-Best thigns I did:- 1) Be patient for market context; 2) Knew that buyers weren't showing strength; 3) Respected my plan; 4) Took profits fast; 5) Was patient; 6) WATCHED THE 5 MIN!
-Things I did wrong: 1) Not being patient enough; 2) Also, you were pulling trigger for calls in DEMAND. THAT WAS EMOTIONS SINCE I saw green candles coming up. I thought to myself that "what if I miss the R:R?" So bad. Gotta be patient and see context!
Thesis:- Buyers weren't showing in demand. The market was balanced and any upward push was being sold off from sellers IN DEMAND which indicates WEAK buying therefore selling pressure. So, I recognized that and took puts as SOON AS I SAW VVM. However, what I did notice is that YOU GOTTA ENTER ON THE 5 MIN AS SOON AS YOU SEE VVM! On the 1 minute, the drawback is that it's ALOT OF FAKEOUTS. On a 5 min, to avoid potential downsides, ALWAYS ENTER WHEN VVM IS PRESENT AS SOON AS DON'T HESITATE. Also, think about R:R everytime!
SPY CALLS was taken out of the supply zone and into the supply zone. Confirmation was the market context that played into it. I bought into strength and sold into supply. I didn't sell into supply BUT I just scalped for me to be just over breakeven over the day. I mean this is how Carmine would have taken it, so I mean this would be like on of his recap-vids