Chapter 2 Trading journal #77 04/30/2019 +$52

I need to keep working on the same things:

1. Watching low floats stocks
2. Make sure my risk/ reward is 1:3 at least
3. Keep working on my entries and proper risk levels.

$NOVN $39

$RENN $32

Will rewatch the tape — there were plenty of entries to get in

$OPTT $21

There was no reason to be in this stock. There was no volume.

$QHC bought borrows but didn’t get an entry. There was no volume as well. So it’s good I didn’t get in.

GE -$6

After the rejection — should have gotten back in.

ROAN -$8

The proper stop would have been at 66.

Afterward, there was a second entry against the offers at 56s

KOS -$26

1st entry was not good — since the stock was favored up — should have waited for the retest of 70s area.

2nd entry was ok when 70s were holding

3rd entry was ok when 65s were holding

When I saw a double bottom — could have gotten out for a half at least — since the short thesis was not conforming.

Read next: Chapter 2 Trading journal #78–05/01/2019 +$104

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

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