TSLA mood

I think I keep looking to TSLA in an irrational way. Wanting too much from it. "Seeing setups" that aren't my best setups.

Premkt notes. I arrived late to my desk didn't get a good look, didn't get a good watchlist. Felt confident until I had login problems, and even less prep time. 

As a result of insufficient prep I looked to my usual suspects. SPY puts paid nicely. I had a pltgt and a T1 that were right next to each other and wasn't able to cancel one quickly enough so dumped all against my better intention. Turned out to be not too much left on the table after all.

Then I turned to TSLA. This was C-psychology situation. I was hoping for that homerun breakdown so I reloaded. Was that a good idea? Well, if it was a winner I might have said yes. I like my wait for initial entry off vwap. I like that I salvaged some profit on the first half. Don't like where I added back. Of course the result is disappointing.

picture of a bottom

Picture perfect anatomy of a bottom

Bread and butter

Theme for now is "bread and butter". I need to make sure to grab my targets, even reducing targets to 15% for a while, to make sure I'm paying myself first. I should be focusing on grabbing my pltgt almost every trade. 

Today's opening notes to self: Neutral open. Use 15% pltgt. Premarket mindframe: unfocused 🚩

I'm experimenting with different screeners and screen parameters. I need more to work with. Setups remain the same, but I'm trying harder to find more tradeable tickers.

NKE trade was pure greed. Jumped the gun on entry. Option was spready and amplified, so even at the top I wasn't making money... but I sure lost it in the drop. At least I had half a brain to not take full size. This trade was a waste (see above, unfocused?).

TSLA greed trade got me twice. If I'm going on "intraday setups", both setups were valid. If I'm going on daily setup, I never should have been looking at TSLA in the first place.

Realizing I didn't post yesterday / somehow?

2023 Tiny green day bc toxic 0dte win

Market opened above st levels. Bumped a bit, then bled out.

I got a nice long in SQ by waiting, taking 15% pltgt (which hit where 20% didn't) and tight stop for opening green trade on the year. 

Then it went red like the market. 

WYNN. Valid daily setup. Bought volume bounce back off rinse/retest of opening low. It dumped immediately.

GOOGL gap above st downtrend. Vwap bounce failed.

TSLA bottomfish off support area and mini consolidation. Failed. 

SPY 0dte = toxic trade. Made it back, but could have gone either way. (not shown)