^LESSON
Going back to an older format to try to focus on skills. Last trade was definitely trade of day on UAL.
TSLA
Setup - gap down against green bar.
Entry - breakdown of opening range, breaking vwap
Management - stop above igniting range.
Comments - at first not sorry to be out. Later the short did play out. Of course I should stop, but perhaps I should have found another chance to re-enter. In reality, it didn't do what it was "supposed" to, so I stopped watching it.
QQQ 0dte
Setup - nms.
Entry - break above opening range
Management - initial stop 290.59, below igniting range. When it stalled at the first top (a premkt level) and other watchlist fading, I yanked a smidge. In retrospect not enough. Rode one bounce down to vwap, but then raised my stop. How did I lose so much while exiting ~around my entry? I bought on a surge, so option price was exaggerated. I lost some time and the option was shrinking before the ISM number.
UAL
Setup - gap (inside) then trade above short term consolidation
Entry - looking to break the box.
Management - Initial stop below day low.
This is the one I should have waited (obv! in retrospect) until after the announcement. When it held and then showed real strength after the ism dump, I found a chance to add. Now I'm oversize. Hoped for a really big move, so I took only half the original position at pltgt, leaving 3/4 my position which I shaved of in tiny bits until I gave up. It got to an equal high to the Nov 15 high, it had climbed a steep trendline and I dumped for the tl break.
After my close, it went up much more, but I don't think I would have gotten very much more out of the option. There was approx 10% spread in the option, so I traded a bit scared. No regrets for a really nice trade. I got my piece. Peace!
