Same with prior trade. after the reversal at 288. Tsla trading between price range at 290-292. Keep rejecting at 292.
I bought at PUT to play a downtrend momentum. risking about 50c only. This trade WILL WORK IF I HOLD around 30m to 1hour. Target: $1 to $2. and it does going to 289-ish.
The reason that I get out so early. Because like the prior trade. It's already noon, and I trust my plan that trade noon is bad. So instead holding my position, I get out of it and got a very small gain.
The problem is: Before I enter, I should already know should I want to enter and hold or not. My MANTRA now is avoid those scalp less than 20s 30s, because risk is too high and volume is too slow. Quick Scalp never worth it at least for my setup/edge!
|2022-09-22 12:29:08||23 SEP 22 295 PUT||buy||$5.300||long|
|2022-09-22 12:30:03||23 SEP 22 295 PUT||sell||$5.400||0|
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