Showing posts with label TOXIC. Show all posts
Showing posts with label TOXIC. Show all posts

Tuesday, January 24, 2023

got chopped on the inside day

The FIRST rule of inside days: don't expect followthrough. 

How many years have I been trading?

This morning on the open there was a wild market glitch. Lots of strange halts and weird action. Fortunately I didn't get caught in that. 

Then I took 1 "normal" loss and 1 C-game loss (0dte) and I'm calling it quits. Coulda' shoulda on the last one, which...  wtf, self!?!  0dte is poison. Also poison: not taking the pltgt bc I want so much more. 

Repeat: the pltgt is my bread and butter. I need to take that target every single time. Either I take the target with a limit order, or run a trailing stop behind it for more. But there should never be a time when I hit +20% and don't take it off for at least +15%. +20 should never go red.

And helloooooo....! I only turn to 0dte in the first place when I'm desperate 🚩. 
If I'm even looking at 0dte, I should shut down.




Tuesday, January 3, 2023

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)





 

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