market open a bit higher today
then shot back down very quickly
already 70 points range
TRADE#4
we broke down at the 383 level took another trade
took trade to 382 level quick scalp
TRADE#5
381 we broke down again to 380 took a quick scalp
selling pressure was present no buyers were present
Trade#6
this trade was working out but then we hit the 380 level and things took a turn fast
got out for a small loss. this is were the squeeze began to happen.
Trade#7
saw heavy volume buying pressure and volume but got shaken out
i was green on this trade but could have held longer for bigger move
Trade#8
this trade was an accident trade but i made it out ok. again sold too fast.
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
overall we were down today 170 pts then up 100 pts
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 12:38:10 | 20 MAY 22 384 PUT | buy | $2.190 | long |
2022-05-20 12:43:17 | 20 MAY 22 384 PUT | sell | $2.560 | 0 |
2022-05-20 13:11:52 | 20 MAY 22 381 PUT | buy | $1.630 | long |
2022-05-20 13:25:07 | 20 MAY 22 381 PUT | sell | $1.760 | 0 |
2022-05-20 13:26:38 | 20 MAY 22 381 PUT | buy | $1.860 | long |
2022-05-20 13:31:12 | 20 MAY 22 381 PUT | sell | $1.520 | 0 |
2022-05-20 13:34:02 | 20 MAY 22 383 CALL | buy | $1.370 | long |
2022-05-20 13:34:21 | 20 MAY 22 383 CALL | buy | $1.290 | long |
2022-05-20 13:35:02 | 20 MAY 22 383 CALL | sell | $1.520 | long |
2022-05-20 13:35:30 | 20 MAY 22 383 CALL | sell | $1.320 | 0 |
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