I was looking at $SNOW this morning along with $SPX and $IWM. I seen a nice setup on $RUT and I entered cleanly at the bottom and put a limit order in for a violent GOD candle. Boy did GOD come through
Classic bull trap I got caught in
Could have sold for a small win but over confidence without confirmation is the costly mistake. The important part is the journaling and overstanding the mistake โ๏ธ๐๐
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https://t.co/Qbm3aSlD8K
Feeling good about entries and exits now. Being closer to the money and riding the trend is so much smoother and profitable. Self taught with repeat hypothesis until the system is proven
Trading these options charts and setups so much. Iโm starting to identify healthy charts vs Fake outs. 1st pic is a clear HH forming before gapping up. 2nd is clear LL and descending all day. I use to buy 2nd chart thinking it would reverse.
@thetechlao Another epiphany I had was that Call bias; itโs something about how the brain that associates calls as positive and puts as negative to the naked mind.
It all comes down to the chart but itโs undeniable that calls majority of the time grind slower up than puts violently flush
@thetechlao I just want to say thanks for posting
Today I made 80% in under 5 minutes
Seem simple but when spy rejected premarket high I put in a limit order for a put per my simulator price: got filled and rode it down for 3 candles and sold. Thanks again because your verbiage is strong