SPY Trade on Apr 9, 2020 13:32 from dpaleo: Tradervue User Stock Trades.

thank you. i thought about shorting that prev wick as well, which i dont think was a bad entry, but I passed bc it was a little early (before 1pm). Still the idea was good enough that if you took that prev entry and got stopped on the $281 wick you coulda re-entered the short.

They are consistent if the market environment is right. The market squeeze of the last 3 weeks this strategy did not perform consistently and I took some losses last week.
Ive been trading professionally for 6 years. For whatever reason, be it my personality or what have you, I am most comfortable mean reverting so I stick to that strategy for most part.

Yes breakout momo worked incredibly well last 3 weeks. I lost some money fading those moves bc I had the bias that breakouts typically dont work in bear markets so I was anticipating a lot of fails. But I was very wrong.
Mean reversion is a tougher strategy on the whole i think - remember the trend is your friend. And I think over the last 5 years momentum has gotten stronger and more prevalent with all the quant strategies basically doing the same thing so for me its more important to recognize when mean reversion is working and when to sit on my hands or scalp.
Trading is the hardest game there is. There are so many struggles along the way. But if you have the passion, can find your edge and continuously improve you can do it. The fact that you are logging your charts on this site and looking at others trades tells me you're well on your way. There are also a ton of great traders on twitter that put out a lot of great content/education. SMB Capital and Mike Bellafiore put out some of the best. You can learn a lot from them - I still do.

Man, luckily i never went down the penny stock rabbit hole