Friday, April 28, 2023

cool my jets

 Did I get too overconfident again? Thurs/Fri I lost a lot on COIN. Thursday it wasn't even my setup. Friday when it did break down, I didn't capitalize well and also took a net loss. 

Next week, reduced size. Have to dig out with a spoon.

Wednesday, April 26, 2023

Scalps

Grab and get the heck out is trade of the day. 

Love my hit and run this morning. I'm starting to feel like "I'm back!" in my trading. Pick my very best setups. Minimal risk exposure, rake it in, go have a nice day. 

At this point, I need to beware of the confident feeling I'm having. I know about myself that when I feel really confident, I'm open to getting humbled. I need to stick to my very best setups. Hit, grab my gains, and run. 

Today, the pltgt was very key in BA gains. I know that BA can run hard but also reverse hard. Always lock gains there. 

RUN also had a lot of volatility and about 10%+ spread. Need to take targets there, so I skimmed off a fraction for an easier target, then put the rest of the first half out for a slightly increased target. Back half out on first sign of reversal.

Zigs no zags!




Tuesday, April 25, 2023

wide spreads but got my piece

No regrets with either of these trades. Both had incredibly wide spreads and I did leave a lot on the table, but I also didn't ride the zags. My goal is "zigs no zags". Just trade the open and then go have a day. That's my best trading - hit and run. Lately I've been sucked into trading all day, whittling down/giving back morning gains and building stress. I don't want to trade like that. I'm allocating myself less money lately so I don't mess around.  

Today there were 10am econ announcements so I knew I wanted to be out before then. 




Monday, April 24, 2023

slow and steady

 Today's goals were to size small and only take opening setups. I made most of the money in AMD (shown) and a little in a tiny SPY scalp (not shown). 

Felt like a very good day, probably because of the small size. Everything just stayed sane. Also the rest of my day felt great. I only traded the morning and the rest of the day was a pleasure. Why do I keep myself in front of the screen, only to take nicks out of my opening gains. Just rake it in and leave!!

Maybe I trade this small for a while and stay sane for a while. There's a lot going on this week in terms of economic announcements and earnings, yet the market remains in an infuriating range. 



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