goes against you more than you think

LCID was my best pick of the day.  Premkt plan: Daily reject resistance on earnings, gapping below green bar and below a (sort of) level. Can run up to 26 before reversing? Target in the low 23's.

Started by accidentally buying calls instead of puts. Ate the spread but got the heck out of those.

Then entered puts late. It went to my 20% pl target, but I was so cute, I thought I was going to get more (on my late entry!) to start to cover for my opening loss. So I did take a partial, but worse than I hoped bc trying to hold. In retrospect, 23.38 low was exactly what I should have been looking for (see premkt plan). I just didn't think it would reverse so strongly afterwards.

It went against me "more than I think", which I rode. The market started dropping, but this junkus hept holding on. I was hesitant to let it go. I did take stops as I tried to hold it, but eventually it went to a level I just had to cut the rest. As it is now, it's trading up almost to 26, so I'm glad to be out. Just wish it had all gone differently.

Red day.

Followup... LCID day high 25.75. Would I trade it below vwap at this point? Market continues to fade/inside.

death by COIN

What the heck, self!!?

Opening trade, RUN was ok, in that I had a great setup and got my piece.

Then I got all bunged up in COIN. Totally lost my head. Looking back, I don't think I even really had a plan on the daily chart... should have been: avoid!

First of all, despite the gap, it was trading INSIDE previous day. That means I never should have touched it in the first place. 

AND have I not learned over and over to gauge it around the VWAP?!

I'm not sure I can even explain what drew me to the short, except the gap down open. The inside gap should have just invalidated it, but I got greedy and imagined destruction below. Instead I got destruction on self! Initial short was somehow failure to move up. Was my initial stop too tight? Could I have gotten out green on that short if I held in? But then I reversed long, also viewing stronger green volume bars on 1 min. But I didn't hang in for the long either. 

With a little bit of money left (another situation where I'm likely to give too much room... the last ditch flyer), I took a farther otm put and then gave it room bc the delta was so small. Then another FATAL FLAW I got too cute and kept moving my stop out, ultimately stopping close to top tick... bc that is literally the punishment for yanking stops--I get out at the worst tick.

Red day. I deserved it. I did not trade like clockwork today. $STUDY

Closing February +85%, but it really coulda'shoulda been more.