21/5/2015

Interesting day with tiny loss and a good trade that got away

PL

QQQ - long. Traded near end of day off support. Good trade but no movement. Would do this again

PBMD - long.  This was good setup with all the ducks in order. I entered with some confidence and then seen two very good SMB traders go short. After it stalled a little I then sold.

This would have a very good trade and now need to work on some way to ignore other traders if I think a trade has merit. Some form of checklist to let me know the stock is still in play and my thesis is supported by some facts and I can then hold

 IWM - long. Missed the main fall to support in the morning and took this one near close. A good trade but no upside. Would do this again. IWM has a habit of one good wipeout a day off support and always a second level down so one to watch and understand

TGT-long.  Traded off Support after a higher high but not a new overall day high.

In checking there was no reason to trade this one, it was not in play and a weak follow on from some strong retail sector stocks yesterday

A mistake as I did not check this correctly