May 12 Recap

Huge test of a day. Grindy AF all afternoon. Plan worked and we finally got the move in AH...

Clear resistance, clear support

In hindsight even the 3m21e flip wasn't enough justification for puts given how strong the 10m trend was and the fact it was in agreement with all higher timeframes. There was no reason to ever consider puts. The harder part was waiting until after trap moves down to get in. And getting in low enough and with small enough size that I could hold through the wiggles. A major part of going to 1dte instead of 0dte is to be able to withstand the small shifts up and down.

I had a clear plan, clear resistance at the 500 level and clear support at the 236, and clear trend to the upside. Yet rather than waiting for resistance or support to get tested and then react, I got impatient and let myself get chopped up.

As a trader, it's my imperative to trade. However, maybe the best way to be successful, is to think in terms of what not to do. I create these plans and often get sucked into taking trades early. After constructing my plan yesterday, I think if I told myself I'm not going to do anything until resistance/500 or support/382 is tested, that'd have kept me out of the chop. Versus my mentality was primarily focused with 'finding' a trade and then worrying I'd miss it.

Tomorrow I will create a plan and focus on what I will NOT do.

I managed a tiny green day, which I'll certainly take, but I'm not thrilled with how I got there...