November 2nd, 2022 (-$15)


November 2nd, 2022

    -Im such a fucking dumbass lol

1yr:1d

1d:2m

FOMC day

1st Trade: SPY$662.29-0.57%  Trend Continuation Short

    -Really only took this trade so I could have a cushion for a trade later in the day. It worked well and I had a good entry so its fine but in general I think taking trades so you can trade bigger size later is prettty fucking stupid lol.

 

2nd Trade: Trend Reversal FOMC

    -Ahhh stop was so fucking tight on this one. Needed to give it more room. Took a loss that wiped out my little cushion which sucks because it kinda made me be too tight on the next trade as well. 

 

3rd Trade: Trend Reversal FOMC

    -We broke the uptrend and pulled back so I took the entry for a short but we broke the high so to make sure we didnt just spike a lot high I sold right at the top in a market order. I shit you not....this thing flies down SIX FUCKING POINTS the moment after I sell. Im not saying "a few seconds later" I mean legitimate milliseconds after I sell. I took a $17 loss on this trade when If I had held for 1 more second I wouldve made over $60 which wouldve put my webull account over 5200. Oh well.

 

Takeaways: Why the fuck are you gambling in the webull account? Fucking idiot. Thats what TOS is for LOL

 

Easy Money: 

Idk just fuck off 

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FAQ

The author made three trades: a trend continuation short on SPY, followed by two trend reversal trades during the FOMC announcement.

The author experienced a loss on the second and third trades, with a notable $17 loss on the third trade that could have been a profit if held for just a moment longer.

The author learned the importance of not gambling with their trading account and the need for better risk management, particularly regarding stop losses.

The author felt frustrated due to the tight stop losses that led to losses, as well as the missed opportunity for profit that occurred just after selling.

The author expresses a mix of self-criticism and frustration, recognizing their mistakes while also acknowledging the emotional challenges of trading.


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