FAST OPTIONS TRADING. Fast in/out. Apply trading rules like CLOCKWORK. Have a day. Sleep at night. This is my personal trading journal*.
I don't have great setups in this market and I keep forcing other things (for losses, ofc). Ugh. I also have missed.my setup a few times bc I didn't trust it.
This is standard rookie trader stuff. Really bad behavior. And I'm paying the price.
I'm moving half my account out, and next week I paper trade. I need to cool it. Stick to the script.
Today a loser in ROKU for literally no good reason. I never should have been in it bc inside day... Something I just discussed with G.
This market has no chill! It's just dropping and dropping! The recent major drops have been 10% in a matter of days. I hope we find a level soon for the sake of my long term acct. I don't want to see more red, and I am ready to deploy when the mkt turns.
However, the talk these days is inflation, recession, food supply chain problems, oil prices, war in Ukraine. It's a pretty big "wall of worry". New forecasting is 2 years to cycle back.
Anywhooo, I caught 2 trades today for a pretty nice day. Do I need to work on my exits/staying in longer? Not yet! Now I need to keep harvesting the low hanging fruit. Strengthening my self discipline. Tracking trades and analysis. Scaling up and holding longer is the next level when I am wiser.
Today I kept it really scalpy. Took everything off for pltgt on 2 trades and PEACE! This seems to be what the market is giving, aside from whippy volatility.
COIN and ROKU short in the opening flush. One minute chart of each shown.
The market has had 3 really strong down days. I have not capitalized well. A losing trade each day. The volatility is hard for me. I want to make "more" but I think I should go back to a 10% pl target on _even smaller_ positions. Or hey...how about paper trading. Feeling kind of frustrated and discouraged.
