i was looking at spx once it broke the 4700 level-
i failed to acknowledge and chart properly that 4705 is a key resistance area.
it pulled back and i got out the trade.
4700 is a psych level and hasnt really been able to break since November.
noticing these levels will make a huge difference.
i will start waking up way earlier to just chart deeply before market open.
this loss literally was based on charting.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-12-10 09:40:10 | 10 DEC 21 4720 CALL | buy | $3.600 | long |
2021-12-10 09:45:58 | 10 DEC 21 4720 CALL | sell | $1.550 | 0 |
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