Psychologically toxic day for me today.
Main trade was LEN. Breakout to ath on earnings. I waited for the sellers to clear (should there have been sellers?) then bought, and added out of the consolidation. Should the open have been so cumbersome on new ath? after a daily pullback and consolidation (cup/handle type situation)? The volume was there.
So whatever. I got in, took far less than half off for stellar gains, but not before enduring a pullback to my ~breakeven/vwap. Should that have happened? Why wasn't I asking myself, "is this what an incredibly strong breakout looks like?" [NO!] That should have told me to capture much more gains there when I did.
Then I f'ing sat in it all day long. Going pretty deep red, then it couldn't cross 120 in the afternoon... is that the behavior of an incredibly strong breakout? [NO!]
And then, for the... why? ... I took a tiny position home overnight. For tomorrow's expiration... Why? It's just AT the money and it it currently at the close tonight about 1% in the red (flat) so tomorrow barring a big move into the money, these go to zero.
One of the most frustrating parts is that the market defied all laws of gravity. The market is sooo extended, but look at SPY nonstop uptrend all day. While this fker just grinded.
Good luck tomorrow to save my week which is currently red.
