Started with SHOP calls, too early. Moved to AMD and got all my levels. Also reentered SHOP and it was a little tough but got pltgt then a squeezed stop.
Market continues to surge, QQQ breaking 285 long term level. Some tough downtrend lines above.
As I write, market continues up so strongly without me. Regrets? Not really. I made terrific money today, with very little exposure. Everything is extended now, so no great entries and if I was still long I'd be sweating my gains. I do not regret taking MY piece.
Maybe some day, in the evolution of my trading, I will be more willing to give a runner a lot of room to go moon or bust. Right now that doesn't sit well with me. I'm hit and run!
Here's a great thought experiment about runners. I used the same trading techniques today on both SHOP and AMD (pltgt, then T1 and squeezing stop to trail). I missed a little more on SHOP but also spared myself the flush. On the other hand, I missed continuation on AMD. How could I know?
My rules are based on my trading personality knowing that I'm ok with good gains and missing some upside, vs being exposed to one of those dumps. I'm zigs, no zags. When I give room, I feel like (no good data) I'm more likely to eat it than moon it. Zero complaints about the money I raked in today in 15 market minutes.
Peace!
