Small position size ftw

Even when I'm feeling really confident, there's going to be losers. 

The best way to keep losses small is to 

keep the positions small in the first place.

Market dumped yesterday and is extended bear today. Needed to give shorts a chance to expel buyers first. 

AAPL was a random pick that I went to bc liquidity, but was an unnecessary trade/loss.

USO I still like the setup, but I didn't get target on the market buying and then it dumped with market continuation down.

NFLX first try I managed tight/scared bc I was red and spreads are big, but the setup was tremendous for a short if the market would continue down. Second try with market selling. I managed it more confidently, entering arguably late and giving it room for the initial bump. 

For the NFLX exit: "real life" was in play - a plumber was at the house and needed my attention so I set a bracket and walked away. It would have gone to my more aggressive target, but I couldn't count on that. With my back turned, I just wanted to get a decent profit target.

Stellar week!!

Green to red to GREEN

Hit and run on CRM.

NUE gave me a harder time.

Market chop today again with downward bias. Chalk this up to luck again? I tried to hang in with the first try on NUE, but have to take stops somewhere. Would have turned a green day red if I hadn't tried again.

Tuesday mismanagement still green

Am I just making excuses for bad behavior? DVN was mega bull pattern, but market consistently dropping. I was down hard at a few points (adding... not the best idea?) but it chopped while it pushed up during market persistent drop. I'll call it lucky to get what I got.

On the other hand, the easy money would have been PINS. It chopped frighteningly when I first opened, so I traded it tight. Stopped toptick before maaasssssive drop, while market consistently dropped. This would have been a massive trade if I stuck with it.

What is the trade discipline? Why did I trade PINS so tight and give DVN room? Market strong bull in general, so I had less faith in a short than a long, even if intraday the market was melting. Only clear in retrospect, arguably. But on the other hand, I traded PINS exceedingly tight while giving DVN so much room. 

I need to study levels more and not just rely on intraday candles.

2022 opens strong

Left a lot on the table twice with TSM, but the same technique saved me well on F. Get what I get and don't get upset. I traded with the trend of the market (which took a hard flush at 9:40). +18% on account today. Really can't complain. Strong start to 2022! Peace.

Market whisperer

TLV Steimatsky: