Day 11: Daily P/L - $58.12, overall + $183.91. Tod...
# active-trading
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Day 11: Daily P/L - $58.12, overall + $183.91. Today was options expiration day and it did not click in my head until after the opening bell. At the very instant the market opened 4/5 of my trades went entirely the opposite direction to my stops and closed them for a loss then immediately within seconds reversed and played out as expected. I remembered seeing this same type of movement from the insiders last month and heard it during some news analysis and decided to go ahead and stop for the day because of that, as well as mark it on my calendar since it happens the third Friday of every month. No sense trying to revenge trade my way out of a hole and get shaken out by the market movers again throughout the day. I am realizing i need to increase my spend to actually have a chance of hitting my targets while reducing my risk and amount of trades to only the highest quality setups, and if not then just staying out of the shark infested waters. Job hunting in tech has been as bad as i have seen so far but hoping something breaks there soon.