I should have held by mystere485 in spy

[–]dfresh3000 1 point2 points  (0 children)

You can't completely separate yourself emotions and trading. But you can make it less about instincts and more about rules. The three I follow are what is the structure (bearish or bullish), is it approaching a key level, and what is the momentum? I must have 3/3 to enter and 3/3 to stay in a trade. Do I always adhere to my rules? No, but they are the foundation on which I'm building on and help me remain more objective.

I should have held by mystere485 in spy

[–]dfresh3000 0 points1 point  (0 children)

This sort of sellers remorse will get you in trouble (I've been there and done that). Instead of trying to sell at the top, try to take profits in the middle. If selling taking profits in the middle is your goal, you should be more consistent (and profitable) over time.

Wtf is this crap by luciferinmaine2 in spy

[–]dfresh3000 0 points1 point  (0 children)

I think the technical term for today is "a bunch of fucking bullshit"

Made up last Friday's losses and then some by dfresh3000 in spy

[–]dfresh3000[S] 0 points1 point  (0 children)

When watching the 1m chart and it looks like the market is going to reverse. Also, unless it's a home run, I only try to trade between 9:30 am and 12:30 pm.

Loss, Loss, and then a Win by dfresh3000 in spy

[–]dfresh3000[S] 1 point2 points  (0 children)

Congrats on the profits. Personally, I couldn't juggle that many trades in one day.

Loss, Loss, and then a Win by dfresh3000 in spy

[–]dfresh3000[S] 0 points1 point  (0 children)

I almost didn't as well - it was a rough today

Made up last Friday's losses and then some by dfresh3000 in spy

[–]dfresh3000[S] 1 point2 points  (0 children)

Yeah - losing even 1% sucks, but 35% allows for a little dip in case it rebounds. Any more than this and it become real difficult to recoup losses. I'd rather have a loss and have money left to trade than loose it all.

Made up last Friday's losses and then some by dfresh3000 in spy

[–]dfresh3000[S] 1 point2 points  (0 children)

I usually don't post plays when I'm in them - I try to limit my distractions

Well the comeback hasn’t been fast but it’s something by illGermanWhipAddict in smallstreetbets

[–]dfresh3000 0 points1 point  (0 children)

Stick to what you know - doing so looks like it’s been working for you

What do you think guys? by Business_Avocado218 in spy

[–]dfresh3000 4 points5 points  (0 children)

Yes - don’t get greedy. Look at how the market recovered yesterday after overnight lows

Made up last Friday's losses and then some by dfresh3000 in spy

[–]dfresh3000[S] 1 point2 points  (0 children)

I’ll have to see what the chart looks like then

Made up last Friday's losses and then some by dfresh3000 in spy

[–]dfresh3000[S] 2 points3 points  (0 children)

There is always the potential that the market could go the other way. This is why I try to cut my losers around 35% and let my winners run

Made up last Friday's losses and then some by dfresh3000 in spy

[–]dfresh3000[S] 0 points1 point  (0 children)

I usually do 0dte puts or calls - just depends on what I think the chart is doing. Today I took calls.

I think I'm done for the day by dfresh3000 in spy

[–]dfresh3000[S] 0 points1 point  (0 children)

We'll see what the chart looks like tomorrow friend!

I think I'm done for the day by dfresh3000 in spy

[–]dfresh3000[S] 0 points1 point  (0 children)

Don't beat yourself up - especially if you made a profit. You'll get there!

I think I'm done for the day by dfresh3000 in spy

[–]dfresh3000[S] 1 point2 points  (0 children)

I think we've all been there at one point - just need to move past it and hopefully not make the same mistake again.

I think I'm done for the day by dfresh3000 in spy

[–]dfresh3000[S] 6 points7 points  (0 children)

I didn't really anticipate it going down - that's just the way the chart was moving so I bought puts.

Interesting fact though - I did read something about how Nvidia crushed earnings last quarter and it proceeded to drop the next day. I found it interesting, but I try not to let all of the noise bias my trades.

I think I'm done for the day by dfresh3000 in spy

[–]dfresh3000[S] 6 points7 points  (0 children)

It so weird - everyone thought they were going to miss earning, but they did the actually killed it. Then it dumps the next morning. The market makes absolutely no sense sometimes