struggled to find trades today.
Two trades with a very small loss for the day
Still will not trade any size until I get consistent winning days and use good trade management. Its is very frustrating but that is the goal I have set and will stick with it
I did not overtrade today and spent a lot of time looking at stocks and also put both stocks into my pre trade planner. This is a good way to settle me so I dont trade all the stocks that look good.
The trade management was good, I gave away nothing and exited trades by choice instead of waiting to see if the stops would be hit.
ZU
Entered trade with support after about 30 minutes of market time. I did have around 20 cents profit but decided to see if it would run some more. In the past I have exited trades far to early and so intend to hold longer. This will give some losses but should capture the stocks that run.
I took of half the position when it failed to move up again and was making a lower low
I cut the rest of the trade when it looked like it might break to the downside
It did end up running up around 40 cents but I was not at the screens and that was also a reason to cut the trade as I was not there to manage the position
PTE
This stock moved up fast on open and spent the rest of the day drifting down to support. I entered on a higher high of the LoDay and held while it tested this low a second time. The stock did not move and looked dead going into the close so got out my fees and was out.
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