NVDA was on my watch list as a trade to start right out of the gates. In premarket stocks signs important levels that can give predictions on how a stock is gonna react to the SPY. NVDA had a drop down to -400 recorded by the CCI during after/premarket hours. This gave me enough awareness that the stock was going to react heavily to the negative impulses by SPY. NVDA lost around 5$ at the opening while the SPY moved in a whipsaw action staying in a limited range. But all this is not enough to be a profitable trader. Competency and the ability of reading indicators in combination with the market alignment and bla bla bla is not REALLY enough for you to be profitable. I didn't press the sell order at the opening cause I have made in the past too many wrong trades at that time. But in the past I was basically randomly shorting anything so today it was really the result of an accurate overview on the market situation in accordance with the best stock/setup. I have waited and waited for it but never entered. I entered then when it was completely OUT OF ANY NORMAL CONSIDERATION.
I still need to work on this, even if it happens rarely I have to get rid of it to don't affect in a negative way my trades. To Trade or not To Trade at the Opening that's the question!! Yes or no once for all, whether you smell it or not!? I have entered the second time again when I knew that NVDA got strength during market hours to pull back the opening drop and go further above VWAP. PERSONAL COMMITMENT AGAINST THE STOCK. I REALLY WANTED TO FUCK HIM HARDLY TODAY AFTER THE MISTAKE I DID!!!! This attitude is wrong and I know it, but it comes MOSTLY when I trade the opening. I have to add the fact that here I gave 1$ move against me, thing that I don't do when I TRADE MY STRATEGY.
Last thing, the stock had a spread that was too high for my tolerance, I don't understand how could the broker execute the order if I have set a limit of 0.20$, I have started the position of 2 shares with already 1.25$ loss :O Hello boy wake up :O
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-12-28 09:37:57 | NVDA | sell | $131.030 | short |
2018-12-28 09:37:57 | NVDA | sell | $131.030 | short |
2018-12-28 09:39:06 | NVDA | buy | $132.060 | 0 |
2018-12-28 10:12:16 | NVDA | sell | $132.400 | short |
2018-12-28 10:14:05 | NVDA | buy | $132.500 | short |
2018-12-28 10:15:22 | NVDA | buy | $133.030 | 0 |
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