Chapter 2 Trading journal #74–04/25/2019 +$1
NBEV +$23
- Was scalping it short on the way down and long on the way up. Till it stopped working.
- Broke the trend line. I was adding more and more on the way down. After the last entries, I had almost 500 shares. This was a wrong decision — support was holding. I should have been covering there, instead of adding. There were probabilities of a flush, and of having a big trade, but the right decision was to cover everything and if it breaks, take an entry if there is a pullback.
$HSY +$4
Got long off MATA, got short of MATA.
RWLK — got borrows, but no trade
$MBRX 0 — Scratch
Was holding ascending bids, got out
CPRX -$10
Extremely pissed at myself for the second trade. That’s exactly the setup I’m working on avoiding and did it well with DSS yesterday. Thought it will be an FU move, but at some point got long off the bids. Once again entries in this area are unacceptable to me. Will completely eliminate these mistakes from the trading.
ZAYO -$16
Was a chop around MATA. I went short but expected a bigger move, so covered only 1/4
After it reclaimed MATA got long thinking, some shorts are trapped, and even if not MATA long, at least some sort of a spike can happen. In hindsight, I got chopped in the range.
Read next: Chapter 2 Trading journal #75 04/26/2019 — $21
Read main Chapter 2. “Peter, you have to start putting green days on”
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