Green Does Not Mean Go

Today was my first day in my official trading journey. The plan today was to use a strategy for options swing trading SPY. I was buying a put contract at a moderate price below the current market price after my indicators all checked out. Fortunately, my funds were settled for every aspect of my Webull account except options. Therefore my order never went in, thankfully. The market did exactly the opposite of what I Intended. Currently, at 11:39 AM the market is up .5% and peaked at 1.2% from market open which would have destroyed my contract.

At the time I got emotional and wanted to make a trade to put a number on the board. Following my post about Tesla news recently I intend to short Tesla. Instead for some reason, I managed to buy three stocks. Confused and triggered I rushed to sell. Netting a total gain of $0.95. Tesla stock is now up 2% from the market open, meaning I got bailed twice.

The one hour of pure chaos really showed me how ill-prepared I am for trading. I failed as a trader from post to post. I failed to manage my accounts, failed to remain composed, and failed in my analysis of the two stocks.

With that being said WE UP. Officially $0.95 in the green. Let’s continue this streak and learn from what happened today.

Overall: -23/100

P/L Day: $0.95

P/L: All Time: $0.95