Chapter 2 Trading journal #108–06/13/2019 +$65

Mistakes I made today:

I lost a lot of money in the setups, which is not my edge. I think I need to avoid them first of all, and even If I want to give them a try, I can not risk or loose more than 0.5R Otherwise

1. SVRA — gap down, no edge for me.
2. TEUM — not biotech
3. NYCB — not biotech
4. DRYS — not biotech (although I didn’t trade it properly, rushed in)
5. TLRD — not biotech
6. PTEN — not biotech

It could have easily been up above $150 If only I stuck to my edge — Gap up, Biotech, Short.

What to work on:

1. Stick to the edge
2. Keep asking yourself where was/is the right/best entry.
3. Keep during the day going over the charts to make sure that I’m not reinforcing bad entries.
4. If there is no momentum = Trade chart
5. Open is only for the edge plays and watches
6. R1R2 concept for over under

OPGN +$73