Wednesday, February 1, 2023

nice green day

Nice green day today.  Market inside. Fed day this afternoon. Opening market action was chop shop!

BIDU gap above LT level. Looked so good, but option very spready. When it got stuck below 147.8 I yanked the rest. When it pop/dropped I was glad, though next level below did hold. and then it ran pretty straight to my ~152 target. On one hand, a little FOMO bc I could have really had a big winner (realistically, I wouldn't have really held to that top). Otoh, that cuts both ways. 

Maybe I should examine how/whether to trade spready options. Currently it's to trade small and use limit orders. Maybe some day if my account is MUCH bigger, and I could trade a micro size, then I could hold a last partial on a lotto basis and capture some of those. For now, I need to book gains like Clockwork!

AMD caught my eye as it was basing above vwap. Market action at the time was iffy. Gave one try and stopped it tight. Next try I had a little more confidence to give it room, but it was really hard work. Eventually I took 10% to relax a little. (Contrast strategically with BIDU when I took some off in hard work zone.) Another shave along the way and then set a bracket to close my eyes for a few minutes. Came back to tighten the stop. 




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