9:35pm Buy 83.80.
9:45pm Sell 83.84
Earn 0.04
Options
Buy 83.80, 85c 4.00
Sell 83.84, 85c 4.00.
Earn = 0.00
Failed set up. Cut lost quickly. Not sure am I able to do this if it is a real trade. When emotion come in, the decision making might lag several minute, which will killed in day trading.
And this is what happen if you do not execute exit plan.
Your heart will be torture by the fear, because at that time, the 85c options already 3.50, which make u lost 0.50. You might choose to hold, but this already violate your initial assumption, at first, you just wanna day trade, now you have no choice but to hold it.If it rebound, then you a lucky guy, but how if it didn't? Your total portfolio will be hurt by a single trade, which is a very dangerous move. Let's see what happen at the last for today.
1 comment:
if u are afraid that u can't act so fast
then try using a longer time frame.
15min?? 30min? Or maybe 1 hour time frame
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