TSLA if I get my 320 target next week I’ll be pissed jumped the gun to quick entry was 290 so would need to survive a 10 dollar drop to get back ITM rip me
TSLA I have to say, I need to listen to myself and trust my gut. I told myself yesterday that I wouldn’t play the market because I had an uneasy feeling something wasn’t going to go right. I was right…I thought TSLA was going to keep going down but I also had a gut feeling that it was going to go up. I decided against better judgment and bought a lot of puts today resulting in losing a lot of money. ALWAYS trust your gut people. I’ll try and make my money back as TSLA goes back up. Kicking myself in the ass today!!!
If we see hourly chart, we are currently on top of the Bollinger band , RSI is not in oversold range, slight divergence too and lastly we are touching the Call Wall. Can we expect it to come back and retest the 275 which is lower BB.
SPYSPXNVDATSLAAAPL Hi traders! Let me recap February and see how this month went in trading. The first trading session in February was on 02/03/2024, and the last trading session was today, 02/28/2024.
During the first week (02/03 - 02/07), three trading sessions were in profit, and I only faced a minor loss in one session, on 02/05. The reason for this loss was theta decay, so I should point out that I need to work on minimizing losses due to theta decay.
During the next week (02/10 - 02/14), three trading sessions were in profit, and only two trading sessions were in loss. The reason for those losses was still theta decay and wrong entry.
In the coming week (02/18 - 02/21), I faced a huge loss on 02/21, and the rest of the days were profitable. The major reason for that huge loss was gambler’s mindset (Monte Carlo Fallacy), where I kept averaging my positions. Therefore, I should work on improving this area as well.
This week (02/24 - 02/28), I was profitable every day and did a great job. However, today was the day when the analysis was correct, but I failed to execute at the right time.
Strength: 1.) High accuracy 2.) Right trend analysis 3.) Accurate MMs move prediction 4.) Consistent profitability.
Weekness: 1.) Theta Decay 2.) Gambler mindset sometimes 3.) Over-confidence 4.) Wrong timing while executing the trade.
Thanks for reading this, and I will appreciate everyone's comments and suggestions so that I can work on improving my weekness area's and I can continue sharing my trading knowledge with you all. Please drop your comment, and happy March!
TSLA wow what a push into close. Was targeting 290 close today. Scalpers paradise today. Made money both ways and averaged down on my 285c exp next week. What a day 💰💰