Trade 1: This was an impulse trade and I immediately thought better of it. I was listening in on the discussion and got caught up in the moment. While it could have turned out to be a decent trade if I'd held, you can see on the premium chart that there really wasn't a lot to be done. Complete FOMO. Have got to learn to deal with that better. Entry D. I still got in on a good price action barely between the 8 and 21. The histogram was negative though, and the stack was a mess. Bad entry. Exit will be a b. It was good considering the entry. Again I exited because I had no idea why I got into that trade after I got into it. Never be afraid to close a position if you don't know why you're there.
Trade 2: This one was a little better thought out, but I was still trading more on FOMO rather than a good plan. I was playing off the 5 min chart. As a caveat, I do not use pre/post market data on my charts. We were showing a squeeze into positive territory on the histogram, the price had pulled back to the 8EMA, only thing I was missing for a clean setup was the amount of time in the squeeze. Should have been 5 bars, I got in on the first. I was able to exit in a profit, but again just didn't like what I was seeing. Plus the market internals weren't showing the best activity. So I got out.
There are two more TSLA trades in here I'm only going to touch on briefly. The 3rd trade was just an example I was showing my son how things moved. Should have been in simulator. 4th trade instead of hitting 1 for the position size I accidentally hit 11 and the order got filled. It was an iffy trade at best. I got out unscathed but had to use the restroom shortly thereafter.
DO NOT TRADE OUT OF BOREDOM
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-09-16 09:57:57 | SEP18 20 500 CALL | buy | $4.950 | long |
2020-09-16 09:59:04 | SEP18 20 500 CALL | sell | $5.200 | 0 |
2020-09-16 10:17:46 | SEP18 20 500 CALL | buy | $4.950 | long |
2020-09-16 10:21:29 | SEP18 20 500 CALL | sell | $5.300 | 0 |
2020-09-16 10:42:19 | SEP18 20 500 CALL | buy | $4.130 | long |
2020-09-16 10:43:31 | SEP18 20 500 CALL | sell | $3.800 | 0 |
2020-09-16 10:53:43 | SEP18 20 500 CALL | buy | $4.300 | long |
2020-09-16 10:56:12 | SEP18 20 500 CALL | sell | $4.300 | 0 |
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