Market
Futures all opened down and traded flat today
Needed to find strong stocks with their own mind or short weakness
Day started terrible with a short from yesterday getting stopped out and an open drive that went the wrong way
Traded out of a hole and ended up with small upside. Pleased with this
Mistakes
Missed entry in a very good short as I didn't think it had more downside and should have just traded the tape and chart
Traded 50 shares in a stock that could have easily taken 1000 shares
Done well
Left stops in place
Took part profits
Cut losers
Traded out of a hole in the morning
Got rid of P/L on trading screens so I don't stress over trades and can manage more easily
PL
CHK
Held from yesterday because I was not paying attention to the time and did not close out
Started day down with stop out from this trade
CTSO
This worked and could have easily been traded with size
Exited in two lots and took good profit as this made the day for P/L
Up 40% on success for drug trials. These stocks have been busing lately after a good run up so shorted.
Held most of the day and did not move so exited trade
HPQ
Entered limit on open and got killed.
Went against me and had a second go at this one. Held most of the day and exit after no movement
LL
Good call by Willam and entered just under VWAP
Held for most of move and exit at first stall and then exit rest at second fail at this new level
RESI
Quiet stock but holding and getting tight on price
Missed first trade and had a go at the second test of morning level
Exit on failure to move
Will try short on close if it does not move up
X is a mad stock and does whatever it wants
Exit on failure to move
INTC
Short and stopped out by 1 cent
It did not move much and would have only been a break even trade at best
No comments:
Post a Comment