Chapter 2 Trading journal #109–06/14/2019 +$178
What to work on.
- Do not add in the bottom of the range just because there is an offer. R1 LH pattern also mentioned this before. Offers at the bottom of the range are different based on whether this is a range trade or momentum. This is something to be aware of as well.
- Again with moving stock, use wider stops, maybe not this level, but the next one if possible
- Watch 2 last MoneyG videos over the weekend
- $ARQL chat go over it again it, problems with stop and was getting short won the way up = no setup there.
AMPE +$91
#1 Missed entries
#2 Was adding 1/2 back on the way up, Higher lows were in place. This pattern is something that is always being taken out. Touches R1, makes higher low and takes R1 out. With a bigger size, I should not be adding there. The only decision I have to make is how much I cover when the offer will be taken out. R1 LH pattern
NBY +$61
ARQL +$42
Extremely important to use proper stops.
$CHWY +$9
$SNSS +$6
MEET
$FLKS -$3
IGC -$28
1 — Mistake here. I should not have added there anymore. The stock was putting Higher Lows. R1 LH pattern again
2- Shorting bottoms. Just got lured into the trade when I saw the offers. They made me react. This is not how I trade.
3- Was ok set up to take a loss on.
Read next: Chapter 2 Trading journal #110–06/17/2019 — $86
Read main Chapter 2 “Peter, you have to start putting green days on”
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