Bottom Bounce · Daily Report

#82 – Finally! A confidence builder

Trades: 1
Accuracy: 0%

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Oh I played this thing beautiful. Got a god damn killer entry as it hit first support at 18.25. Hoping for a pop at open but that did not happen. Took shares off early as it looked volatile to cover my bases. Then immediately cut the remainder the moment 18.25 broke. The rebound did look close but never happened – only visible on the 1 min chart.

Played this like a beauty and so proud of this trade. Let’s keep doing this for the rest of February.

Peace!

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Bottom Bounce · Daily Report

#81 – Challenge Accepted

Trades: 6
Accuracy: 33%

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Super tough fought day. Had six trades!

AMRN: 

This sucker just did not work and I hit the sell button twice. Hence I entered into a short. Got out – Well shit does happen.

TEVA:

  1. As you can see in the chart above, this was interesting. First entry pre-market was a loss as LOD broke. Good exit and took quick losses.
  2. Re-entered on the first new high as the second support held. Good trade here and took profits on pops and even managed to top tick the candle.
  3. Re-entered again for the pullback – rushed this a bit as it did not make a new high yet, even though the ask was showing a new high. Got stopped out.
  4. Played the pullback for a second time. This time it worked. I did not pussy out on size and sold at pops. This sucker took hours to build up and it was a pain waiting this out. It was the longest time I have been in a position for. Definitely a good learning point.

Walked off green today and I have to say the good trading outweighed the bad today. I was sincerely happy.

 

As you can see I forgot to take some screenshots and decided to post part of me account statement.

Bottom Bounce · Daily Report

#80 – The January Slaughter continues

Trades: 1
Accuracy: 0%

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Was eyeing two stocks today and this one provided a nice pullback opportunity. I am proud of this trade. It just did not work. I did not chase. I got in with good size and made an entry only after pullback confirmation and finally exited only as my support broke and minimized my losses significantly. Truthfully its a happy loss here.

I am down bad this month but only because of poor trading in the beginning. Its a long journey and I have accepted that. I have to just keep grinding.

Bottom Bounce · Daily Report

#78 – Sorrow fills my heart

Trades: 1
Accuracy: 0%

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My heart is filled with sorrow today. It seems like all my picks are failing me. The month continues to destroy me and my account continues to dwindle. It feels inevitable that I bust and I am on the path to destruction. It was and upward pre-mark chart – one that has huge potential in my statistics and I was excited to play it. Maybe too excited. I forgot some of my patience and took too large size on this. It’s sad but today really hurts as my account reaches all new lows.

Bottom Bounce · Daily Report

#77 – The Painful Month Continues

Trades: 1
Accuracy: 0%

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Super swift. You can see a print went of at .78 but there was no chance for me to catch that. Then support broke and there was slippage. Got killed that as I was risking about 6 cents but 11 off in total.

Its painful but it just did not work.

Bottom Bounce · Daily Report

#76 – Worn out

Trades: 3
Accuracy: 67%
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Today was really good. I trusted and played the charts. The first trade I couldn’t get enough size on the opening pop because it didn’t offer a dip. That small win though prepared me for the size I took on later to play the pullback. The pullback play was justified and I took proper size and got out quick the moment support broke. It was a strenuous trade but I rode it out.

Third trade was a fantastic one. Played the pullback after support seemed to be holding – plus a good ascending wedge was building up. The problem? Small size. I clearly did not size correctly and took too small a size for a set up like that. It ended me green on the day but marginally red after commissions.

Gotta work on keeping that consistent size going forward. 

Bottom Bounce · Daily Report

#75 – A Good Loss

Trades: 1
Accuracy: 0%
Executions: 7
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It’s been a while since I had a good lose but I am proud of this one. Played this correctly and resize along to way to manage risk well. Took off a little in the early spike and was waiting for a larger one. That failed and then added in again to play off the new bottom of 17.30 for a bounce. Took off again the moment support broke.

Proud of my conviction in this one. Played it cool and did not helter skelter.