$SPX Trade on Jan 10, 2022 09:38 from ricky_trades: Tradervue User Stock Trades.

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ricky_trades

 

market sentiment today at the open was bearish. market internals could not get above Premarket highs and/or last week highs. not a buyer in site.
i wanted to wait for the market to present opportunity.
SPX was diving into the zones i had on my chart which made me feel good.
my charting is getting better.

TRADE#1- was ok i got in a zone where this trade could have gone either to the up or down side.
spy had strong volume to the downside and was also respecting zones.
if the trade would have gotten above vwap and 9ema i would have gotten out.
this premium jumped nicely. my trade idea worked out.

TRADE2# i saw SPX rejected the 4600 key level so i decided to get in. as i got in the trade was red. i was anticipating a move to the downside.
the trade consolidated and went back up near the level 4600 but ultimately rejected and went back down. i had to hold and be patient but my plan worked out i had 4590 ish as a profit target area. i got out around there area.

Overall i was hesitating today where i should have gotten in at such as the rejection of these key areas.
at one point i was on a call with my therapist and saw a reject play in the afternoon on SPX at the 4650 area but thats ok. i will get better and im glad im acknowledging these zones in which SPX respects.

MESSAGE TO SELF: STOP GETTING IN PUT PLAYS AT BOUNCE LEVELS.


Execution detail:

Date/time Symbol Side Price Position
2022-01-10 09:38:06 10 JAN 22 4600 PUT buy $6.900 long
2022-01-10 09:45:12 10 JAN 22 4600 PUT sell $8.400 0
2022-01-10 10:14:57 10 JAN 22 4565 PUT buy $6.100 long
2022-01-10 10:42:52 10 JAN 22 4565 PUT sell $7.100 0

Displaying SPY as a proxy symbol.


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