Trading as an art form

Wednesday update. The past few weeks have been slow and difficult as I couldn't find any good winners, and I was fighting the vaxx stocks with this absurd move. Feels like Hwang/VIAC all over again. When they couldn't break down on Friday, I hoped that they could stay up through Wed (today) to get into the put trade again, but I was forced to get in on Monday with the huge run-up. I didn't love the setup, but knew I had to be in (MRNA $430 puts). Yesterday the trade was up a little and I held it all through this morning. My target was $400-410 and I broke my rules a bit by exiting avg around 420+. I did this because it moved too far, too fast on the open and I fully expected a whipsaw bounce which obviously didn't happen.

Profited around +$90k. Left a lot on the table. These always seem to go farther than they should each direction...always learning and improving.

Favorite new trade as of today is RH long breakout on the daily. I'll play the long side of that every day as long as it holds up, through next Friday is the goal.
 
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Craig66 said:
Still, it's a good day. How were the other days in the difficult period?
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I had about a $110k drawdown during the last week of July, then took a vacation...and now I'm back to account highs. One step back, one step forward in this case. The vaxx's were an extremely difficult setup so I'm happy to wipe out the losses and move on. They should still be good trading vehicles for the coming days.
 
Craig66 said:
Wow, those numbers are huge to me. Would you consider that a big drawdown? Do you track your Sharpe Ratio?
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Yes, that was a decent drawdown. If you are a profitable trader you should always be pushing yourself, which means technically you should also have bigger and bigger drawdowns over time. Gotta risk $$ to make $$$.
 
Had some fun with the memes today. I was late to the party because I was researching a new trading strat and not paying attention. Cost me some gains, but still a decent day. The white positions are overnights just in case these go nuts.

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Dustin said:
Yes, that was a decent drawdown. If you are a profitable trader you should always be pushing yourself, which means technically you should also have bigger and bigger drawdowns over time. Gotta risk $$ to make $$$.
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What percentage would you say you average a month?
 
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