HOLY DAMN! A SINGLE DAY IN WHICH I'M NOT FULLY FOCUSED(so I didn't follow my rules) I GET BEATEN HARD.
PLAY: ???? -- ended up being a fade, after a blowing top
KEY LEVEL: 310.77(Yesterday HOD)
Did I follow my stop loss rules? NO I DID NOT! Held through a brutual dump early in the morning. I wanted to go back from red to green so bad after that.
1st Play: My 1st entry was a high chase, and should have been a scalp. Didn't take the quick move and decided to hold the winner. There's a difference between being greedy(but exposing yourself to too much risk), and being smart and letting your winners run. I got caught in a blowing off top, but the mistake was when I refused to hit out at breakeven. I really can't believe I let this get to a $200 loss, which set me up for failure the rest of the day. I broke 2 rules in this trade. First, I didn't stop out. Second, I averaged down. You shouldn't be surprised then, with the results you have.
**2nd Play: This was actually not bad, for it could have been a good winner if it worked out. Risked breakeven for a bigger win. Valid.
3rd Play(Short): 3 Candle Hold below 308.57. Stopped out. Not a problem.
4th Play: Reserved my direction. Once again stopped out. Not a problem.
5th Play: Well after so many tries, FB seemed to have found a direction. A downwards channel. This direction was correct, but my entry could have been so much better, if I wanted for a retest. Descending Triangle.
Chart:
5 Min:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-06 09:34:05 | APR09 21 315 CALL | buy | $2.860 | long |
2021-04-06 09:36:31 | APR09 21 315 CALL | buy | $1.970 | long |
2021-04-06 09:37:39 | APR09 21 315 CALL | sell | $1.780 | long |
2021-04-06 09:37:51 | APR09 21 315 CALL | sell | $1.720 | 0 |
2021-04-06 09:41:12 | APR09 21 315 CALL | buy | $1.900 | long |
2021-04-06 09:49:21 | APR09 21 315 CALL | sell | $1.800 | 0 |
2021-04-06 09:51:04 | APR09 21 305 PUT | buy | $2.810 | long |
2021-04-06 09:54:14 | APR09 21 305 PUT | sell | $2.590 | 0 |
2021-04-06 09:57:49 | APR09 21 315 CALL | buy | $1.800 | long |
2021-04-06 10:00:24 | APR09 21 315 CALL | sell | $1.610 | 0 |
2021-04-06 10:00:45 | APR09 21 305 PUT | buy | $2.770 | long |
2021-04-06 10:24:00 | APR09 21 305 PUT | sell | $3.000 | long |
2021-04-06 10:31:33 | APR09 21 305 PUT | sell | $2.870 | 0 |
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