Chapter 2 Trading journal #92 -05/21/2019 +$25

What to work on:

• BIOC offered 3 more setups I could have taken today. SESN provided at least 2 or 3 setups. I could have taken it. I need to keep working on sticking with the stocks that move.
• Take frontside shorts only after an extra volatile move — otherwise, there is no edge in taking an entry at low highs.
• Avoid stocks with RVOL less than 2, Avoid low-volume mid-day accumulation.

What to keep doing:

• Trimming gains at 1,2,3,4 R
• Capital preservation — is my number #1 goal. If the stock is not acting like I expect I should not be there, Neither I should give more than 2 tries for a certain setup.

OTLK +$29

There was no need to get out at 15s from the last add — There was liquidity above me and most likely there would have not been any 10–15 cent slippage.

BIOC +$9