$SPX Trade on Jan 13, 2022 13:35 from ricky_trades: Tradervue User Stock Trades.

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ricky_trades

 

market today was bearish.
we could not break yesterdays high.
alot of bearish sentiment in the market with the feds giving us 3-4 interest rate hikes this year.
also the bonds as well.
spx levels were solid and clear.

Trade#1- should have not taken this trade. this time is normally market makers and low volume but what made me feel ok in taking this trade was that we had some afternoon momentum but this area was not the greatest to trade in more choppy.
ok so i saw the 4695 area and i saw the small intraday trend had broke so i got in but 4695 kept holding up and i didnt feel confident holding the trade which it wasnt working in my favor by consolidating sold for a small quick loss.

Trade#2- ok so i tried once again to take the break of 4695 and it worked but by the time i got in the move was already a bit exhausted. eventually we sold off into 4685 which was nice but i was able to grab a nice piece of the move. but i need to focus more on getting in at rejection levels for a better risk to reward. 4705 ish area was best for this reject play.


Execution detail:

Date/time Symbol Side Price Position
2022-01-13 13:35:41 14 JAN 22 4650 PUT buy $6.200 long
2022-01-13 13:43:56 14 JAN 22 4650 PUT sell $6.000 0
2022-01-13 14:17:01 14 JAN 22 4650 PUT buy $6.000 long
2022-01-13 14:18:05 14 JAN 22 4650 PUT sell $6.700 0

Displaying SPY as a proxy symbol.


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