What/when I traded: 3 SPY 563P contracts @ 10:01:02 (or 09:01:02 cst)
Thought process and reason for entering trade:
5631 area marked today which was close to the 5632 marked I had yesterday for my full exit on another trade. Buyers were slowing today. Also worth noting, this was the second reject of 5631.
Exit plan:
Cut if SPX 5 minute candle closes above the 5636 ATR as a safety net. If not, hold/trim for a 10pt move and 5609 ATR or 5612 LOD.
Where I sold:
After entering, I switched back to the 5 minute SPX candle and I ended up selling 2 contracts @ SPY VWAP (around an 8pt move). After selling two contracts I looked for the 5609 ATR or 5612 LOD as my next target. However, on my last contract I had to move my stop deeper in profits, so I got stopped out at a 5627 intraday area right before we continued down. Got me good on that last contract lol. Total gain for the day $84.
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