Bottom Bounce · Daily Report

#116 – A big miss

Trades: 2
Accuracy: 100%

Screen Shot 2018-05-21 at 9.45.36 pmScreen Shot 2018-05-21 at 9.59.45 pmScreen Shot 2018-05-21 at 9.45.10 pm

Painful! I made two mistakes: I covered a little at 6 even though it was not according to plan and secondly I took profits way too early. This thing is trading at 5.13 as I speak!! Argh

Screen Shot 2018-05-21 at 9.45.18 pm

This one was also painful in two ways. I missed my add! I had my trigger at 5.25 but it only hit a high of 5.2. Then I figured I get out because I did not want to be stuck in a mess if it turned just for a few cents. Should have waited though be this is at 4.1 now!

Tough lessons today but I will continue to persevere and grow. At least it was a green day. I do have to talk about the good thing that I managed to do – cut my size down after my 5 losing streak last week.

Advertisements
Bottom Bounce · Daily Report

#115 – No.5

Trades: 1
Accuracy: 0%

Screen Shot 2018-05-17 at 10.26.57 pmScreen Shot 2018-05-17 at 10.26.48 pmScreen Shot 2018-05-17 at 10.26.21 pm

The bottom bounce! I was patient about my entry and actually got a decent fill. This thing then ripped to 13 without me. I decided to hold through the pullback. I had a good fill and really did not want to go for a small win. I knew these have the power to make a new high later. Unfortunately that never came and my 12.15 risk level broke. I got out with a scratch trade.

The untrained eye would say it was a bad day for me. Personally, I think I traded this well. The question about taking off into a pop has always been a hard one to answer. Other than that, I played right and I played according to plan. The best part is that I down sized today and it totally paid off. My loss was tiny.

10 Day Analytics · Daily Report · Top Reversal

#118 – The fourth loss

Trades: 2
Accuracy : 0%

Screen Shot 2018-05-16 at 11.05.23 pmScreen Shot 2018-05-16 at 11.05.08 pmScreen Shot 2018-05-16 at 11.04.45 pm

Initially no shorts available for BOOT or HEAR. Then the shorts opened up later. I missed the first move but I decided to go in for the bounces. Unfortunately, I could not crack the code on these. It worked for me initially but both of them started to step ladder up. I am sad I missed the move on both of these.

Now since this is my fourth loss, I gave back almost all my winnings last week. I will have to downsize in my next trade until I get my mojo back.

Daily Report · Top Reversal

#117 – Tuition fees

Trades: 2
Accuracy: 0%

Screen Shot 2018-05-10 at 10.16.12 pmScreen Shot 2018-05-10 at 10.15.59 pmScreen Shot 2018-05-10 at 10.15.50 pm

Paid my fees today and gave back some to the market.

HEAR was perfect loss cutting. It broke resistance within a few seconds of the open and I took it off ASAP. I got lucky that I filled below resistance. Took a small loss there and stayed away. This thing continued to then riiiip.

RUN was running down and then turned. So I added into the pop back up to 10.70 area. It fell a bit again and then popped up again where I re-added. It then slowly started to inch up higher. The grind and grind made me then cut my loss as soon as a previous high broke. (10.6)

Good day today and losses were not because of poor trade management. I am slightly happy about that.

Daily Report · Top Reversal

#116 – Another Grind out

Trades: 2
Accuracy: 100%

Screen Shot 2018-05-09 at 10.33.48 pmScreen Shot 2018-05-09 at 10.33.17 pmScreen Shot 2018-05-09 at 10.30.45 pm

Good intuition on this whippy whoopy sucker for sure. Knew this thing was volatile and risk was a little higher than usual – overhead resistance was limited. Took a portion off on the break and then the rest off as my risk level broke. I was quick on profits and on cutting the loss too. Really happy with this trade.

Screen Shot 2018-05-09 at 10.30.38 pm

Pretty decent play on GRPN too. Took some pre-market and stayed patient with it. This sucker started to pop and I remained as calm as I could by adding to my position according to plan. It did fail and I took profits. I am a little disappointed because I think I took the profit a little too quick. Should have let this play out a little more. In fact it is now trading at 5.20 after a 10min quick small bounce into resistance. Patience is truly something to work on here.

Daily Report · Top Reversal

#115 – Half Decent

Trades: 2
Accuracy: 100%

Screen Shot 2018-05-08 at 10.00.47 pmScreen Shot 2018-05-08 at 10.07.07 pm.pngScreen Shot 2018-05-08 at 10.01.03 pm

This was a good play mostly and I took it off into the second downward push. I stayed as patient as I could. The only trouble is that the chart did not give me a clear point to add. Happy with this trade overall though.

Screen Shot 2018-05-08 at 10.02.36 pm

This play turned out alright but I feel a bit sour for not being able to add. I was about to enter my order at the 1.95 bounce to pre-market support for the add but then it got rugged quickly and I did not want to chase. I also took it off a tad early. I guess I caught the meat of this thing.

Overall an above average day but still could be far better. Today I was also managing two positions at once and that was interesting. Worst thing that happened was that my computer froze right in the middle of trading. That was scaring but I tried to remain as calm as possible.

KEEP ON PUSHING!!

 

 

Daily Report · Top Reversal

#114 – Even Smaller cents

Screen Shot 2018-05-07 at 11.22.24 pmScreen Shot 2018-05-07 at 11.22.35 pmScreen Shot 2018-05-07 at 11.22.45 pm

Meh – Was a little gun shy on the pop and should have definitely added into my position earlier. Risk management was also a bit off because of that.