Posts

Showing posts from April, 2021

What am I doing?

Image
 I have got to slow down. I am destroying my account by day trading everything, adding to fast, not knowing actual risk, not respecting my actual risk, not letting stocks work, not taking wins off for wins and letting them run all the way to -1R and then some. Really bad trading lately. I am gambling and its not ok. Its not who ive been as a trader and it needs to stop. I need flow charts of if then statements going all the way back to basics.  I am WAY caught up in momentum trading, risking like it and taking huge hits not letting stock work itself out. I have stopped doing what has been working for me and have resorted to trying to get that quick money, with full size, like the stock has proven itself strong. It is not a momo market right now. There are momo names to trade for sure, there are stocks that still make those kinds of moves. But it is not more often than not. It is 1 or 2 a day. So when my watchlist is 10+, its safe to expect that they wont pop and be gone withou...

Note to Myself

Image
 Struggle bus lately. Need to get things off my chest/mind. The month so far hasnt been bad. Up a little bit. 2 huge wins on AMZN and PVH keeping me positive still. This last week though has been tough. Lots of losers. Monday started off 0/10 with 100% compliance. I think that right there should be a warning sign of whats to come in the market. This last week I lost 14R. 1st week made 20. AMZN PVH alone made me 15R/+2200$ off of 315$ of risk. My best trades this week totaled +915$ and +14R off of only 200$ of risk. Still have a TMUS trade im swinging which should bring this up ~+$1300 and ~+19R but well see. Also this trade only off of 81$ of risk. This week my risk feels off. Im back in that spot where my best wins are off of low risk. Sometimes thats just how it is, sometimes its me not calculating my risk fast enough or correctly.   Looking at my losers and big wins, some things the big wins all have in common: -Good option volume + spread -Good High stock volume -High...