hit and run

Market is extended down. Not my best climate bc usually my setups are pretty played out and I'm not good at reversals. Plus, Friday and I'm getting ready for sheva brachot, can't get stuck at my computer today.

These options were spready and moved really fast. Got my piece by 9:50 and not going to put on any more risk. 

A day to take notice

I think the uptrend is cancelled. I think today was "a day to take notice" in the indexes to the downside. 

Other recent days to take notice:

Oct 13, 2022 Bottom reversal bar in SPY. 

Jan 6, 2023 Ignite back up out of higher-low base.

Feb 1, 2023 Above (all but one) trendlines and Nov pivot high.

At that point I declared a new major uptrend. 

Perhaps today it died.

Today was a high volume strong selling day in which we let out levels in SPY, IWM, DIA (major 325 level is gone). Recent relevant bar was March 2, and that is taken out.

Only QQQ didn't give up the ghost today.

I did a lot of trading today. Very nice green day on account in morning trading with notably 2 big wins in JD and with SPY 0dte puts into the close for icing on the cake.

	net % g/l
spy	112.28
jd	89.60
baba	50.12
jd	46.45
coin	21.61
spy	7.73
asan	-8.87
baba	-18.93
asan	-24.86
baba	-30.12
qqq	-55.57

Sampling of the trades...

Neutral day

 Maybe I overtraded today, but I didn't oversize. Took a few small gains. Got a good ride on the morning NVDA bump. Also had several small losers. 

Debating whether it's better to just size up and take what I get, or size down and have lots of chances. 

Heartbreak of the day was I had a target on TSLA short to close when TSLA went to 192.28. Then I had a sick kid and had to run off for an hour+. TSLA traded down to 192.3 then bounced. Reduced my stop when I came back, but only managed to get +4% out of that trade vs much more. That's assuming I would have played it right if I was watching, which also isn't a sure thing. 

I'll call it a neutral day, though it is slightly red on the account.

Tomorrow and Wednesday, Jerome Powell is scheduled to speak at 10am. Not bad tomorrow, it reduces the desire to be at my desk and I can go hear Megilla at a decent time.