real quick Friday

Hit and run, some real quick trades this morning. I have a lot of ammo left, but I don't want to get consumed. I made nice money in about 15 market minutes and I'm going to go have a day. Esp Friday I don't want to get absorbed.

BABA st level. Got in too early, but stop wasn't breeched and I added small to smidge oversize. Took "10%" target (turned out to be 8%), then set the rest for a 20% target (turned out to be 18%, looks like I thought I entered $1 but was actually $1.01) on the original. Happened fast and somehow exited all. Don't want to try to meddle back into it. Take my terrific gains and go have a day.

META, trying to preempt the st level break using strength of a 1 min bottom. Bit of a late entry and chickened out in opening volatility. At least got b/e.

Don't want to give the market any more of my mental energy, but as I watch BABA losing it I see I probably wouldn't have gotten more. META continuing and breaking st daily level, but would have been a tough hold for 0dte. No regrets to take MY money and gtho.

Shabbat shalom!

Before I leave my desk, interesting how similar daily setup is trading differently. BABA already broke out and was a choppy trade. META broke intraday, but the strength is there.

continuation down day

Yesterday was a big down day. In context of the past ~13 months, maybe it should be viewed as another bounce down off the major trendline. 

Today, lots of things are already sold off, so I was looking for continuation down. TSLA set up first. But then I bought puts accidentally instead of calls. I realized when the stock went up, but my position didn't. Yikes! I quickly entered a stop above that bar and then reduced it to try to get out better. Thankfully, I got out flat (loss of comissions), and also got another decent setup to go long. That also didn't work out.

I didn't have much ammo left after that, and I got an amazing run down on QQQ puts. I took off 1/3 on the first stall and then like a jerk rode it for another 2 hours, just to get out at the same option price. Meanwhile I rode out 2 too-big spikes. Got lucky to get another chance at those gains.

duuuuump!

Lots of economic numbers this morning. Market started strong-ish, and traded right up to 

SPY- major downtrend line and ~400 round number (400.12)

QQQ- major resistance level ~285

Then couldn't catch a bid the rest of the morning. Bearish engulfing everywhere. As of 11:50 when I'm writing.

I got UAL for an overbought reversal. Wide spreads and volatility, but I got some good exits. Left some on the table, but have to do what I do. Clockwork. My rules, my trade, my money, yada yada 

MRNA was "hard work" it wasn't exploding up where it was "supposed to" eventually I took a stop/limit and was so annoyed. Until several minutes later when I was SO RELIEVED!

too eager too early

Yesterday was a market holiday. Today I came in too eager. SHOP too early, no protection. TSLA too eager, too big, initial loss. Very lucky to exit green today.

TSLA I waited (sort of?), but it showed a lot of strength so I went ahead with a little extra size, and then it dumped. In retrospect, even though I waited, the entry was still extended and shouldn't have been bigger than full size. The loss wasn't too bad, but I used a lot of capital being wrong. Second time in, I really got the move, but I was in about half size because I didn't have capital left to deploy any bigger.

SHOP I didn't get my stop in while I was working on TSLA. I rode it all the way down. Kept waiting for a pivot to stop against. Meanwhile my calls went down the drain. Was very lucky to get back above break even and then played it really tight. Not proud of this trade and I only got out green with absolute luck.