Lesson Learned: The Cost of Chasing Green

Morning everyone. I wanted to share a quick lesson learned that bit me hard last year. I had a really solid few weeks trading $SPY puts and calls, picking off decent swings. Felt invincible, you know the drill. Then, instead of sticking to my playbook, I started chasing every little intraday move, convinced I could squeeze out another few dollars. Ended up overtrading like crazy, hitting my daily stop multiple times in a session because I just kept trying to get back to even after a few bad entries. The problem wasn't even the losses themselves as much as the commission and slippage that piled up while I was essentially gambling. My biggest takeaway? Sometimes the best trade is no trade at all, and don't let a good run convince you that every setup is a winner.