Monday 04/13/2020
I had a well-being score of 7.5/10 this morning.
I took 1 live trade with DAL.
My watchlist: MU, MGM, DAL, TSLA, CCL, and BA.
Well I took a 5 day vacation. I didn’t feel myself lately. My discipline was really waning. I usually don’t take enough time off from trading, but at least my family’s vacation will force me to stop trading a couple times a year. Due to the pendemic the vacation was cancelled of course. So I went awhile without a break. Plus, the additional stress that of course will be added at this time, I needed a break. I was actually prepared to trade last Wednesday, but I didn’t feel myself. I didn’t even have a plan at the open. I always have a plan. I knew something was up and shortly after the open I turn off my platform and walked away for 5 days.
DAL had an interesting PM. The last five 1min candles before the open all touched the 24.95 price without breaking it. SPY was also dropping as we went into the open. The plan was to go short if the price broke the 24.95 and 200MA-1min. DAL opened with strong volume. And quickly dropped below the two levels. I shorted with PDC as my target and the 24.95 as my stop. The price dropped and I took two quick partials. Then I set my autostop at B/E and was quickly stopped out. Another minute later it looked like DAL was setting up even more for a short and SPY was really dropping. So I shorted again. I know I take terrible partials, but today was ridiculous. I will chalk this up for being my first day back. But I caught a 10R move, so I usually get about half in profit. Today I got 1.4R profit from a 10R move.
What did I do good today? Good use levels and watching SPY
What I am grateful from today? Taking a short. I have been taking so many longs lately I am getting a bias.