Anyway, an hour or so later and my put was going ITM.

MalcolmEmily
2021-12-18

Anyway, an hour or so later and my put was going ITM. This was a quick day trade, as I didn't want to swing into an 0DTE, so I was trying to capture a quick 80-100%, and my setup seemed pretty strong.
$NVIDIA Corp(NVDA)$
Unfortunately, I ended up getting spooked when$NVDA hit that lunch time dead cat bounce back to $287 and so I only exited with around 30% in profit, closing out at 4.75.

Turns out that bounce was fake, and shortly thereafter those puts were back in the money and at my 100% PT. All good - nothing wrong with securing profits. Although I do wish I trusted the setup more and held. The 1HR never faltered - which is something I'm trying to work on. Finishing a trade on the same time scale that I started it.

Takeaways;
-Trust the setup.
-Finish on the time scale I started.
-Profit is profit, don't be ashamed with that. Win rate is key!
-My strategy gave me the patience and conviction to adapt to the market and flip to puts which is a huge goal of mine.

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