$SPX Trade on Jan 21, 2022 10:22 from ricky_trades: Tradervue User Stock Trades.

wow very disappointed in myself.
today spx and spy were approaching the 200 day sma
my plan was to get in one it reached that area for puts.
i got in way too late and we had a huge rally to the upside.
i froze and it turned into a day trade.
i dont think i am sticking to a plan nor do i have a plan.
i dont have an exit plan.
i let this scalp turn into a day trade and espeically being at 0dte.
this thing never made its way back up until the afternoon but still got greedy and wind up being stubborn and holding and again it reversed on me.
time decay ate my premium.

i am very disappointed.
i keep having horrible entries that as soon as i jump in the trade turns on me.
my entries are either are the top of the play or the bottom of the play anticipating for it to keep going down.

i need an exit plan
i need a physical stop loss
trading wont work if i dont stick with the stop losses and focus on better entries like bounce or reject plays.
this is a very difficult day for me.
i wiped out all my profits for the week and just about as to when i started i was up nicely and i have alot of nice green trades but these red trades are way to big and wipe me out.

i let this trade and contract/premium expire worthless.