SPY Trade on May 12, 2021 09:48 from dominicci13: Tradervue User Stock Trades.

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dominicci13

 

Don't Overtrade

As I was taking in trades, I started to feel more and more stressed, because I know I was being greedy and wasn't working with a strategy.

-First trade: Price consolidation between support and resistance. Bought at resistance and sold at support. Got out early due to latency on TOS and freaked out. If I'd follow my strategy of trailing-stop, the profits could've been so much higher. PUT

-Second trade: Stopped out. Got in too late. FOMO - PUT

-Third trade: Stopped out. I felt like I needed to be right. I thought it was going back to the offer and demand zone, but it was the opposite and created a new resistance level. CALL

-Fourth trade: Same as third, stopped out due to the feeling of needing to be right, and bought at support level, thinking it was going lower. PUT

-Fifth trade: Bought at resistance, and I took profits too early due lack of strategy, and freaked out. As the first trade, I should've use my first strategy of trailing-stop, and profits could've been so much higher. PUT

-Sixth trade: Stopped out. Got in too late. FOMO - PUT

-Seventh trade: Expecting a reversal, and it was a fakeout. Greediness trying to revenge the market and recovering my losses. CALL


Execution detail:

Date/time Symbol Side Price Position
2021-05-12 09:48:14 SPY buy $0.6300 long
2021-05-12 09:53:38 SPY sell $0.7500 0
2021-05-12 10:00:44 SPY buy $1.000 long
2021-05-12 10:04:12 SPY sell $0.8700 0
2021-05-12 10:06:56 SPY buy $0.4400 long
2021-05-12 10:11:52 SPY sell $0.3400 0
2021-05-12 10:15:44 SPY buy $0.9300 long
2021-05-12 10:18:25 SPY sell $0.8300 0
2021-05-12 10:24:37 SPY buy $0.6600 long
2021-05-12 10:30:19 SPY sell $0.9300 0
2021-05-12 10:33:21 SPY buy $1.130 long
2021-05-12 10:35:21 SPY sell $1.030 0
2021-05-12 10:36:56 SPY buy $0.2200 long
2021-05-12 10:42:03 SPY sell $0.1600 0


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