Chapter 2 Trading journal #79–05/02/2019 +$13
Trades overview:
RBZ +$20
Should have left a stop for the half left.
$YRIV +$19
- My first entry was on double top — basically a place where I should have added if I had some more shares from the first touch of 1. At this point my risk should have been higher (not 400 shares — I didn’t buy enough shares). Should have been at least 600 shares there ( 0.6R)
- 2nd entry was a scalp, but I was not able to get fills, routes didn’t work — missed really great entry at 94
- The third entry was against 95 levels. Took a half at 0.9450 and added half at 0.93 — Was not getting any fills higher. Got out when 90 reclaimed, but in general, Should have stuck to my stop — I would have been break even there. At this point I started thinking that 88 held, 90 held and squeeze is coming
- Risk/Reward was there, but should have applied more risk.
CGA +$8
The first entry should have been on top against PM highs with 0.3 R and then add more 65 again +0.3R
I was sitting on the offers all the time, and didn’t hit the bid since the spread was more than a cent. But proper entry would have helped me a lot to scale into position on the way down,
AXGT -$3
Picked the trade, and thought 14s might go.
The right way would have been to start a position at 0.15 with the risk above 17s = 0.3R, Re-add 0.3R in 14s
TAIT -$3
SSR bounce was not my setup, on MATA it was a short. I should have respected it and did not trade it.
QD -$6
Made a mistake here, applied 1.2R in one entry — realized it, and got out for a small loss.
NSPR -$22
Tried it twice and let it go. Loss here 1.2R
Read next: Chapter 2 Trading journal #80–05/03/2019 +$241
Read main Chapter 2. “Peter, you have to start putting green days on”
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