August 17th, 2022 

    

    Today I took 4 total trades and to be honest they were absolutely beautiful in every single way except for the fact that the stock just didnt want to go in my direction. In each of these trades I was EXTREMELY patient and waited for very high R entries. My first trade was not taken until 10:30 When I noticed the bottom was not breaking clean anymore and it was being held up. I bought right at the foot of the previous body candle once it broke past above and rejected the lows. Within 10 minutes I was up a full point on the trade and that is usually a good confirmation that buyers are likely to come back in and push to vwap. I declared VWAP my target and was risking new LOD. Well as you can guess from my P/L which one do you fucking think hit first? hahhaha it was low of day. First trade was a full point in profit turned into a small loser. ooof. As if that was not annoying enough I decided soon after that there would probably be another rejection of low and that VWAP was a likely area that would be hit today considering the fact that it is EXTREMELY rare for NVDA to fall like this and to not even touch VWAP one time throughout the entire day so it was really just a safe and simple trade. I get back in and yet again I am immediately right and NVDA spikes up very strong right back towards VWAP and I am in a perfect position to hold for the break. Since the previous candle failed and tested low of day and rejected again I was even more sure this time that VWAP would be tested. AAAANNNNNND yep it gets about 50 cents from VWAP and fails right back to lows again. On that trade I recouped my losses from the first trade and was up a nice 1.25 points in profit. I sold as it broke right back down through the 9ema. So far I have 2 trades, each perfect entries and perfect areas for at the bare minimum a vwap test but they both go from a small base hit winner to a loser. Mind you that they also moved very quickly in my favor which usually means they will be much more than a base hit so when they came back down on me for a loss it was extremely tilting. I honestly have no idea how I didnt punch a fucking hole through my computer after that happening 2 fucking time but just wait. Being the silly little goose that I am I decided that I am not giving up on this. (oh yeah i had one scratch trade inbetween those 2 losses). So I take another low that cannot break and looks pretty much perfect for a short if you flipped the chart upside down. I bought the low down to the 0.05 cents. AGAIN within 10 minutes I am up a full point on this trade. The third time of the day that I am in this scenario. I am so tempted to just take profits and swallow my red day even though all of my trades were perfect besides the fact that my target was never hit but instead my stop was. Instead of being a bitch and taking profits I say "NO fuck this I am holding for VWAP. I didnt sit here all fucking day to not get the move to VWAP. Well I hold. and I hold. and I hold. and I hold. and within that 1 HOUR and 40 MINUTE trade the theta ate up about FIFTEEN DOLLARS of my profit hahhaahhahahahhahha. So now I basically need a move to vwap or even this trade, being up over 1.50/share will STILL BE A LOSS. Is that fucking unbelieveable or is that fucking unbelieveable. i mean this is such a fucking joke its impossible for me to not just sit back and laugh at how fucking stupid options trading is hahhaha. So I hold for almost 2 hours sacrificing 15 dollars in profit to hold for the vwap push and it taps vwap and immediately comes back down to the 9ema. I dont sell because I know that the trend has change to the upside and it would make zero sense to sell this position without it breaking the new uptrend. Well guess what? Mr. Jerome cunt fucking Powell is talking at 2:00. Guess what time it is? Yeah so I think to myself "NEVER hold into an FOMC meeting" because for obvious reasons that would be extremely reckless even if we are in an uptrend and there really isnt much JP can say to move the market lower at this point because every awful thing that dumbshit can conceive is already priced fully into the market, until we get an uptick in inflation again but thats another story. So I sell my position at the bottom of the trendline pretty much 100% positive that the second 2:00 hits I will cry and watch NVDA spike through vwap and make my day very heavily green. I swallow my fucking pride and fucking sell then go exercise so I dont have to watch myself miss out on something I waited from 9:30 to catch. Well guess what? yea it spikes straight through VWAP and goes up about 80 dollars above where I sold my previous position, which wouldve made that trade almost a 20R. I sit back and just laugh yet again cuz this is trading. This entire fucking paragraph is the epitome of day trading. You have to take perfect entries with high R. You have to set a target and a stop and you CANNOT sell until one is hit NO MATTER THE PRICE ACTION. I did exactly those 2 things although today is an FOMC day which basically means "if you hold into FOMC you are a dumb cunt gambler" and I am no gambler (although i am a dumb cunt) BUT jesus fucking christ I did everything exactly how a daytrader should do it and I still lost money. That is how the fucking cookie crumbles my friends

Mistakes: None. I had beautiful entries where I was immediately green after entering on every single trade. I respected my risk on every trade. Did not sell until my target was hit or my stop was hit no matter the circumstance. Only thing that is really never a mistake but selling before FOMC just to make sure I wasnt stuck in some huge downswing that I couldnt control hurt because it went in my favor right after but no matter how many times that happens Ill never see that as a mistake. I dont care if I miss out on a fucking trillion dollars that is never a mistake. 

Solutions: Stick to your gut. You did everything perfect today and they simply just didnt work out and that is okay. This is probability, get used to it.