Chapter 2 Trading journal #64–04/10/2019 +$26

Day overview:

I was self-aware of myself and my trading the whole day. Didn’t feel FOMO.

Didn’t place even a $5 risk today, and will do the same tomorrow. Need to get a little bit more comfortable before placing even $5 at risk consistently

What worked:

• Covering 75% -100% on the flushes and re-shorting.
• Watch only 2–3 stocks.

What didn’t work:

• Timing of the second and third bounces should be more patient since the move it’s done and want to see more rejection before getting in. I will miss the move many many times, but this is ok.

Trading Overview:

$AVGR +$24

It was at the bottom of the range, so I never gave it a chance. $1.07 was my entry to give it a chance. should have tried it. at least til the first loss.

$INPX -$2

1. Entry was off the offers, was fully aware of the bottom of the range, but thought they might push the stock 10 cents lower. Hit out when the offer was being hit — loss
2. long scalp — win
3. Tried short, but didn’t like the reclaim of 55s, so left it alone — a loss
4. Got short of 60s, when saw 60K print of D, and the offer was holding, I should have waited for a reaction, but instead, I got shaken out when the reaction was happening — a loss
5. long of the dips — was ok till it stopped working
6. Tried long leaning on the offer.
7. The offer lifted and got out. The timing was off.

$NBEV +$4

1. entry was with the idea it couldn’t hold above 95s — the moment I saw this is not true. Hit out
2. Was waiting for a break of 6, but it never happened — so got in on 5-minute candle break.
3. Was looking for continuation, but in reality, should have covered more when I saw V-reversal from the g/r line + reclaim and hold above 80s

Read next: Chapter 2 Trading journal #65–04/11/2019 +$13

Read main Chapter 2. “Peter, you have to start putting green days on”

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