SPY Trade on May 20, 2022 09:43 from ricky_trades: Tradervue User Stock Trades.

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ricky_trades

 

052022

market open a bit higher today
then shot back down very quickly
already 70 points range

TRADE#1
got in a call
saw strength
rejecting pm high

we held the level 392
very choppy area

we currently have no buyers in this market
should have exited my trade

creating a bearish engulfing pattern there

trade not working out

removed my stop loss thinking it would work

try to give stock room to make a move happen

but reality is some plays arent worth the risk if they are taking too long

we seem to be holding 372.95

the pins of these candles are telling me buyers are present but not sure yet

forming a symetrical wedge pattern here
5min chart

vix at a critical level going red

ok we wound up breaking down

2 notes we didnt break HOD and we didnt even get to pre market high
should have stayed on sidelines

bear market right now

got out for a big loss

TRADE#2

i saw we broke $388 level and got in for a quick scalp
this trade was pretty solid.
9ema and vwap were above.

Trade#3

i waited for a consolidation and then i saw another breakdown
got in for a quick scalp as well.

market kept selling off

today is a buy every pop to the downside

today was very wild
i defintely traded way too much
but i was able to bounce back from being down big

we had a squeeze at the end of the day which caused
the market to rally
made sense since we sold off so much
we needed some relief

i took trades based on the price action
i saw we kept selling off and levels kept breaking down
demand zones were invalidated today

NEED TO STICK TO MY STOP LOSSES AND RE-ENTER.
TAKING A SMALL LOSS AND THEN RE-ENTERING WITH THE RIGHT DIRECTION IS ALWAYS BEST.
INSTEAD OF HOLDING ONTO A LOSING TRADE.
I AM FEELING THE BURN MORE AND MORE WHEN I DONT FOLLOW MY RULES.
I KEEP REMOVING THE STOP TO GIVE THE STOCK ROOM TO DEVELOP THE TRADE IDEA BUT ITS BEST TO FOLLOW MY PLAN AND LEVELS.


Execution detail:

Date/time Symbol Side Price Position
2022-05-20 09:43:10 20 MAY 22 393 CALL buy $2.850 long
2022-05-20 10:52:35 20 MAY 22 393 CALL sell $0.5400 0
2022-05-20 10:56:00 20 MAY 22 388 PUT buy $1.880 long
2022-05-20 10:59:10 20 MAY 22 388 PUT sell $2.190 0
2022-05-20 11:07:06 20 MAY 22 388 PUT buy $2.600 long
2022-05-20 11:11:13 20 MAY 22 388 PUT sell $3.040 0


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