November 3rd, 2022
-Not a bad day, took another data candle long trend reversal and it worked well for the second time this week. Interesting
1yr:1d
1d:2m
1d:2m $SPY 1st Trade: Trend Reversal Long/Data Volume Support
-I really like this trade. Since we dropped early in the morning after a big red day yesterday and we were setting up for PMI to come out at 10, once I saw the bullish data and we spiked a little higher I jumped in early for the continuation long move. I think that we had clear room to 374 because that is where the previous day close was at. This worked very well but I do think I couldve edged into it more and either taken bigger size or just held my original trade for a much larger move.
1d:2m $SPY 2nd Trade: Trend Reversal Short
-Eh this is just pure fomo and stupidity. I understand that we broke the trend and retested so the execution is fine but the thesis is bad. Going for a reversal right after we just had a reversal to the upside is stupid. I shouldve either waited like I did for the next trade or just waited for the 374 test and fail later on in the session.
1d:2m $SPY 3rd Trade: Trend Reversal Continuation Short
-Ahh this is a nice one even though webull kinda fucked me. I had a really weird delayed entry and delayed exit on this trade. Im not sure what happened but I realized I was in the trade probably 10 seconds after I was already in it. Luckily, I was right so when I was shown that I was in a position I was already up like 8 dollars and then I just tried to exit so I wasnt stuck in some weird shit. If I didnt have that problem I probably wouldve been able to walk away with a lot more money. I was up almost 40 on the day when this weird lag happened and I thought I exited at 40 profit on the day but when I actually exited it was only 33. Cant complain though all of these trades had beautiful execution and very nice patience except the thesis on the second trade was pretty stupid.
Easy Money:
The easiest money was the long trade I took right in the morning. That exact trade was probably the best EV of the day. I couldve probably used bigger size and either held or added more into the position to make it much more worthwhile but I definitely caught that very nicely and I am proud to take the easy money trade of the day. My original thesis on the day was a test of 374 then a big fakeout and fail to downside. That kind of happened but it was so late in the day with tons of fakeouts that it really wasnt easy at all and wouldve required extreme patience and even better execution.
