$SPX Trade on Oct 25, 2021 09:46 from srosas13: Tradervue User Stock Trades.

Situation: SPX post a low, we are in positive gamma territory so all dips are valid for a buy back and mean reversion. I let SPX post a low and it sells off outside of the 5min bolly Once it reclaims the 5min bolly and post a new high I now have my defined risk. I got long in the trade.

Self Talk: During the trade I see the price action stalling but the options premium is not getting deminished this is a good sign. I add one extra contract for extra profit because I feel like if I am stopped out I will still be within risk. I am thinking to myself that as long as I see higher higher and higher lows printing that I am going to stay with the trade. Once it reaches the top bolly I begin to take profit as my odds of a rejection increase at this point.

Consequences: I take a nice 2R and execute as planned for a near max profit potential. Each sale on the TP was a higher sale and that is what we look for when scaling out of the trade.

Coach Talk This is a playbook trade, I would not have played this trade any different because I feel like the best possible result occurred.