Shared by
probjhill
I will say this once. Trading $SPX same day contracts are not for the weak. I entered on a 9ma, 21ma, rejection on the 1 minute on QQQ that turned out to be a impulsive liquidation bar that destroyed my premium in seconds (Which is shown on the chart at the bottom). The only reason that I stayed in this trade is because I am aware that impulsive bars don't hold as they are unsustainable price action. I was able to hold until the price action continued in the correct direction with a decent profit. Any tips?
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-11-03 09:33:27 | 3 NOV 22 3690 PUT | buy | $8.300 | long |
| 2022-11-03 09:51:35 | 3 NOV 22 3690 PUT | sell | $9.700 | 0 |
Displaying SPY as a proxy symbol.
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