5 min scalp · Daily Report · Others

#28 A quick good trade

Trades: 1
Accuracy: 100%

Screen Shot 2017-08-18 at 11.25.39 pm

SPWH – One of the best trades I have made in a while. Risk management was great. I did not get my full size as it ran a little at my buy point but i did not chase. I recognized this stock was a grinder and did not get shaken out when I was red on it for a while. Got 12 cents on it and that was decent for a Momo play. It was a good trade overall. Was a little bummed out that I did not get my full size. Also a tad or two longer I possibly could have gotten 22 cents on it instead. Well thats always tricky to smack the top.

 

Cyaaaaa!

Daily Report

No trade Thursday #27

No trades today.

Someone once said, “Sometimes the best trade is no trade at all.”

Nites!

Daily Report · Stupid Chase

1 step forward, 2 steps back #26

Trades: 3
Accuracy: 33%

 

Screen Shot 2017-08-16 at 10.26.03 pm

NTEC – Float was a bit heavy, did not work so and volume dried up, so got out flat

SBLK – two trades here

  1. First one, got stuck in consolidation, tapped mental stop and got out a tad early. Was obviously emotionally furious when I realised it just went back to previous high
  2. Got emotional, tried to chase it for the HOD break. I got in early because i was too emotional and played a set up I was not fond of. Disappointed in myself here.

Screen Shot 2017-08-16 at 10.25.35 pm

Sad day really. I was having a little bit of FOMO from yesterday. Didn’t trade yesterday as I was a tad bit busy and actually saw some decent set-up form with hindsight. Definitely played into my emotions today.

Trading is tough. Its a slow slow slow grind and it can really get to you at times.

5 min scalp · Daily Report

#25 Green Day

Trades: 1
Accuracy: 100%

P&L:
Screen Shot 2017-08-14 at 10.31.19 pm

 

Screen Shot 2017-08-14 at 9.55.45 pm.png

FRTA – Had range and volume, now it just lacked a clean set-up. Waited and waited and it came along. 9 cents of risk there and managed to sneak 12 cents out of it with an entry with a little slippage. Glad about this trade.

Nites and good morning westies! Je suis calme today.

 

5 min scalp · Daily Report

#24 – Confidence is key!

Trades: 2
Accuracy: 50%

P&L:

Screen Shot 2017-08-10 at 10.51.12 pm

Screen Shot 2017-08-10 at 9.58.02 pm.png

So HDSN worked out great. Was happy with this sucker. Also took profits when necessary.

On the other set-up – The Reversals

Reversal set-ups were strange today. There were few great reversal set ups that I just did not have the guts to trade. Something deep in my gut told me these were not good trades. They did work out in the end but I missed em. All is well though as this slowly just adds more confidence to my strategy. I will do better next week with this.

At least I am greeeeen! Wohoo

 

Daily Report · Reversal 101

#24 – Finally a reversal to learn about

Trades: 3
Accuracy: 33%

Screen Shot 2017-08-09 at 10.50.40 pm.png

 

INAP – This was terrible! I accidentally slammed my order twice getting me twice the size. Also I chased it as I had actually missed my target entry by a few. Lastly on hindsight range was too low. Was a bit mad at this one

SGRY – Wohooooo! Classic and perfect reversal. Only small regret is getting out a little below target because I wanted to snag me profits quickly. Gotta have more confidence in my strategy

FGEN – This one had great risk-reward, but just did not work out. Gotta shrug my shoulders on this. Win some lose some. Though I have the say the daily chart looked weird for a reversal. Still learning every day. Had me exit right on time. (See below)

Screen Shot 2017-08-09 at 10.50.31 pm.png

Plan tomorrow: Do the same as today except watch range and stay away for the time being on FGEN type charts. I will have to wait and see if reversals work on ‘FGENs’ before trading more of em again.

I’m semi content today. Let’s hope and wait for more tomorrow.

5 min scalp · Daily Report

#23 – Slow slow slow

Trades: 1
Accuracy: 0%

P&L:

Screen Shot 2017-08-08 at 10.55.19 pm.png

 

Terribly slow day, just didn’t work!

Ciao!