 1dte???) puts. This is a bit of a desperate kind of trade, obv. BH it made my day.
PSYCHOLOGY
1. As always, I like the system of allocating money to myself for additional trading vs leaving it all sit there. Guardrail against bingeing.
2. I wish ruthless-trader will always show up! Shrewd entries. Tight stops. Sync'ed with the market. I should name her and try to invoke her. Where was she when lackadaisical-trader yanked the stop from META?
