What a shit day. I had 3 fills not executed on options cuz they suck to trade and I took a chase short on futures and took small loss then waited for a top to short and I went to take a shit and missed the opportunity. Such an awful day only because this is one of those days where you can make money 10 times easier than you normally do. It was a huge trending day and its noon right now and we are down 2.5% so far and will likely end the day down around 3% or more. This means that you could pretty much close your eyes and push short, cover 30 minutes later and you have a home run trade. Not sure how many times these days have to happen for me to fucking capitalize on them. its depressing
1yr:1d
-on the daily we are sitting right at the top of the ascending channel within a backside move. PERFECT opportunity to take shorts
90d:4h
-We are clearly topping out here on the 4 hour chart. We have a massive fakeout top then continue selling off once 50bps hike introducted and now below a range that we were sitting at for AN ENTIRE MONTH.
30d:30m
-Such a nice fakoue top then failed mid range and lower high lower low massive selloff. cant believe I completely missed this trade when I waited months for it. Its hilarious because everytime we get these opportunities I end up being the fool who does some stupid ass shit like going long HAHAHHA. How fucking stupid could you possibly be to go long here? Clearly dumber than i ever though imaginable because I am the dipshit who did that in my swing account but this post is about daytrading so lets talk about how I fucked that up disgustingly bad as well.
5d:5m (Ignore arrow)
-So on the left here we have CPI day then middle we have Rate Hike/JP talking shit. We retail investors thought that 50bps hike was bullish information which is hilariously stupid looking back on it. No hike whatsoever and no bull scenario in this market WILL EVER EXIST UNTIL WE HAVE MANY MANY THINGS CHANGE. We did not even have a recession yet. No earnings collapse, no fed easing, no pivot, inflation still 7%, etc..... How many times do I have to tell myself this before I understand that it will continue to be true until im either broke or kill myself from missing the opportunity every single god damn fucking time.
-Today we have a hugeeeee trending day where you could just short at open and hold all day for a massssive gain. I tried to get filled on an options contract 3 times and of course there was no fill since the demand for puts was so high today. Missed all those opportunities and then found myself at lows on the day and trying to short and I shorted and got spiked out and lost 3 points just to watch it drop 10 points only a few seconds later. I really dont like missing days like this as you can probably tell.
How do I not miss this opportunity next time?
Honestly I have no answer to this question because next time it wont play out the same way it did this time.
I have 1 idea though as to how I can avoid missing days and opportunities like this.
Check it out below....
-HEY DIPSHIT!!!!!!!!!!!!!
-WHEN WE HIT THIS FUCKING DOWNTREND.............. SHORT THE FUCKING STOCK