Intraday Trades: -$321 for the day. Overall a really unfocused day because I was extremely tired from trading the SPI session the prior day, but also because I was a little unmotivated from the stupid losses on the SPI yesterday. That being said it probably was a reasonable day overall given that there was little opportunity out there, and I lost on everything I traded but kept the losses in check.
To be fair there was some opportunity out there, but with my lack of energy I'm really glad I didn't force anything.
INWK: Initial drive and held near the highs. I had a decent position size in this so quite happy with size of loss.
Looking at it in stoploss was a tiny bit tight and would have been roughly breakeven overall if I had positioned appropriately.
One comment here is how far the stock had gone on the day, this is an indication to be more cautious given that I'm not familiar with the stock.
KING: I'm super happy with how I managed this trade. KING gapped up proceeded to sell-off. Coming into the close I was looking to join the downtrend. I wasn't looking for the long (despite the perking up) because holding near the lows in the afternoon usually isn't a nice reversal pattern, without an external catalyst.
Now I got short, which was a bit of an impatient chase (could have saved myself a little by getting better entry), but then I noticed it was holding and failing to breakdown (it should have got weaker as time went on), so at about 3:30-3:45 I cut the position.
SGNL: Bought into the first support zone from the spike. Now it's not that bad trade, and you can see it kinda worked, but the stock was up too much and had it's blowoff top. I have a tendency to get overtrade the long side when I don't have shorts, so that's something I'll have to work on.
ES: With the S&P500 gapping above it's all time high and holding after the morning shuffle I got long (reasonably heavy). I managed 1/3 of the position before being stopped out on that midday downmove. Naturally that was a fakeout and was the max pain area. I have to keep reminding myself that "S&P500 leaves no stops untouched", although this goes for a lot of instruments. And so the max pain area (i.e. a wick through the level) is the spot to load up large because of the excellent RR.
My thesis when trading the ES today was that holding above all time high it would have a trend day upwards and close at the highs. Naturally this is what happened, but it was 10x tougher than I had hoped.
Good position management coming out with a slight loss on 3 contracts. But bit disappointing to see it close at the high after that.
Swing Trades: -$66 for the day. Just didn't touch it. Will look to add to PSTR at some point in the future if it continues to rally.
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