Another flat day. Still no edge. Making same mistakes of taking off winners early. Getting much better at cutting losses QUICK, but need to let winners run and expect movement.
ALGT - Looked good to go but missed the limit fill
SHLD - Amazing short but again, took profits too early
VMW - Reversion attempt and failed, good stop
GMCR - Reversion bounce chase and out for small gain BUT STOP NEVER HIT, TARGET DID
AAPL - Great pattern but stressed out and took off the potential +1 and +2 at B/E
Thursday, May 31, 2012
Wednesday, May 30, 2012
Paper only today, struggling to find edge
The lessons:
AMZN - reversion long
CF - Followed @gtotoy on this consol
AAPL - Lesson on Rising MA's
VMW - Missed bottom, attempted short but no follow through
VHC - Lesson on where to buy on gap up pullbacks
AMZN - reversion long
CF - Followed @gtotoy on this consol
AAPL - Lesson on Rising MA's
VMW - Missed bottom, attempted short but no follow through
VHC - Lesson on where to buy on gap up pullbacks
Tuesday, May 29, 2012
Mainly papered today as i lost the edge
Here are the lessons today:
XME - Daily alert triggered so went long but didn't like how far it gapped prior.
VRTX - Chased long after huge selloff
AMZN - Lessons on trading an inside day as well as reversion
CRUS - Daily set up triggers
XME - Daily alert triggered so went long but didn't like how far it gapped prior.
VRTX - Chased long after huge selloff
AMZN - Lessons on trading an inside day as well as reversion
CRUS - Daily set up triggers
Monday, May 28, 2012
Ended day red and 2nd week in a row red
Had 3 positive days and 2 losing days, the losses are greater then the wins so my R:R is off. Need to re-evaluate trading methodology.
BIDU - Long off open
XCO - Trigger alerted and looked GREAT on daily, was just wrong
AMZN - Had P/B target but missed it, tried long but small loss
BIDU - Long off open
XCO - Trigger alerted and looked GREAT on daily, was just wrong
AMZN - Had P/B target but missed it, tried long but small loss
Thursday, May 24, 2012
Was up on the day and then final trade i took off to end the day flat
Ended day basically flat.
BIDU - Tiered in and it worked but again, OUT BEFORE TARGET HIT
VMW - Long off P/B to rising 8MA
BIDU - Tiered in and it worked but again, OUT BEFORE TARGET HIT
VMW - Long off P/B to rising 8MA
Wednesday, May 23, 2012
Ended day green, STILL TAKING WINNERS TOO QUICK and it's costing me.
Lesson: Need to let winners run in order to stay in the game as only having a few losers is keeping me red. Ended day green as 3 of 4 were winners but miss sizing as well as taking off B4 targets hit are costing me!
TNA - Long looking for reversal trade but took the hit
AAPL - Long off double bottom, BUT TOOK OFF WINNER TOO QUICK
AMZN - How to anticipate a high probability trade
RL - Great reversion trade that i missed
TNA - Long looking for reversal trade but took the hit
AAPL - Long off double bottom, BUT TOOK OFF WINNER TOO QUICK
AMZN - How to anticipate a high probability trade
RL - Great reversion trade that i missed
Tuesday, May 22, 2012
Nice productive day, 4 for 5
Great day but need to FORCE myself to let winners run to targets as my red days are bigger then my green days so overtime i'll have no edge unless i get this concept.
FSLR - Great reversion bounce
CAT - Long off previous day consolidation area but DIDN'T STICK TO PLAN
PPC - Had alert on daily and as it triggered i blindly bought long
GS - Short attempt but took off for tiny gain
LVS - Short the double top but was too strong
RL - Wasn't sure how to trade and really wanted to...some hindsight lessons on fading the gap
FSLR - Great reversion bounce
CAT - Long off previous day consolidation area but DIDN'T STICK TO PLAN
PPC - Had alert on daily and as it triggered i blindly bought long
GS - Short attempt but took off for tiny gain
LVS - Short the double top but was too strong
RL - Wasn't sure how to trade and really wanted to...some hindsight lessons on fading the gap
Monday, May 21, 2012
Another red day on a HUGE blown opportunity
FEAR is residing in my psyche. Some missed trades, some miss-managed trades, and on others i just wasn't smart enough to follow the mentors in taking.
LVS - Chart said to short, missed the +.40 short
AMZN - Long on P/B but got hit for -1 and missed the HUGE BOUNCE
AAPL - Afraid to fill so pulled limit but did hit long and ran
CAT - Reversion short and wrong...also missed the easy longs. LEARN!
LVS - Chart said to short, missed the +.40 short
AMZN - Long on P/B but got hit for -1 and missed the HUGE BOUNCE
AAPL - Afraid to fill so pulled limit but did hit long and ran
CAT - Reversion short and wrong...also missed the easy longs. LEARN!
Friday, May 18, 2012
Ended day green but ended week red due to yesterdays mistakes
If i can learn to utilize PATIENCE and let my trades take me out, today would have had 2 HOMERUNS instead of taking bread crumbs. I need to FOCUS ON LETTING TARGETS GET HIT!
Here are the trades and lessons
AMZN - Looked like bottom was in so 1/2 position long
NTAP - Didn't pull trigger and i missed a huge run, memorize this pattern
AAPL - How to trade previous day range lesson....oh, and a missed short for +10 as i had no conviction
WYNN - Legging into a short
Here are the trades and lessons
AMZN - Looked like bottom was in so 1/2 position long
NTAP - Didn't pull trigger and i missed a huge run, memorize this pattern
AAPL - How to trade previous day range lesson....oh, and a missed short for +10 as i had no conviction
WYNN - Legging into a short
Thursday, May 17, 2012
Biggest red day to date, 0 for 4 and that was still with 1/2 positions
Mistake 1: Taking the loss before stop is hit and not letting action move to target to take off.
Mistake 2: Putting stop AT support instead of below
Mistake 3: As soon as stop is hit i take off price as most time it bounces back so wait for a few minutes
FSLR - Long off strength but took premature loss
PANL - Looked to bottom but entered too early and didn't retake when setup
VMW - Long off strength but got stopped at lows (right at support)
BIDU - Long at bounce but stopped out on new quick shakeout low
Mistake 2: Putting stop AT support instead of below
Mistake 3: As soon as stop is hit i take off price as most time it bounces back so wait for a few minutes
FSLR - Long off strength but took premature loss
PANL - Looked to bottom but entered too early and didn't retake when setup
VMW - Long off strength but got stopped at lows (right at support)
BIDU - Long at bounce but stopped out on new quick shakeout low
Wednesday, May 16, 2012
Ended day green but CRAPPY trading day
Took some poor trades as i didn't execute as planned or took off too quick. Main problem today was hesitation
BIDU - Great P/B target to get long but never pulled trigger
GS - Loved this push up as a place to short but didn't take it
AMZN - Bought P/B to MA's
AAPL - Long on break of Falling 50MA, bad trade
BIDU - Great P/B target to get long but never pulled trigger
GS - Loved this push up as a place to short but didn't take it
AMZN - Bought P/B to MA's
AAPL - Long on break of Falling 50MA, bad trade
Tuesday, May 15, 2012
Biggest losing day in awhile but still within daily loss allowance
Tuff day as every trade seemed to be a loser, learn from stops too tight or anticipated pullback, got it, but didn't take trade.
BIDU - Liked it long off RS at open but didn't add at obvious P/B to gapfill
AMZN - Long, Short, and Long, all great trades but STOPS TOO TIGHT OR TOOK OFF EARLY FOR SMALL LOSS INSTEAD OF LET TRADE WORK. Should have had +2, +1, and +1.
AAPL - Didn't pull trigger so papered and it ran to the +2 target, THEN +5. Grow some balls!
BIDU - Liked it long off RS at open but didn't add at obvious P/B to gapfill
AMZN - Long, Short, and Long, all great trades but STOPS TOO TIGHT OR TOOK OFF EARLY FOR SMALL LOSS INSTEAD OF LET TRADE WORK. Should have had +2, +1, and +1.
AAPL - Didn't pull trigger so papered and it ran to the +2 target, THEN +5. Grow some balls!
Monday, May 14, 2012
Ended day red, stayed calm but bad stops
1 for 3 today.
SINA - Stop too tight just under support and WHOLE number. Need to watch for shakeouts.
LVS - Bounce off whole number of 50
AAPL - Pennant long but shaken out BY STOP AT SUPPORT, use better stops
SINA - Stop too tight just under support and WHOLE number. Need to watch for shakeouts.
LVS - Bounce off whole number of 50
AAPL - Pennant long but shaken out BY STOP AT SUPPORT, use better stops
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