Remember how I was hoping for that big smile. Well it never came.
- Wins were on average bigger than losses
- P&L was close to break even
- Took small number of trades
- Accuracy is still terrible
- Made a few chases in this set
- Set 4 and Set 2 look about in P&L terms – one step back and one step forward. So back to square one in a way
Writing this was a bit tough. Up until yesterday I was actually green on P&L but red on net. That would have been nice to report about today. At least it would have been progress. Today, the story is different after two losing trades. I am sure every trader who made it at some point questioned the journey. None of them quit though so that’s probably what I am going to do. I just got to do more watching and less trading.
Today was harsh to say the least. I feel drained after losing my fourth consecutive trade. They were not chases like the last two but certainly sad.
HDSN was a classic set up of mine. Been doing decent at em recently until I messed this one up. I got shaken out at a quick dip below support. Really is hard to see a stock do exactly what you expected but not make money.
CLSN isn’t up there but I saw it making a reversal round about the 4.9 pivot point and I put an order in for 5.02. I did not get filled and it shot up to round about 5.45. Another painful one. Got over that quick though
RGSE was also painful. My emotions were running high by now with arguably two failed trades. Got in at support at about 2.35. I sized in this one expecting the reversal which I had been seeing happening to upward trending stocks. Of course, the one I play correctly does not work.
I must say its tiresome to keep losing. I also end my next set of 10 day analytics in the gutter. With 40% accuracy and around -20 on P&L and -200 on NET P&L. Heartbreaking really but I went in this for the long hall.
Rushed in today again with another chase. Got to get back up to standard. Seriously. Thank god loss was manageable. There was no pattern! Till tomorrow.
The hardest part about trading is the fact that its so easy to be a fall. Money is such a great motivator but it traps you easy. I took a C quality set-up really and convinced myself it would reverse. Losing the trade was not what sucked, taking the trade is what I’m mad at myself about.
Having said that, lucky some sense kicked in quick and resulted in a dent at max. This goes down again as yet another chase.
All I can say is phew!
Tried to do a quick scalp on a dip buy. 5 min chart was showing 6-7 red candles and I figured it was push up a little. It did, but way too little! So got out quick here – 400 shares and took two exits in half pieces.
Alright, a half smile on me face today. Much to learn and much to improve but played this according to my tracking. Took some off real quick and then more at 15. Nice bottom bounce play.
To more good days. Salut!
Bottom bounce again. Sold way way too early but that is because my platform crashed and I couldn’t access it through my computer. Used my phone to get out as quickly as possible. I think this will go up to around 14.5 before it starts to fade off the day.
Its frustrating when your good picks kick you in the balls. But hey at least I recovered yesterday. Also starting to like this bounces.