BCtrades

Mistakes are your greatest opportunities to learn.

this is first time in this entire move up I've had a significant short overnight so at least feels a bit relieving that its all the way up here lol.

godspeed to me but have SPY short off two different timeframe outlooks, one getting entry in AH and the SMH trade still active. Two/three trades are still completely valid if we get another gap up so have to just follow plan/trust in system.

keep it simple. SPY thesis is total swing. Play ES trade on long side if we get there on own merit/Timeframe while continuing to swing short thesis bigger picture. SMH shorter timeframe trade so if NQ gets to its zone take NQ long and work out of SMH short. Still early. Expecting markets move back up if they want and this entire thesis to turn into few day trade. Stay objective.

ES opening right at major 2 week fresh supply. Puts with a few weeks expiry off open and spots to work into further in coming days if we continue up. SMH opening in supply. Semi's have thesis for shorts off open. TSLA opening right at major supply. Gist = don't get long at open

I made a huge insight on properly identifying highest probable zones yesterday, but it was only made through a real shitty lesson. Moral: everybody wants the shiny object but nobody is willing to look like an absolute idiot on the journey to get it. Don't shy away from mistakes. Its probably the #1 reason most don't achieve the success they envision they can achieve.

NQ simply put, we are wedged between two internal zones, each internal zone coming off of a HTF strong level. There is another structurally valid supply zone higher if we get there. On long side, I see nothing much on med/higher timeframes until much lower. This tells me: Market is very strong right now. Many probably getting blown out of water assuming shorts because of the run up. IF and only if we lose this internal zone, internal lower timeframe structure comes into play to look to find a spot to get short. Trend day potential down if we lose that internal area. If we continue up, that spot above is of big interest for me for another chance at a strong high but to treat objectively. Big over weekend event. Just gotta focus on what action is saying.

but its fckn game theory out here and needing to understand so many others are thinking same thing meaning we need to move higher first.

watchin tape this morning was a masterclass of psychology. Was heavy into meeting and even as it began it almost felt like the start of a major sell the news event, and then that whiplash move back up catching obv a big crowd on wrong end. More and more equities are coming into higher timeframe supply, SMH is getting close to a big one too, factoring in the china meeting over weekend etc. just such unique times to be trading in.

50% off 3DTE in minutes can only imagine what the degens got on 0DTE there. There is so much opportunity out here if you are prepared physically and mentally

and news spike into htf supply saves the day I love this job

and while doing this managed to make some income on a QQQ 0DTE trade opposite side. Old version of me could never do this multi-management different sides and stay composed through it all. Some days you gotta judge yourself by progress not results

Not all trades are the prettiest. Part of the job. This is still work no matter how much you love it. GOOGL came into 4h zone on headline. Took equal sized adds at each white line. (so ex. 3k max risk = $1000 at each spot) each add getting more defensive. Waited for 4h candle to close per plan. Accepted loss. Got nice move off lows. Full defensive posture getting all 3 adds so took the 6% loss at 4h candle close. Don't give a shit what happens next. Can move up big if it wants. But holding with subpar avg. after weakness was shown is recipe for disaster multiplied over course of 100 trades. Only way to guarentee success is to trade per plan each and every time and accept subpar outcomes sometimes.

paid. focus on 1h zone next

same plan. NQ clear spot to re-short and ES has similar zone of spot to watch if we get push off open into. If that invalidates then watch internal structure for long spots to dev but short momentum is building. factor in FOMC tomorrow and anything can happen. NDX clear long spot of interest today as well lower

food for thought with NDX still in supply and NQ/RTY hitting some higher timeframe zones this afternoon. Market still bullish definitely but with VIX finishing filling an open gap tough to feel like longs are free of risk up here without some small retracement at minimum

$AVGO ✅

$AVGO something worth watching. Other semi's/SMH look like they want a little higher but one lesson I've learned lately is keep it simple and treat each setup on its own merit. If we continue up I look to add more and temper expectations the higher we go into zone.

hope these posts are giving at minimum some added perspective to someone out there.

why I add the way I add. in 3 spots. And defensive on higher cost always. nuance off open on 0DTE's so trading is less opportunistic. Washed on high cost and 46% on low cost. net 20%+ in a few minutes ✅