$SPX Trade on Jan 11, 2022 09:43 from ricky_trades: Tradervue User Stock Trades.

today Jerome Powell the feds chairman was testifying.
he was speaking to the inflation and interest rates.
i should have waited as these events tend to cause choppiness in the market.
i was watching SPX and things seemed bearish at the open. could not break yesterdays high.
i got in at a support level and it was in range while powell spoke.
eventually we created a double bottom and market took off.

i should have gotten out when the stock price went back to support for break even and or small loss.

spy also went into a demand zone and i saw it but by the time i realized it i was already in the trade.

i will work on executing a bit faster and not bag holding these trades.
i gave this trade way too much room to move.
i need to tighten and stick to a clear stop loss.

i need to start waking up early and really getting myself together before the market opens. awakening the brain and being sharp is so vital to your trading career.

i am becoming to bias where i only feel comfortable in PUTS. and realistically to be a great trader you must understand both sides of the market the up and down.

also lookin at chart we created a DOUBLE BOTTOM as powell was speaking. this is BULLISH.

also looking back the stock has a nice move down from 4670-4630 by the time i entered the move was a bit exhausted and done

looking back at my cancelled fills towards where i could have saved the trade- i was trying to get out at a profit or break even. i was hopeful and greedy but we all know those dont work!