SPY Trade on Jun 22, 2022 09:39 from christinaho: Tradervue User Stock Trades.

This morning, I saw the overall market had gapped down for the pre-market. Obviously when I saw this, I was leaning towards buying puts near the open. When I got on my computer, and watched the futures move for SPY, there were a couple of strong green candles above VWAP. I was now a little confused, and did not want to buy in on a trade right at the open. I waited a little and entered SPY puts at the high of a green candle that quickly rejected. The next 2 min candle started to turn red, and I was up about $400-$500. Because I got to this amount of profit in such a short amount of time, I was thinking in my mind "I got to this profit so fast, I can make more if I hold a little longer, and Powell is known to dump the markets" The same red candle then retraced quickly and turned green. SPY ranged for a little and my contracts were now -$300 for a loss. In my mind, I knew this was my stop loss rule, but I decided to hold because of today's volatility. I was then breakeven and at a little profit, but did not sell. I think when I saw I was up about $400 so quickly and then it went away, it affected me. I wanted that back. The next candles were strong green, and I quickly sold at around a -$550 loss. Right after this, I did not freak out too much but I was looking to get into calls. I did not take a break, and was planning to get in at the next "pullback" I entered SPY calls at a decently strong red candle. There were 2 other 2 min red candles after I entered, and I was down about -200 at one point. I decided to hold this trade because of today's strength. The next candles were green, and I sold after a few strong green candles / I saw my PNL was overall green for the day. I was not up about $25 for the day. I wanted to get into one more trade to get me to my profit target. I knew I was "breaking" my rules a little bit today, but I thought today presented good opportunities to buy in for the upside. SPY kept pumping, and it was a little hard to find an entry. I bought in at a small pullback that was a little bit "random" but I quickly got into a profit and I sold. I ended the day at about $225 and was now done for the day. Trader Vue and TOS says about $321 profit, but this is because I bought so many contracts so my commissions and fees were higher. I would like to mention that if I had entered at the next pullback after my 3rd trade, I would have lost on this trade. So in a way, I did get lucky as the entry was desperate, random and SPY had already gone up so much. I ended up green for the day, but I am not sure if I deserved it. I twisted some of my rules. If I do the same thing another day, I could end up even more red than I started with. Another note is, even though I did not sell at -$300 for my first put trade, I am happy that I sold at -$550. This is progress because there have been days where I would hold a similar trade to 0!! After I sold out, I was able to bounce back with calls to end green for the day! Overall, I made some mistakes today but there was also mentionable progress seen today.