Tuesday, June 16, 2015

16/06/2015

Good day, only two trades on a flat market day and refused to get sucking into trading and losing out of impatience and being too clever



A massive $20 and feel rather good about this as it was earned and better yet it was retained




IWM
The one that got away. I like trading this index, it seems to move a bit and falls to a mid level a lot of the time with clear action on the tape and then a fall to support. I am getting more patient with entries but as you can see not so patient with holding. Too many small losses over time and I am jumpy.
This is one area that will make a massive difference to my trading and so working on scaling out with set OSO orders so I can close my eyes and let it happen.
Goal is to take a small profit at the first move up and then hold.
I will get stopped out a bit but that happens anyway so need to endure this and keep at it

I took around 25cents and left the next dollar



MU

Good trade, it fell, corrected and stalled after a small spike up.
Entry was limit and 1 cent less than market so an easy quick fill
Out on bounce at bottom

I was tempted to sell short again but decided not to as it was a stupid idea. The stock was tracking along sideways and no movement so as best it would be a painful boring trade without clear direction



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