Another one

Otig

Member
62 3
Up 3%. After my big loss, I feel psychological pressure. Now I can understand why this game is more about emotions. But also the market is bearish, maybe it is even stronger reason why I don't feel comfortable trading, I just found my strategy for bull market recently, and now it seems like it converts into bearish, so I will start to be focused on bearish moves as well in order to be universal soldier.

Trade:

AAPL
AAPL options 12.30.19.jpg
 

Otig

Member
62 3
Up about 28% today, made biggest amount of money during my short trading history. I had two trades, screenshots are pretty self explanatory, the only mistake I made in the describe part, I've traded 4 ROKU contracts, not 2, I even forgot about that, too tired these days cuz need to wake up early for trading and going to work after that. Not sure for how long I will be able to keep my body in a shape with such schedule, but at the moment it's needed. It's actually so funny, I talk to different people, look what they are doing, they complain a lot about their life, lack of time, no luck... but when you see how they spend every day, what they are focused on, what interests have. Everything become so clear, people simply don't have discipline and lazy. But anyway, this is another topic, I'm trading here. This is a long journey and I will probably not able to make a lot of money soon, but at least I see my progress, so just need to keep going.

Trades

TSLA
TSLA options 1.2.20.jpg
ROKU
ROKU options 1.2.20.jpg
 

Otig

Member
62 3
Down 10-15%. Was up on first trade, second trade wasn't even my mistake, even though the setup wasn't the best one, but once I bought the stock, the whole market dropped in 5-7 seconds, it happens sometimes for some reason, just quick move that destroy a lot of accounts I guess. So I've cut my loses, was down about 8% and decided to trade one more time, that trade was completely stupid one, no setup, blindly traded with HOPE, which is not accepted. The result is obvious. Also, if I waited 10-15 more minutes, I would have GREAT trades with my setup, I wouldn't miss them and made probably my biggest earnings because ROKU and FB moved up a lot without any pullbacks today. But I'm still an idiot at the moment, can't hold myself when it's needed. This weekend I will work on it, I need to program myself to avoid trading just for trading.

The good part is, all the loses I have is only because I don't wait my setup, so once I will fix it and will wait my "fish", I should be fine.

Keep going!

Trade:

FB

FB options 1.3.20.jpg
AMD
AMD options 1.3.20.jpg
AAPL
AAPL options 1.3.20.jpg
 

Otig

Member
62 3
I'm about 0% today, little bit up, but I just can't believe I make same mistake day after day, I still gamble and lose trades because of FOMO. I'm even embarrassed to post my trades because I understand how stupid they are, after all learning time, once the market open I just become such an idiot and forget about everything. It's not like I forget about everything, but I can't hold myself do not trading first 5-10 minutes, I basically think that if I lose this first huge move I will not have any other opportunities to trade. So what happens, I jump right before pullback, I lose money, and only after that pull back I can see my setups but it's too late already because I can trade only 1-2 times per day! I've lost at least two moves with my setup that I would trade 100% and I would make a lot of $$$. But I can't trade them because I basically lost my attempt for stupid gambling. I just can't understand how is it possible that I do this mistake day after day, how stupid should I be to just not be able to realize this is the only thing that:
1. Lose my money
2. Doesn't allow to trade my setups due to limited amount of trades per day I have.\

The solution is simple: JUST DON'T TRADE FIRST 5-10 MINUTES, DO NOT JUMP INTO THE WAVE BECAUSE IT'S TOO LATE ALREADY, GIVE A STOCK TO HAVE A PULL BACK, AND ONLY AFTER THAT START TO TRADE. Easy like that. I just lose so many setups day after day.... I should get rid of desire to trade no matter what. It is better to make only 1 good trade per week, that gamble every day!

It's okay, let me blow up my account(s) maybe after that I will start to understand something. I guess what happens to me right now, I'm training my muscle, it takes time to build yourself that is why they say in order to make money in a market it should take some time, because we should master a new psychological skill. The good part it, I really see setups and I see why I lose my trades. Because when I didn't have any setup and couldn't understand what's going on in the market, I was upset and didn't have desire to trade at all, it was complete gambling for me. Now I see the picture, I just need to work on myself.

I will probably post another post tomorrow with the same complain that I didn't hold myself again, so let's see what's going to happen :D I can't believe I can't control myself... Maybe it's because I sleep 3 hours and wake up at 6:00 am, my brain still doesn't work, I don't know.

Anyway, as I've said I'm up maybe 1-2%, here are my trades that I'm embarrassed about.

AAPL
AAPL options1.6.20.jpg
ROKU
ROKU options 1.6.20.jpg
One more thing, the reason I'm so angry with ROKU and I'm sure about the trade where I couldn't anticipate, that blue line is an important critical level that ROKU respected for 1+ month, so I knew if it will break it, we will have a good move. If you ask me why would you then sell it just before break out? Because basically this is how we trade, you don't want to hold a stock under critical resistance, it can bounce heavily. We jump into the trade only after break out. PLUS! I was psychologically broken already, after my first stupid trade, so I couldn't analyse properly already.

This is actually one more thing, I feel that at the beginning I watch TOO many stocks, once the market opens I look into 6+ different charts, which is probably a mistake while I'm still newbie, cuz in fact I can't analyse properly any of them.
 
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Otig

Member
62 3
Today is difficult market for me, everything just turned around at one point and went down. Was less FOMO, had few not bad trades so overall I'm okay. I've found out a good strategy, I don't need to buy the most expensive contract I have for my budget, because in that case I can trade only once. I've just started to buy cheaper ones so I can trade more! Less risk, more trades. Slowly I progress :D Today down about 4-5%.

Trades :

AAPL

AAPL options 1.7.jpg
FB
FB options 1.7.jpg
 

Otig

Member
62 3
Up 4%. Had stupid trades, can't hold anything, very emotional because was tired of having red days, so now I'm too careful, sell pretty fast and sometime don't even allow a price go to my mental stop.

BIDU was yolo trade, I used another account on cellphone so I don't even count it, just lucky money with a stupid trade, I just expected it to go up during the day because it had GAP up at the morning, so once the market got slower I bought my CAALs. But I didn't include BIDU's profits here, because it would be around 10%.

Trades.

BYND
BYND 1.15.20.jpg
C
C 1.15.20.jpg
BA
BA 1.15.20.jpg
BIDU
BIDU 1.15.20.jpg
 

Otig

Member
62 3
Down 2%. I don't like my trades at all, I just play casino with risk management at the moment. I don't predict anything, I don't understand LVL 2, nothing... The only thing I look for is volume, SPY and breakdowns, but all of those breakdowns are too manipulated, I can clearly see how big guys push the price at a specific point and people are caught into the trap there, me included. I need to learn how to read chart, to understand traps, orders, patterns, big guys' plans... Nothing at the moment, I just jump into a simple trade and expect it either go up or down. And also everything is against me, one I buy CALL after breakout the contract price is high already, spread also gets against me, + in most cases they will drop a stock to a stop loss area just to drop retailers. If you will lower stop loss, you will eventually lose more money because it's hard to tell in with cases it's just fake movement and in which it will go down. So for making money you got to have a huge move up in order Risk Reward can be at least 2:1, which doesn't happen all the time. So I try to look for something else except breakouts, at the areas where there are so many manipulations. Or I need to learn lvl 2 and have more practice in trading to understand chart. Because for now I have no idea how to identify strong move.

AAPL
AAPL 1.15.20.jpg
TSLA
TSLA 1.15.20.jpg
BABA
BABA 1.15.20.jpg
NFLX
NFLX 1.15.20.jpg
ROKU
ROKU 1.15.20.jpg

Actually now looking into my trades I see mistakes :D NFLX was a bad entry, I just decided to try to jump into the trade before breakout in order to make more money cuz option contracts raise a lot after only one good move. BABA, I held it too long, could make some money... ROKU was greedy entry, I should have wait until that candle is closed, that's what I always do. Hm, okay.
 

Otig

Member
62 3
UP 11%. First time traded Limited orders, now understand how much I was losing trading with market orders. I used one market order with BYND when sold my contract and could see how much market makers has taken from me... I would make even more with that trade if used limited order, IV was huge for BYND today, if I'm not mistaken around 60%+ which impact option's contract price a lot, so even small move can make decent return, in my case I was able to catch a good move. Also, had only 3 trades, no rush, no greed, I've seen the market is choppy and difficult to trade, so I didn't over traded today, definitely a good day for me regarding new knowledge and experience.

Trades:

AAPL
AAPL 1.17.20.jpg
BYND
BYND 1.17.20.jpg
AMD
AMD 1.17.20jpg.jpg

I knew AMD wants to break that level, so my trade was okay, I've cut my loss fast. The only thing is, I've seen HUGE amount of orders in Level 2 over there, so I needed to sell little bit earlier because there was no way AMD could break that level at that moment. But since I just started o learn Level 2, it was first time I've seen such huge numbers so didn't even know what to do. About the big move later, I would probably take it because it was an easy setup, I just was working already at my job so didn't see the market. Unfortunately I see such moves a lot during my work time, so I need to train myself faster to make enough money first two hours so I can leave my job and I will be able to wait such moves, they happen pretty often with different stocks.
 

Otig

Member
62 3
Will continue post my trades, I've been posting my losing trades on another community that is why stopped posting here, but I don't have that much losing trades lately plus I feel like I need more analyze all of my trades, because I'm not satisfied by my green days, I still don't trade, I smartly gamble. The main reason I would say is, I have decent entries but I have no idea where to exit, trying to learn the Tape but don't spend enough time with it.

Up 3.5%

ToS = $1137
Tasty = $1116

NVDA
NVDA 3.2.20.jpg
AAPL
APPL 3.2.20.jpg
SPY
SPY 3.2.20.jpg
 

Otig

Member
62 3
Crazy day with several stupid trades, started a day with 3 losses but was able to return everything.

Up 10.5%

ToS = $1110
Tasty = $1369

SPY

SPY 3.3.20.jpg
SPY(2) 3.3.20.jpg
AAPL
AAPL 3.3.20.jpg
NFLX
NFLX 3.3.20.jpg
 
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Otig

Member
62 3
Had several stupid trades and again started my day with a big loss so needed to return my money, statistically I lose more money at the beginning of the day where the market is crazy and I'm not patient, I only start making money later.

Up 2%

ToS = $1101
Tasty = $1415

AAPL
AAPL 3.4.20.jpg
SPY
SPY 3.4.20.jpg
BYND
BYND 3.4.20.jpg
AMD
AMD 3.4.20.jpg
 
 
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