Daily Report · Top Reversal

#79 – First Top Reversal Trade

Trades: 1
Accuracy: 100%
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Kind of traded this sucker twice. The first failed and I got out near the peak. Recognising my early entry and my inability to bear with such a big loss initially, I took another shot at the beast with an entry on the down side. Great one there and I grinded through the pullback. Have been tracking this set-up for a while and happy that the first trade on this is a positive. Obviously took super small size because I am just learning this.

 

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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.

Weekly Recap

Weekly Recap #7

Takeaways this week-

Good:

  • I played the charts better this week and did not anticipate. I am slowly getting my confidence back after some follies in the first two weeks of trading.

 

Bad:

  • Size! I have been altering size a little too much. Getting scared after losses and playing my P&L. Such a bad strategy! I should just keep my size confident and play the charts accordingly!
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.

Bottom Bounce · Daily Report

#74 – Took the meat

Trades: 2
Accuracy: 50%

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Trade 1:

Good trade, it wasn’t wise to take the opening pop as the chart did not sit well. Waited for open to play out and then took the predictable pullback. Took off into nice pops and managed risk well. Played the 1 min as this guy was a volatile sucker with such a clean one min chart. It felt right to play the one minute pullback.

 

Trade 2:

This was a dumb trade. I only play the first pullback so I do not know why I jumped into this. Obviously what I had initially hoped for happened eventually but that does not justify the trade. I got out before potential disaster struck and took a tiny loss here.

 

At the moment this dude right here is probably playing out the clean 5 min pullback but I do not know how I feel about playing a 1 min first and then playing the 5 min. I am just not comfortable with that yet and do not have enough understanding of the markets to be confident enough to pull that off. So I am happily staying away.

 

Overall:

Good green day.