remember: zigs no zags, and tight spreads only

The trades I take where I try to "give it room" have been largely a mistake. Maybe they do go farther later, but mostly I get stopped out first. Better to take zigs, no zags, and reenter later if it qualifies.

Worst trade of the day, hacking at META for multiple nicks and cuts that left me net red... and then it went without me.

Best trade of the day, SHOP where I took the first leg for +8% and +107%. Then tried again, half size, for +62%. 

Other trade. Too cute!!!#* Tried to short CAT. Spreads were small when I took it but opened up insanely wide so I couldn't fill at target and then ... guess what I did about stopping?... fml. Still hoping to get out of that not too bad, but not looking good. Another one to consider blacklisting. Can't do these spreads!!!

f'lucky

Very lucky day today.

No great setups. Set my eye on BA for no good reason. NMS. Shorting something strong. I "imagined" there was overhead resistance, and the market was weak, BA pop/dropped in the premkt. Totally idiotic pick. It has wide spreads, the option has insane spreads. Need to blacklist it. 

Market opened strong, BA traded strong. Market weakened, BA didn't weaken. I traded like a total jerk (ignoring stops...). It formed a pennant at the top. It teased down, then shot up for ndh. I held. Out of nowhere (bc testing 150?) it finally fell to pieces and I managed to get out for +10% on first half, then held the back half too long as it retested vwap (bounced halfway back). So took the second half for +10%, given the chance, but then it did make ndl (not shown). Lucky to get out of this even a little green vs painful red.

15 min

Later... 😭

Perfect trades

I'm trying to focus on taking only perfect setups. Yesterday TSM was a great setup, but I jumped too fast, held too long, and then after I took my loss it finally did what I thought. Moral: I should have waited for a more proper setup.

Today, ISRG was great setup, I waited a little, but not enough, for the entry. Had to give a big stop, but then it did go and I got an amazing 131% gainer, including winners in other accounts also. Took those profits toooo soon, but aggressive trading is ONLY for fast_options, and in other accounts I need to take more conservative targets.

Spread on ISRG was very big, so I had to take the stop-limit, having missed a target. Still, helps the account!!