Chapter 2 Trading journal #93- 05/22/2019 +$96

Capital preservation is the main idea. I need to keep concentrating on it. This is an “I will not waste/give back money” attitude.

Keep working on the levels where I GTFO ( level reclaim after falling or making new low) or frontside short ( where the latest I want to be out is when HOD will go in second) But for the backside shorts — I should allow stock to actually break the range before I get out. There is liquidity above me, so it shouldn’t be bad.

Keep working on taking profits at Rs or targets.

And once again the main questions are, can I make money in a stock I want to trade? And what do I need to do and when to save money to avoid losses?

Trades:

CODX +$31

hit out when thought the level will go. need to work on it. On the backside, I will allow myself to get stopped out above the level. On the front side I will keep hitting out at/above HOD — since the chances of HUGE slippage are very real.

PRTO +$22