Traded off of $SPY futures 5min chart. Traded within a range for 1st hr after open then came down from h.o.d., formed a big red candle & closed below the range making a new l.o.d. I was looking for a pull back & retest. That happened so entered thinking it would continue down. I waited for it to play out, but after 10min with little sign that it would go in my direction, I exited. It continued up. Poor play. Didn't follow rules; played down at l.o.d. Give trade 10min to work, if doesn't, get out
Newsletters:TimChallenge
Broker:Schwab
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Date | Price | |
---|---|---|
Entry | 3/28/2023 | 0.50 |
Exit | 3/28/2023 | 0.44 |
- Total Views7
- Position Size1
- Percentage-12%
- Option TypePUT
- Strike393.0
- Expiration3/28/2023
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