Trading Recap 2/10/16

If you're wondering why I'm posting this recap at 2:30AM instead of sleeping it's because my fucking roommate doesn't know how to tell a bitch to stfu and be quiet when fucking and now I can't go back to sleep.

Anyway, broke even on a trade today I took in the later hours of my trading session (around 11AM). I was talking to my trading buddy and we talked about how a lot of the ideas/thesis we have at the open, while more volatile, usually work to a good degree and that trades later on may be more hit or miss. Obviously the trades at the open are much more risky and (cue it is hard for small account) but on the same token trades with a clear pattern setting up are less risk etc. Just some thoughts. If something is setting up, you should take it if it fits your parameters. It wasn't necessarily in the middle of lull (it was only around 11AM) so there was still a little time left and the market was volatile. I don't regret taking the trade even though I lost on commissions, which in the grand scheme of things isn't a big deal.

White arrow is entry followed by exit.

RLYP: I originally had this on watch in the morning for a fade since the daily looked nice for a continued fade and on top of that it had relative weakness compared to the IBB for the prior day, which gave me added confidence in the trade. It went to the prior day's support (now resistance) in the morning and I saw it then and thought this would be a good short and then it had failed follow through and I don't know why but I didn't enter the trade. It would have been a very nice short. Anyway, later in the day after the oil/Yellen news had been digested by the market and it was heading back lower, I saw a g/r rejection on RLYP and it failing at the resistance. This seemed like a good short opportunity since it went up with the market but now with the market failing and its relative weakness, it might fade back to the LODs or close. I shorted at $16 and did get a small wash but I wanted to be patient with it. Unfortunately, it came back and reclaimed the $15.9 level and I did give it some leeway since I didn't want to repeat LNKD from Monday. It jumped a bit and looked liked it stuffed so I held on but it just kept holding on so I took if off for breakeven which was the right choice.

BTU: I had this on watch due to it gapping up even though the energy sector wasn't doing too hot. I thought the news was fluff and unless it got a trend going, all the chasers thinking it would be the next ENOC (since it had similar news of a ruling in their favor) would sell. It flushed/stuffed right away at the open but then consolidated near the lows which is where I was very interested but I didn't go for it. It was a nice all day fade.

VIAB: I had this on watch for more failed follow through. It just dumped at the open and didn't provide any pops. Ideally, with the failed follow through you just start in partial and add on pops with risk to r/g or $33 over/under. Any short covering to provide an entry would have been nice but oh well.

SCTY: I had this on watch for continued fade. However, I figured it would be on a lot of people's radars and there might be short covering at the open which got me to only wanting to short pops/lower highs. In the below chart I drew a small price line and once it went above that and fell back below and peaked, I was interested in the $19.80 range. Didn't take it due to the Yellen comments about to happen but it worked nicely for a scalp. While I was in the RLYP trade though, I noticed this had a really nice pattern of higher lows/ABCD and if I wasn't in RLYP I probably would have gone long.

Things to work on:
1. Take morning trades?
2. Good job of being able to get out for breakeven and making an objective decision and not an emotional one. Keep it up.

Trading Recap 2/8/16

Another slight loss today although I ended up topticking my stop by not giving it enough space and the trade would have worked nicely. No big deal, something to keep in mind. I realize that this is all for practice and that it is a good way of getting out any bad habits. I hope I am not making bad habits but I don't think that is the case. Idea generation is still solid. Execution needs to be improved upon. But for now, a $20 loss doesn't really matter. I am being more selective and sticking to my thesis requirements for trades I take. So far so good, even with the recent small string of losses. My emotional control is slowly getting better before and after the trade. I don't get emotional if I have a win or loss like I used to. I am much more neutral. I have to work on my emotions within the trade, but those are getting better. Reminders like today are needed though, but the goal is to need them less and less until you barely need them at all.

Oh and last week I didn't post anything because I was sick early in the week and didn't trade and then didn't find anything I liked for Wednesday or Friday. Some ideas would have worked but I wasn't confident in the ideas.

White arrow is entry followed by exit.

LNKD: I was still short biased on this and when Citron came out with his long recommendation, I looked for any failure of trend to get short thinking that a lot of people bought this on his recommendation and that any weakness, especially given the market we are in, would cause people to panic sell. When it started peaking at 111.50s I got short with risk to that over/under. I should have known better and given it more range, given the volatility. I stopped out when it looked to be going past 112 and top ticked it. Stupid. However, it came back down and looked to hold the 111.50 level so if I hadn't stopped out before, I probably would have here since it looked like it dipped, held, and was going to go higher. But it didn't and instead it did what I thought it would do. This is why it's so important to do what lots of the pros say and start in small and then add on confirmation and tighten risk. (Cue it's hard to do on my account, blah blah) I had 20 shares and maybe I could have done 10 and 10 but (cue commission talk) at the end of the day $20 loss is no big deal in absolute terms. I have to remember from now to just let things trade out and even if I take a "hit" of $40/50 that is nothing and only feels like something due to the small account size. The real stop should have been 112.50 over/under. Add after it tried to break out and failed and retested resistance. Also, I don't know how much the market helped push this lower but the next day it went down 9% while the market bounced.

UBNT: I had this on watch due to it having a large gap up then being sold off for the rest of the day. I wanted to see any failed follow through for a short. Instead there was a nice pop and then a stuff which I saw but didn't act on. It came back to HODs and once it peaked again at the prior resistance, it faded the rest of the day for the most part. Mostly putting this here for remembering the setup.

MRO: I had this on watch for a short. With CHK and others going down I thought this would fall as well. It fell at the open and then consolidated near the lows. While everything else was getting slammed, this was holding up. This gave me pause in my short idea because it looked to have relative strength in the sector. However, it tried to break out of its consolidation and got slammed back down. To me, it became a 50/50 trade and wasn't worth it, although my original idea as correct for a bit. It didn't fade that much and it ended up coming back to make new highs before coming all the way back down again.

Things to work on:

1. Improve emotional control within trade - let the trade pan out either way. Worst thing that happens is you lose some money but as long as you stick to your plan then you'll be fine.

Trading Recap 1/29/16

I wasn't able to do a recap of Wednesday due to being busy and I am just now able to do a recap of Friday's action for me. For Wednesday I didn't take any trades although I should have and was stupid not to. I saw FATE right at the open and decided against taking it. I believe some fear set in again but fast forward to Friday and I made a profitable trade. With my account not just going down anymore and instead bouncing a bit shows I am improving and I can feel it. Unfortunately, I was up a decent amount on Friday's trade but it turned into close to breakeven with commissions. But I stuck to my plan so that is all I can ask for I think. I think there is something to learn from this experience when looking for taking profits. I will mention that below.

White arrows are entries followed by exits.

WTW: I had this on watch for failed follow through thinking there would be more sellers after everybody chased the Oprah tweet and the stock fell quite a bit afterwards the next day. I knew there would still be bagholders and any weakness was an opportunity to short (SSR was on though). When it made new lows after a couple of minutes breaking 12.7 I tried to short and got filled. It did get a bit spready and spike up a bit on me but I held on. When it went red and peaked I added in thinking my trade thesis was valid. I got a nice flush and looked at the where the pre-Oprah tweet level was which was around $11.6. Therefore, I thought about holding on for any potential $12 wash and I would take my profits there. It broke the prior day's lows so I figured it could continue lower if I was patient and stuck with my plan. My plan was to hold it as long as $12.4 peaked. After it flushed, it started holding a bit but I stuck with my plan because I thought it could continue lower. I don't think there was any greed involved. However, I was only looking at the 1min chart and now looking at the 2/3min charts it looked like a short term bottom and capitulation with buyers who came in. After it started basing for a bit it just shot up and I wasn't going to let it go red on me so I took it off where I added and only made $ on my initial entry. My thesis is people put their stop below the LOD of the prior day and when that triggered it took everyone out and that was it. No more longs to dump their shares and thus the stock was able to rebound. Going forward I will keep this in mind.

WMB: I had the idea of shorting this if oil was weak. At first I wasn't interested but then I was after it went red on the day and looked to continue lower. However, oil wasn't rally tanking, although that doesn't mean this couldn't have gone lower. It did make a slight push which got it green again. However, when it went red again and couldn't sustain staying green that was an indication that it was ready to go lower.

AMDA: Didn't have this on watch since it was not shortable for me but I want to put it here as a note to keep calm. If I did trade this, I might have shorted it when it went red only to have it squeeze on me and shake everybody out. But that was the top for the day and it faded nicely from there.

WATT: I thought about trading this short after the initial run but ti looked like it was curling back up and while it looked like it was peaking at prior resistance again, it was 50/50 and something I didn't want to both with, similar to ENOC. It ended up working out but I think it's better that I didn't take the trade if I thought it was a 50/50 shot and no edge was there for me.

UVXY: I had this on watch because I was looking for a possible long because the SPY seemed overextended. However, after closer watch it was really just a grind upwards and nothing to take advantage of. However, later on when the SPY made what looked to be a lower high, UVXY barely inched upward and came right back down to lows. Once I saw that I thought it would be a good short candidate since fear seemed to be exiting the market and there was a chance the market was going to new highs. However, I thought it was still a possibility that the SPY could roll back down so I didn't take the trade. Plus, I didn't have shorts for it and only had shorts for VXX which really doesn't move that much. It ended being a decent fader for the rest of the day.

Things to work on:

1. See if a stock stops going down after breaking a prior day's lows.
2. Use multiple time frames (2/3/5) min charts even when in the trade.

Trading Recap 1/25/16

Another losing day for me although I took the trades I thought would work out. Unfortunately I didn't get filled on the ones that would have ended up being winners but whatever. I must say though that I don't really feel anything about the losses. In the past I would have doubted myself, hated myself for being such an idiot, etc. Now, as long as I take the trades that I want and take action then I think I will be content. If I go all the way back below $500 then so be it and I will add in some funds to replenish and try again. But it feels quite good to not give a shit and just go to the next day. Overall, I am less emotional and that is a bigger win than anything else when it comes to trading. As long as my process is ok then the results will come. Day by day profits will vary but will be exaggerated with my small account but that is ok.

White arrows are entries followed by exits.

OMED: I had this on watch for failed follow through/lower highs for a possible all day fade on the bad news. I saw it ramp a bit then have lower highs which got me interested. I thought about shorting but thought the risk was too high for me so I waited to see what would happen. Once the $9.70s cracked I thought I could short any retest with risk to $9.7 o/u. So I did that and while it held a small higher low on the retest on the 1min I didn't think much of it. I drew a downtrend line and figured any pops on that line would be good which is where I got short. Right after shorting it popped and I let it test but it held so I got out. After a while it made new lows. Maybe I could have risked to $10 o/u instead but to me it seemed like a waste because if it reclaimed then I wouldn't be interested and it would have the potential to squeeze a little by trapping shorts like me.

ENOC: There were a few things going on in my head for this trade. The first is that it is day 1 so I need to be careful and the fact that it was past 11AM and still holding up. However, I thought that the move was over with when it consolidated at the highs and could not push anymore. I figured any retest of $6.2 would be ok for a short. So when it retested I went short with risk to $6.2 o/u. It consolidated and while it looked to be holding, any pushes towards the .20s were rejected. Plus, the 11AM rule is flexible since it was around 11:30. However, I should taken into account the higher lows forming/looking like it would breakout. At the same time I didn't want to be scared out of my position when my stop still wasn't hit. By the time it was ready to breakout, I thought to myself it really can go either way which if I wasn't in already I would have avoided but since I was in I decided to let it test and see what would happen. Generally, "just seeing what happens" is a bad thing but I tried to balance not wanting to get out prematurely with the fact that it was just chopping around and could go either way. Overall, I don't think I broke any rules; my choice to hold on and give it that 50/50 shot since I was already in just ended up being wrong. On a side note, when I covered ST executed my buy order twice so I was long 100 shares at 6.34. I tried to get out just to cover the commission and I did. I thought about holding on to it and "seeing what it would do" but I decided against that since I didn't want to be greedy and it wasn't part of my plan at all. Obviously I would have been better off holding but whatever.

GLNG: I wanted to see either weak open or failed follow through at the open. It had some higher lows at the open but I didn't take it, mostly because I was looking at other stocks. After it had rocketed up a bit I kept it on watch. I thought it had gotten rejected a few times and so a short would be decent but after flushing it came right back and made new highs. However, it consolidated and couldn't push anymore and I figured that is where all the shorts gave up. The HOD consolidation pattern is something I look for and it is similar to how ENOC looked, sort of. This short would have worked nicely.

OAS: I wanted to get short on any sign of weakness and if oil decided to go lower. Oil stocks were very weak compared to oil on Friday so that was a major reason for my bias. When OAS had a failed breakout I tried to get short but didn't get filled (was only a penny away) which is a shame since I would have added to this and it would have been a nice win. I found out that it doesn't matter if I take or add liquidity, the fees are the same so I will just take liquidity from now on if I want to get into something.

WMB: This was the only oil stock I was interested in to go long since it had nice relative strength compared to all of the other oil names. When it broke out from 19.50s that was a good indicator to get long. That would have worked nicely until it decided to fade with the rest of the oil names. The only reason I didn't take it is because I didn't want to risk .50 cents on it. I guess I could have done 50 shares although it was under $20 so I think 100 is the minimum allowed.

Things to work on:

1. On OMED type of trades, short into pushes only and since it had big range my stop needed to be wider as well. Which means for now I shouldn't take this type of trade.
2. Just take liquidity if the spread isn't bad.
3. Keep the focus on for setups throughout the day.
4. Balance situations like ENOC better. Maybe I could have taken it off and put it back on at the expense of commission.

Trading Recap 1/22/15

Well I took some of the trades that I thought were good trades. Essentially broke even/slight loss on both (lost more on commission in both cases) and had I taken some of the other trades I wanted and tried to get filled on it would have been a good day. But the losses don't matter. I don't really even care about the losses to be honest. I feel so much better and more proud of myself for just pushing the damn button whenever I liked something. The stuff I said about not caring about my streak and if I lose money? All true. I felt really good and can't wait for Monday.

White arrows are entries followed by exits.

WYNN: I had this on long watch for dips due to the nice wedge that it was forming on the 15min chart and the fact that it can have nice moves and is honestly pretty thin for a larger cap stock. When it gapped up I took it off radar but then looked at it again and saw that it had flushed and reclaimed some intraday support. When it retested that support on the dip I went long. Essentially it just chopped around and it looked like it would flush at any second only to be bought back up again and look like it would break out. It kept doing this until I said if it doesn't break out on the 4th or so attempt then I'm out. So it tried to get above that .50/.60 level but couldn't so I got out for close to breakeven. It was a good decision and it wasn't out of panic or emotion because I had given it enough time and while it was toying with me the entire time I let it pan out. It never did breakout and did go lower. This might not have been the best of trades but my idea was the wedge breakout, flush and reclaim of support, and the fact that the SPY was going higher so I figured this could get a nice move upward.

SUNE: I also had this on watch and I either wanted to join a trend long for a bounce since it looked like it had reclaimed levels of support on the daily chart and put in a nice bottom or if $2.7s peaked and failed to go in for the short after the gap up since I know most gap ups in this are sold off. It mostly screwed around and then I saw the news about Blackrock which caused a nice spike towards $2.7 and failed. These news items are sometimes used as exits and with the huge volume that came in but it couldn't move I figured this might be the case. I might have chased a little when I couldn't get a fill but I wanted it to prove itself that there was no follow through after the news. When I got that confirmation I decided to get in. It made nLODs and tried to go red but couldn't and then it started to come back up quickly. I wanted to give it some time but I figured that if it wasn't just straight flushing then my idea was invalid and it wouldn't be what I thought would happen. I wish I looked closer at the 1min though since it formed that same pattern I saw on ZFGN so instead of covering near the top because I figured it could go higher, I could have waited it out and been more patient and got breakeven instead of a slight loss. It ended up doing nothing the rest of the day.

ALKS: I was looking for any pops/failed follow through to get short on this. Shorts cover and that provides an opportunity to short after their buying pressure exhausts. I was looking at the $34.5 level since that was the first possible resistance level. Once I saw it had peaked there I looked for lower highs which came but unfortunately my TOS crashed and it took a while to restart so I missed this.

ZFGN: I was looking for any pops/failed follow through to short this since most of the move was a squeeze and the squeezes is done and the backside is in. It flushed at the open and then it started to hold a bit so I took it off radar but then checked it out later in the day and noticed it had stuffed at the $9.5 level which is a potential major resistance area. From there I wanted to see the uptrend fail and lower highs. Ideally I would have started in  but I wanted to see a lower high first and it peak at the $9.3 level. Instead it just flushed straight down. It came back and my friend shorted it when it was hovering around r/g and it made nLODs so that was good. To me it looked like it was holding r/g again but when it peaked r/g afterward it was good.

General thesis on oil names/DWTI: I was looking at oil names for either a continued bounce and to go long on dips if there was a trend or to short any weakness especially if oil fell again. I was mostly looking for a short though because the oil numbers released were pretty bad and yet we still bounced. It felt like it needed any excuse to bounce and that when the chasers/late shorts got squeezed out it would fall right back. This wasn't the case however with oil making new highs the oil stocks like MRO and OAS were relatively weak and they would have been good shorts. I was looking at OAS's chart and it looked like it had a nice failed breakout and would continue lower. Later in the day though, I saw oil continuing to make new highs so I took a look at DWTI and saw it looked really good for a short. It based nicely through the day and now cracked. I thought about shorting any retest assuming that if oil was still making new highs then it was at least in the short term still strong and I could short DWTI. I didn't take the trade because I had never done a play like this before but it worked out really well anyway.

Trading Recap 1/20/15

Yesterday I fucked up. No, I didn't lose my ass shorting ZFGN early. Worse. I hesitated to trade again and didn't trade at all when I again had a 100% hit rate for my "calls", which doesn't mean shit. I feel that same level of disgust at myself as when I had that long rambling a few posts ago. I keep thinking that the hesitation is gone but it still lingers in the back of my mind, like a splinter I can't take out. I keep going back to what my thoughts/emotions are when I am contemplating entering and the things I keep coming up with: being afraid to lose and being afraid of being wrong, as mentioned before. But when I look at the worst thing that can happen should I enter a trade, which I guess is blowing up (losing money), I've lost money already - been there done that. My streak goes away? So what? I don't get a bonus for having a streak - it doesn't mean anything. I was wrong? Been there done that too many times to count. Every time I enter a trade, I make it seem like a big deal. "Ok this is it I'm in the trade and filled." So fucking what? I want to be a trader, I'm supposed to trade. That is the nature of this business. It's not a special fucking moment where the trading gods come down and congratulate you "Wow you made a trade. Congrats." It's part of the job; it's even in the fucking name (TRADEr). A lot of this also comes down to the fact that I am too focused on the results and not on the process. Yeah, I only have $700 and don't have a big account but it's going to stay at $700 if I don't fucking trade. I need to focus on my process (which I have been) and not worry about the $, either gain or loss. Overall, I am tired of being a bitch and being a trader in my head and not being an actual trader. An actual trader in reality has to fucking place trades.

Tomorrow it's go time. I WILL take any and all trades that I perceive as good trades. End of discussion - even if I have to trade naked outside in the cold.

ZFGN: After seeing the failed follow through in the premarket I developed a short bias and wanted to short any failed follow through or a parabolic/lower highs. Neither came. Instead I should have realized that it had nice range and any higher lows could be a decent long. I won't chew myself up too much for missing the long since I didn't understand at the time what would get it going since at that point all shorts were up for the most part so a squeeze seemed unlikely at the open. Anyway, fast forward to the parabolic and at first I thought about shorting when I saw the volume increase near $10 but avoided it, thankfully. However, the way that the parabolic shaped was something I have seen and recognized many times. It was around $11.50 and I was looking to short but hesitated because it looked too strong. This ended up being the top. I try to avoid front side shorting, especially for my small account, but this pattern was quite clear to me. Even though I didn't short here though, there were plenty of opportunities on the backside that I didn't trade. I wanted to short $10.50s and didn't see the $11 stuff and hesitated again and then even at $10 too.

NFLX: I originally didn't have this on watch but saw that it had given up all of its after market gains from the night before which made me think that it was weak and a short was possible on failed follow through. I saw it in the $106-107 range and thought this would be a good short on pops. I should have just went in with risk to r/g and it wouldn't have been a problem. Ideally you start in small and can add on pops as long as the trade is valid. Anyway a few seconds later it washed out and I figured I missed my entry.. but was I wrong. It went much lower than I thought it would have and would have made a great trade.

OPTT: I saw this rocketing up and kept it on watch. I checked the daily chart and it has a lot of potential resistance in the $2.5 area. I saw it tried to break out and get rejected, which was a short signal to me. I saw it at $2.1 when the high was $2.44 and thought it was too late, which is retarded as mentioned many times before. I can't keep this notion of having to get the top tick or else I am chasing/not good entry. I am taking things too literally when people say not to chase etc. There is plenty of potential downside to be had still.

NXTD: I had this on watch for a parabolic/lower highs to short into after everyone was properly squeezed. It felt crowded and it was one of the few runners going on at the time so a lot of eyes were on it. However, it just stuffed (which I didn't see in real time) and just fell from there. By the time I actually realized there was a trade it was when it had that massive red candle, which I still could have shorted into and made money, proving yet again how on certain plays it is ok to not have the absolute pristine entry.

SUNE: I had this on watch for failed follow through which did happen but I was too busy looking at ZFGN and other stocks to really take notice. I did make a note that it would be a nice short in the $2.30s-40s but wanted to save my account BP for other plays at the time. This had a very nice quick washout to $2.

Overall, a day with lots of opportunity in which I did not partake.

Things to improve on:

1. Don't worry about not having the best entry. If the trade looks good and you can get a decent entry then take it.
2. Don't make taking a trade this big thing. Trading should be a calm and collected process. Plus you want to be a trader so... you need to trade.
3. Be more on the lookout for stuff moves.
4. For ZFGN, volume doesn't tell the full story when it is going parabolic. Unless it has huge, huge volume then it can still go higher like it did from $10 to $11. Keep looking for patterns like this for an edge to trade off of.

Trading Recap 1/15/16

No trades for me again today. The reason for that though is mostly due to being too slow to input orders and being unsure as well. The market has been quite interesting as of late and has thrown a lot of head fakes to traders. There was a lot to watch as well and while I tried to focus on the best, my estimates as to which ones would play out the best were wrong. However, one thing I have consistently noticed is that I am sometimes not able to see patterns I recognize after the fact in real time. This may be due to a lack of focus and if so then that means I have to focus and keep analyzing what is going on even though I normally resort to "there's nothing out there".

VXX/UVXY: I had an idea to short at the open because as the SPY was making new lows right before the bell the VXX/UVXY weren't moving much at all which was a signal to me to get short. Then when the market opened the SPY started ripping instead of flushing so I definitely knew it was a good shot. But by the time I had my short order entered it was too late and the decay had begun in both ETFs. However, I now notice a pattern I have seen many times before work on the SPY and could have gone long UVXY. This is one of the many things I failed to notice today, probably due to the fact that it was lunchtime and I wanted to head out. You can see the lines I drew on the charts below to illustrate that.

CDRB: CDRB was one of those that it all happened too quick and by the time the stuff happened it had faded a little bit more than what I like to base my risk off of. I think in the future I will just go for these since they almost always work and whatever even 100 shares if I don't get to add ends up being a good play a la EARS. Some went long in the chatroom when it started perking but I would have rather seen a trend form first then buy dips. While it was a good scalp, it ended up fading right back so you never know with these. I didn't think of any short attempts as the day went on especially since I was out but I don't like sitting around and babysitting the position unless I realized most of it or think it can fade a lot and have a decent sized position.

BSI: Nate warned about this in chat about it being thin (which it is) and being potentially crowded. It's hard to judge whether or not it really is crowded but what stopped me from shorting it was the fact that it had held up well yesterday after the halt and now with the news and gap up, potentially more shorts are trapped. When it went parabolic I didn't realize in real time that it had gone up around $1.5 in 3 minutes or so. The third candle was the place to short and I was contemplating a short around $7.5 but it is just like CDRB where it's not exactly close to the top and it is a bit more risk than I would like to exhibit and it is really thin and I thought it was crowded at the same time. I wasn't sure if all the shorts were covered into that push or now and that now it would have a chance to fall freely.

VHC: I had this on short watch for failed follow through momo. However, it grinded up past r/g and so I took it off watch since it wasn't doing what I thought it would. However, I should have kept it on watch (another miss due to lack of focus) because it had a pattern I have seen before (a certain parabolic pattern) and there was another pattern afterwards where it tried to breakout and gets rejected and starts to fade off a little before the real unwind happens. I saw the news and thought that it was bs (mostly a Roth capital mention) and I know it is probably chasers bidding it up but I guess I overthought the scenario and thought that there might be people (like Roth) keeping it up. Another lesson here is don't overthink.

Things to work on:

1. Always keep laser focus when trading on all setups.
2. Take those CDRB/BSI type trades.
3. No overthinking.