August 18th, 2022

    Lol another one for the books here. (All 1 minute charts other than the 5 minute chart posted at the bottom of the page. 

Mistake: FOLLOW YOUR FUCKING PLAN. SET YOUR TARGET AND YOU STOP AND DONT SELL UNTIL THEY HIT. Today was the fucking day where you couldve actually made a lot of money if you just held this shit the same way that I did with all the other trades you did this week. This one would've actually worked. Look at how perfect the entries are. 1st entry is beautiful cuz its the first trend break higher low which is fucking just gold but I got shaken out on the trendline retest after being up on the trade. Second entry another perfect entry even though I basically entered cuz I just panic sold the last position. I let it sit and ride the whole way up to previous day close where I dont sell then panic sell again once the trend is broken which looking back at it is a fucking PERFECT short trap. On the third trade I had yet again another good entry when I realized I got shaken out again. Buy on the trendline and then see SPY break previous day close to confirm a red to green move which I was super excited about because I already had 2 trades that were losses. I was down 7$ on each of those 2 trades then on this trade I was up 45$ at the peak profit which is over a 6R for the day on those long plays. Risk 7 to make 45 per contract. Well I watch it come right back down and retest the trendline yet again and I panic sell because it is breaking right down through the trend. At this point I was up only 11$ on that trade where I was previous up 45$. 

Solution: Set stops and leave computer. Need to find my entries and just let them work with me involved. Shakeouts are perfectly normal especially when I am trading the SPY.

Mistake: This is the funny part of the day. Right when I panic sell my last call option for a miniscule profit I end up shorting because it looked like it would break down through the trend on the 5 minute chart that I posted below. Well. I was wrong and took 1 losses almost immediately and was down about 35$ after being up about 25$ when I was at peak profit on that last call option. These trades were obviously revenge looking back at it. Even if this was gonna break down that was a shitty entry and really made no sense. I think I need to either be long biased or short biased never just switch between the 2. I took one scalp short at the end of the day when we had that weak break of the highs and I sold it so fast just to lock in some profit. I left to go make dinner after just taking a tiny 13$ profit to help the bleeding and then I see it flew down a full point from where I entered and I wouldve made 45 dollars on that trade and wouldve been green on the day hahhahahahaa. Trading is really just fucking hilarious and impossible sometimes. 

Solution: I need to again just stick to my plan and stop doing multiple things at once. Also need to not revenge trade just because I was wrong, I couldve just bought yet another call here and made back all of my previous lost potential gains if I wouldve just trusted myself. I think sometimes I feel so angry at the market that I am like well fuck it ill just do the opposite just because it feels like it will work since trading is so hard hahhha. 

Takeaways: I mean the whole idea for the day was that there would probably be a melt up because I know we just tested the micro frontside trendline on the hourly chart and I knew we wouldnt just break down clean and we will probably have a large distribution. For that reason it would melt up probably a few times before friday which is also triple witching day and tons of retail is still buying puts right now which means that smart money will likely push highs before selling off again. Its usually impossible to go short on these trendlines early and I just had that feeling that its not ready to selloff yet. I took those awesome entry call trades just like yesterday and today there was actual continuation but somehow I hold through the highs and panic sell the lows even though I am still in the green. Then I proceed to short which makes no sense and contradicted my entire plan on the day. Ah fuck I just dont really know what to do anymore. I guess just keep showing up, follow plan, never deviate unless bull + bear case scenarios are completely missed and some really weird price action happens.