Friday, March 3, 2023

economic numbers, to trade or wait?

Still trading really small size. Esp today 0dte, even though I thought I would trade next week, there was not a lot of liquidity one week out, so I just had to trade it tight today.

Economic numbers today at 9:45 and 10:00 added volatility. Should I have waited until after that time to trade at all? Should I have gotten out in front of it? I don't have good answers. Maybe hold small size to see if I can get through it, then add?


WOW.... I left a lot on the table w META, but got MY trade. If I wanted to hold longer I should have had next week option instead of 0dte


Thursday, March 2, 2023

A lot of little trades

The market has been tough lately, and/or I haven't been trading well lately. So it's back to basics: smaller size, tight stop is the right stop, pay myself/lock gains. Today there were a lot of setups compared to previous days. Not that the trade was easy.







Wednesday, March 1, 2023

No trade day.

Can't remember the last time I had a no trade day. 

A few gaps up into resistance, and the gaps down were all doing the thing where it drops a ton in one bar in after/pre market and then just churns back up all day. Very "up is down and down is up" day. Profit taking. 

SPY and QQQ both re/tested the 200dma today. Has not been fun to trade lately. It's a relief to just be out today. This screenshot as of ~2:20 midday



Monday, February 27, 2023

Nice Monday hit and run

 That's how I like to trade!! Grabbed a half-size position on opening strength. Didn't add. It launched, went strongly through a few levels I had marked. When it did a big green 1 min bar at 9:40 into 121.50 level and couldn't directly continue, I yanked the whole position. Not sorry to be out for the ensuing wide range chop. Hit and run! Heading out to have a great day doing other things.



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