Definitely a poor trade, blowing up half the account. Entered as it was breaking the morning low. It proceeded to chop sideways and fluctuate within the morning range. It stayed within the up 30% and down 30% which was my risk management for loss. I had to get to work and it blew through my stop loss. Luckily I learned my lesson from last month and had back up price alerts set so I could at least log in and get out whether it was up or down. It was a bloodbath, down 67% on a sized up position. 

I sized up and averaged down because all of big tech was leading to making a temporary move up to test the recovery of the gap down from yesterday. That move would have put this option over 100% and a solid win.

As it was consolidating price action led to upside, and with the VIX hitting $20 it was a good level of reversal for it. I missed whatever news alert hit but it dropped the $2 we were looking for on the upside and killed the trade. On to tomorrow and FOMC.

The price action going into the close could give some insight into that the market is anticipating for FOMC. The market tends to move in the opposite direction to gain supply for whatever the demand is of the FOMC announcement. Knowing today would be a range day I thought I could capitalize on a temporary break. I needed to wait for a better trade... like the one that hit when I exited. 

The break of support and quick downside to morning lows was the trade we were anticipating this morning to the upside. I entered when it broke the $601 resistance level. It topped at the resistance level of $601.77. When it failed to continue higher after entry, and failed that level multiple times I should have exited instead of holding.

If I didn't average down I wouldn't have been so pot committed here to hold. I would have had ammo for the 2nd trade I originally had planned on, and would have been the home run I was looking for and been a big day... lessons to learn... stop averaging down.