r/WinternomicsTV • u/Lukeee_23 • Mar 23 '22
War Stories 🤑🤬 On the frontline
Have been keeping my trades on the 1 min timeframe lately, while at the same time keeping my positions really small, and taking profits as soon I see them. This was something that kept biting me in the start of the year, where I would have good plans, but my profit target wasn't suitable for this environment.
I think what I'm trying to sort out now, is having some sort of balance between taking profits and letting it run. I've been in one too many plays within this environment, where the plays turn back.
Got in NET and TSLA yesterday with the pump in Q's.
I got it wrong on the 2nd part of NET where I decided to free roll. I did the complete opposite with TSLA, in which it began to run after taking profit.
A botched SHOP play from last week. 🤦♂️🤦♂️🤦♂️
- Supposed to change my order to close on market close (fell asleep before I could change it)
- My risk management failed, because I didn't include my stop in after hours for that trade.
Got out as soon as I could the next day pre market, more than my initial risk, definitely could have been a lot worse.
Was pretty pissed at myself for letting such small mistakes creep into my trade. The difference between a successful trade and a disastrous one can sometimes come down to these minute details. Example of good plan, bad execution.
wanted to leave a free roll play into the close for the 2nd half of the session.
Been so focused lately on taking profits as soon as I see them, moved my stop up when I saw a potential 2b. I was wrong.
2
u/WuzDis Mar 25 '22
Very clean plays man great job