SPY Trade on Jun 25, 2021 10:10 from WizardKing: Tradervue User Stock Trades.

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WizardKing

 

Type of Day: Expected a range day(so I shorted the top), then had it turn into a trend day (so I tried buying the dip), but ultimately by C period to turn back into a Range Day, with the top having been faded.
KEY LEVELS: ON HIGH(4265.50), 4266.50, 4270
Did I follow my stop loss/profit taking rules? I believe so. Every single trade was a loser meaning bad trade location, but at least the losses were contained. Trade small next time until my trade locations are better.


1st Trade: I would have called this to be a look above a fail trade. In the past I would have chased this breakout, but today I wanted to play something with better R:R, so took it short instead. 1st entry failed and I stopped out. The 2nd entry I didn't take profits as I wanted more, and had it going back up against me.

2nd Trade: Single prints trade, expected a OTFU Trend Up move after a slight dip. Ahh, these moves are so great if it's a trend day. Buy the pullback and have it rip back up higher. I even waited for C period to open, to have single prints as a reference area. Too bad they filled. Today wasn't a trend up day after all.
3rd Trade: Dip buy? Don't know what this is called, but my stop was at the ON high. Thought it would at least hold above, but it didn't. I should mention, at the time price really was holding above the level for a good few minutes on the 1 min chart, so I thought it was a nice support, prime for a reversal.


Chart: image
5 Min: image
TPO: image
Big Pic: image


Execution detail:

Date/time Symbol Side Price Position
2021-06-25 10:10:11 JUN25 21 427 PUT buy $1.130 long
2021-06-25 10:11:23 JUN25 21 427 PUT sell $1.040 0
2021-06-25 10:12:03 JUN25 21 427 PUT buy $1.130 long
2021-06-25 10:14:05 JUN25 21 427 PUT sell $1.050 0
2021-06-25 10:36:20 JUN25 21 425 CALL buy $1.460 long
2021-06-25 10:39:58 JUN25 21 425 CALL sell $1.330 0
2021-06-25 10:48:16 JUN25 21 425 CALL buy $1.280 long
2021-06-25 10:50:50 JUN25 21 425 CALL buy $1.300 long
2021-06-25 10:52:21 JUN25 21 425 CALL sell $1.200 long
2021-06-25 10:52:26 JUN25 21 425 CALL sell $1.210 0


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