October 17th, 2022 

1yr:1d

1d:2m $SPY Trend Continuation Trade

-Higher highs and higher lows create a trend continuation trade. Went long expecting the breakout of the previous high which happened but I didnt sell fast enough and ended up losing the maximum on this trade ($20)

- I should have sold at the break of the high and I should have moved my stop up when I was in the money.

-Besides these 2 things this trade was not too awful. 

 

1d:2m Technical Analysis

 

What was the Easy Money:

-Opening drive breakout trade. This is still not easy but in terms of the ugly price action today there is really no other option but this. 

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-Again this is still a very difficult trade to take but this is the Trend "reversal" break zone. Not really sure how I couldve taken this trade and not got shaken around. 

 

Takeaways:

When the market is up 1.5% or more it will probably be a very hard day to trade. In these scenarios the best thing to do is nothing at all. Keep your fucking money.