Greetings Everyone.
Another one and done kind of day! Again, sold too early and could’ve made more today. I have to know when to keep on going and when to sell.
Today’s Feeling / Emotion / Mental State: Woke up early today at 5:45am and did a good walk for about an hour. I spoke to my mom while walking and that did help mentally. I miss my family, haven’t seen them for about 7 years. This might be a good reason to really dial down with trading this year so I can afford to go on a 4-month vacation next year in the Philippines if I do good.
Analysis:
While I was drawing my levels this morning, I wrote that if META wanted to go up, it needs to maintain 659 or it will drop even further. At the opening, META took 663 and retraced. I was anticipating a break of the structure above, somewhere around 680’s. I entered around 660, after the 5th or 6th 5m candle closed above 659, telling me that it wants to go higher. At the same time, I was watching VIX and it’s way below 19+, ES and NQ were retracing well and wanting to go up. I then sold most of my contracts when it failed to climb higher than the previous day’s high. But then, it went to my TP and I could’ve have done $2300 in total after 30mins to 45mins.
Oh well. I guess I’m a very short term scalper.
Greetings Everyone.
One and done kind of day. I sold too early and could’ve made more today. Although, I really can’t complain. My contracts went from $2.70 to $8.20.
Today’s Feeling / Emotion / Mental State: We had our company Christmas dinner yesternight and the alcohol (after avoiding drinking copious amounts for four months) allowed me to sleep really well.
Analysis:
ES was looking weak and I took the jab, shorting with 10 contracts. I got away after 5-6 minutes with $790.
Greetings Everyone.
I had no business shorting TSLA, but I did anyways. It always gets me. hahahaha. Good thing, SPX saved me a bit to cut my losses.
Today’s Feeling / Emotion / Mental State: Feeling splendid. I need to exercise more!
Analysis:
When TSLA opened its first 5min. candle, I was a straight red candle that wanted to go down even more, at least to me. Although, I should have trusted my levels (again). When TSLA hit 466, it did a reversal, I was expecting that it will not get pass 474-476. That’s where I got the conviction to short the stock. Despite being up $300 at some point, it all evaporated once it started climbing. I allowed it to climb higher past my stop loss, thinking that there might be a reaction back to the downside, but it didn’t. TSLA climbed up to $482 during that move and even managed to finish the day strong.
SPX was looking kind of weak, printing lower lows during the afternoon session. That’s where I entered a quick trade that gave me $350 back. It was a quick trade targeting my demand level, which proved to be accurate.
SPX Trade
Greetings Everyone.
It was a good losing day today. My two trades were controlled and risk management was superb.
Today’s Feeling / Emotion / Mental State: Felt good waking up today. Nothing out of the usual. Mood was positive. I’ve been binge watching Stranger Things since last week. I was late on the train. Being a bit lazy, serving as a couch potato, but hey, I’m not gonna complain about still getting paid during the holidays. Excited to spend Christmas and New Year Eve relaxed and with family.
Analysis: I was anticipating TSLA to break 470, but It failed to climb past 481. I was long, with 2 contracts initially, then added another, but eventually exited at a small lost. Meanwhile, I re-entered again with short that allowed me to get back what I lost.
META was looking weak, and I thought that since it’s been down for a couple of days, that a relief rally will be imminent. As well, it was a fakeout and I exited even before it hit my stop loss, when I saw signs of weakness coming from ES and NQ, while VIX was climbing up. Not gonna complain, it felt like I had a good read and risk management with the market today.
Hopefully the Santa Claus rally is still on the table!
Greetings Everyone.
I’m continuing my green streak and took a jab at META, shorting it to a certain key level of 639-638. I allowed ES to climb this morning and waited. Despite ES climbing, META was showing weakness. AVGO was also showing weakness due to the previous day’s earnings report. NQ was weak, TSLA was rallying, and so can see that the market was all over the place.
Today’s Feeling / Emotion / Mental State: Woke up splendid today, due to a nice 16,000 steps exercise the night before. Today is a friday and I think that helped with my psyche, looking forward to a good weekend. I made a killer sandwich for my associates at work.
Analysis: META was showing weakness, I was watching the 5m time frame. When I saw that it has gone below 646, I was waiting for it to climb back up for a better entry, but the stock didn’t want to touch that level again. I told myself that I will jump in at 644, with a 2 point stop loss—not a bad entry if you ask me. Then, I rode it all the way down to 639 and I was out. It was a good trade for META started to bounce back up after that trade. Pretty happy with the execution.
Greetings Everyone.
I am resuming my journal entries to show my readers how mentally draining trading is. Yes, trading takes a lot of toll mentally, but, I have to push through and show transparency. I didn’t really trade during the first week of December since I was coming back from my vacation. At the same time, I was observing the market and it wasn’t really giving a lot of opportunity for OPTIONS traders. I don’t think future trades had the issue making a quick jab at the market, but anyone who overstayed their welcome got hurt.
Today’s Feeling / Emotion / Mental State: I felt amazing since I went back on exercising. I jogged the night before and that cleared my head the day after. I was so confident with my trade that I didn’t feel any heightened emotions while I was conducting the trade.
Analysis: I was browsing through some charts and saw a wonderful META set up where $641 was holding. Looking at the larger time frames, it seemed like META wanted to climb up. So I took a chance and did wonderfully. META climbed even higher after I sold my positions.
