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So worst case scenario, made the big move I needed overnight.
Problem with TDA is fees are ridiculous so can only hedge my stock positions and can't actively trade them overnight because mostly likely get chewed up with fees. Blowing right through the line is not common.
Need to get a futures account going. Simmed Tradovate, so probably do that. Clearly should have done that already, was in the back of my head, and paid the price today.
Doesn't show, but still down around $590 from yesterday. Disappointing as I generally do good on FOMC days. Was down around 250, but news bit me. Generally ride out the news pretty good, but it was pretty nutty one. Have to reflect on that. Generally have a mental block when I start pushing over 50 shares. Just have to keep doing it.
Can't get excited about trading a line after huge move like that. We are at the next price level, could blow through it, but some consolidation likely here.
Thinking will flatten, see if it consolidates, then pick another line next couple days and work it for another move. Work the chop in the mean time.
That was nuts. Sense of scale got pretty sideways, but managed it ok and stuck with 60 shares, so pretty good day.
Winding it down. Got most of yesterday back, floats up from here might get there, but probably not. Hanging under yesterdays high. Want to shut down before start doing stupid stuff.
Around +$450 after fees. Usually have to trade a line and get it to float away bigger picture to make that kind of money. Today was a gift for sure after such a bad day.
Go to office on Fridays, so will get back to it Monday.
Kinda ripped that chop a new one. Like yesterday, only opposite.
Also feeling like the high is a bad place to put a stop.
And then do I want to try to carry this down. Thinking will see if this trendline holds, then might sell 22 shares before the close and then put on contract at the top, see if we can get a down day tomorrow. Just not feeling that is the top right now though.
I typically trade always in and stop and reverse when I think direction has changed. Then scalp the noise along with it. I went to this because I was persistently hesitating and not entering or entering way late and losing. At some point, I found that if I entered at the open and started working it, then I did far better.
That said, persistent problem during live trading is flipping in tight ranges. The math is horrible if you flip and then flip again in the same direction at a worse price. Doing it a few times in a row is crushing.
I think I'm over the hump of hesitating to enter, so while still working things out, want to explore all options and have decided to try only going only one way. Currently trending down, so deciding to go only long and see how that goes. Yes, you read that correctly.
New setup toward that end. Removed reverse and sell buttons from active trader and trade tabs, so have to close units by dragging target across price, or flattening all. So to short, I would have to set something up, figure not likely to do impulsively. Will start with a few shares to avoid any oh crap moments because I didn't consider something obvious.
