Green day. Reset. Refocus.
I started the day not really sure which name I wanted to focus on after the CRAZY melt up day yesterday, but I gave it some time and saw $NIO and $IDEX and chose to put my focus there.
I’m not happy with the trade management on IDEX as I left a TON of the table there…i mean a TON. Very disappointing on that trade, but you can’t cry over spilled milk. I can just go back, look at what I missed and work towards fixing it.
IDEX
a little bit too early here (super tiny size), but still given my notes from yesterday (that I wrote today..lol) I should have been patient. It’s even crazier to see where this ended up on the day…if only I could trade all day man….sheesh.
Oh well. Patience is key. I don’t have to grab the first move and here there was a good opportunity on the 4.30 pop to get involved, which a good set risk level. This is something that I HAVE to improve on. I’ve gotten to a point where I’m not oversized in these situations, now it’s time to make sure that if it’s not a prime setup that I’m not even involved in these situations.
NIO
Man, what a trade here. I caught a very nice near 4 pt move and the key was the tape. What I wish I would’ve done was added size better based on what I was seeing. I had my risk level, so I should’ve been risking off of that. Scaling in is still something that I’m working on, so I think that over time this will improve, but knowing what I made with what I have I can only think what it (terrible idea, but yeah…..lol). Overall happy with this one and very happy with my covers. I saw the change in the tape and got out and chop/games ensued afterwards, which I didn’t have to be a part of. That’s the way that I like it. I want my setups to be effect and low stress.