Chapter 2 Trading journal #87–05/14/2019 +$55

Day overview:

What to keep working on:

• Do not let stock go. Today after I took trades there were at least 2 more opportunities in 30% of the tickers I traded. Keep watching stock (if there is the volume( after stopping out.
• Keep your mind open. Today I was flexible, I had as many longs in one day as the whole last month ( approximately)
• Buying into breakouts of HOD is not a good idea. In trades like this — should be way earlier.
• Tomorrow I will be working on the same things. Watch and don’t let go of stocks that move. Keep my mind open to the possibilities and probabilities — long or short

STNE +$30

When 49 broke for a second — I should have hit the bid, not only stop out. It was a decent level to do so.

Should have stuck to the stock and traded it. It provided many more clean-range trades.

NBY +$25

On my first entry — I should have again watched it after the stop. Was long there, bought the offer when it was taken out, instead offers stepped down right away, so I thought this is a short and got short to watch how the spread opens up above 70s — got out on the bid, and the offer. In the meanwhile, this was a good opportunity to get long.

Should have continued trading it after.

SAEX +$19

Short-long-short-long-short ( got out -nothing was happening)

TXRC +$11

Was not able to get more shares

OPTT +$4

Should have just stayed away from this one

YRIV +$1

AYTU -$5

1st mistake here — got long thinking it was a breakout long and missed proper positioning for a short.

2nd mistake — should have re-attack it. There were no pops what so over

SLDB -$13

Too much bias here — The same problem I had with the $UXIN trade. Stock is trending higher after the open. It’s SSR, there is a bid. WTF hold on to this short????

TME -$18

Tried long SSR in the consolidation — got dumped on ( Exactly the same pattern happened an hour before)

Got short against 120K offer. Again mistake, at this point, I should have been thinking about how to get long of this offer — get some before — add more when they take it out — add on a pullback. That’s the proper way of thinking.

Read next: Chapter 2 Trading journal #88–05/15/2019 -$123

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

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