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.
No trades today.
Someone once said, “Sometimes the best trade is no trade at all.”
NTEC – Float was a bit heavy, did not work so and volume dried up, so got out flat
SBLK – two trades here
- 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
- 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.
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.
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.
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
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)
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.
Terribly slow day, just didn’t work!