hard day for easy money

I had nice gains today, but I let the last little runner of SPY calls run all day (illusions of grandeur) and it was a literal pain in my neck.

Accumulation

 Ok yes. In mid October I did mistrust that bottoming bar. 

Since then, follow through. A few really nice green volume bars, that accompany big price-up bars and a net uptrend in play for a good few weeks. None of those accumulation mega-days have been breeched downside. It's the definition of an uptrend, but have we seen THE bottom? Time will tell. 

For now, what is the price volume action saying?

Wisdom teeth and JPow

Last week was short week for Thanksgiving. This week also a wierd week bc H had the oral surgery I've been dreading. It's been ok but tough on sleep and trading schedules. 

Today was full of economic announcements and Fed Chair J.Powell had scheduled remarks at 1:30. Morning trades didn't work, even with all the news. Everyone waited for Powell. I underestimated that and hacked around in the morning. I thought there would be some opening trades, but it was inside all morning and gappers didn't work. 

I was busy with H, so I missed the 1:30 trade and the next 2 legs. But there was a lot of power there so I got the last ~90 min move w SPY calls for stellar returns. Made back the morning hack and much more, all with a small $ input. When those 1DTE options go in the money then plow higher, that's the dream! Glad I gave myself one day out so I didn't sweat so much, even though I'm sure the 0DTE paid more. I traded MY trade.

First try at SPY calls at 2:30 was jumping on extreme strength. No regrets for a small try, and no regrets taking a tight stop on only partial and trying to ride the rest. Also tried puts, even while holding calls, bc sooo overbought. But the strength was truly there so I had more confidence and a better pivot when I went added long again at 2:49. 

It was a bummer to take those small targets... but only in retrospect. The trade was choppy for a while and It was 100% the right thing to pay myself first. Take some gains and let the rest ride. Clockwork! And it paid baby!