I feel you man. Having a trading plan, and especially respecting your stop loss once your thesis is invalidated is hard. I entered baba puts on Wednesday morning and that was just a horrible trade.

Can’t make this shit up, our timing is indeed impeccable. But honestly the volume has been crap on this pump so there’s not much conviction as you would think. So it’s a tricky area to trade, where we could continue to grind slowly up before another black swan event bring us down

Where you up at any point in this position? I was glad i exited my qqq puts on Tuesday at 20% loss. But then decided to bet against baba on Wednesday with 96puts only to get clapped by the bulls once again. In hindsight I should have followed my own plan and get calls, idk why I inverse myself

Ha! Market rallied today did you hold?

With 0 DTE your timing has to be be impeccable and more risk if you’re wrong as they can become worthless pretty quickly if it moves against you. Trading 0DTE requires high movement and momentum to really capitalize on in my opinion. If spy is barely moving $2-$3 then I stay away, but if there’s volume and volatility like last Thursday, then they can be worth playing.

I exited all calls at the top today, no open positions, it could continue but based on the pattern it will probably consolidate now if there’s another push coming.

I scalp a few but closed all positions now

https://preview.redd.it/iolpbpeoxafa1.png?width=750&format=png&auto=webp&v=enabled&s=9109ac1cddd5b6ba57a4c15b97474fdb5dfb55f3

I wrote this yesterday. All out at the high of the day no overnight positions.

https://preview.redd.it/jgeu5pqlxafa1.png?width=750&format=png&auto=webp&v=enabled&s=e90503e8f9b9976fa2cd19d8a5fa1077a5b4b11c

This is what I wrote on Sunday night.

https://preview.redd.it/di4vyq6hxafa1.png?width=750&format=png&auto=webp&v=enabled&s=c0317ee00c9627d8112e0824a68df17970868193

This is what I posted yesterday in here not sure why it was removed I can still see it on my profile though.

Excellent!!

That’s too much I’m more of a technical and price action trader, I rarely look at the fundamentals when trading. I called out on Sunday the technical outbreak today.

Oh wow this sub really doesn’t want people to make money

No idea will need to see how market closes

I sold at peak today 😊

Check my post history i wrote about it yesterday

$CVNA play that I wrote about yesterday for the breakout from $8. My thesis worked beautifully! Hope people followed the play!

Market is irrational shocker

Smart man

In the bro we trust

Not a conspiracy at all. There is such a thing as strong hands selling to the weak, or as it should be called is professionals setting up retail to hold or be stuck with the bag. If we take a money flow indicator, we can see whether money is flowing into or out of a particular issue. Also, it is important to understand that retail traders usually only make up about 10% of trade and got up to about 25% at the height of the Covid driven volatility spike according to Citadel Securities.

This means in order to move the meter on a money flow indicator institutional trade has to be involved. As you can see since the low in October, institutional trade has not been involved. This is the strong selling to the weak setting up john q public to take the loss. I am almost sure a fall is coming. I can’t say 100% but, in my beliefs, nothing is 100% in trading except the fact that be fearful when everyone else is getting greedy.

Dotcom crash vibes

Make that money player but remember to take profits along the way