Intraday Trading: -$374 for the day. Lack of patience/discipline creeping back in. Main culprit was obviously NVGN where I hit the offer for way way too large size and b/o failed (which kinda makes sense given size of morning move), and then didn't cut losses quick enough. But the other culprit was LL. I did a good job of fading the original move down (which was an exceedingly difficult play), lost a little bit of money there, but then as it held lower I chased the short with too wider stoploss, had I not chased I would have been able to rinse and repeat twice locking in about an extra $200-$300. Took the midday period off after the morning NVGN loss, which obviously helped out my enormous profits on my 100 share positions. Summary: Getting a little reckless I think as a result of the big win on the ASX, need to tone that back.
MDBX: Long a tonne overnight on first day up, good volume, and really beat chart. Will offload half into any morning spike/gap or failure to spike. Initially longed on the gearing up to the highs and added on the afternoon b/o (which didn't go so well). Probably a little heavy, but $2.20ish was a nice b/o level and has held a higher low recently.
BIOC: Shorted the morning pop quite heavily. I hadn't anticipated it could go so high, but had max pain zone pretty spot on, then held throughout the day, should have probably managed the position a little bit sooner, but always intended to swing it. Holding half the position overnight and will add on any pops. Should be back to $2.80ish pretty soon. Thinking about it, the perking r/g action on high volume was probably the signal that it could go reasonably high. Either way I got it pretty spot on.
LL: Tried the long against $40 on the open and was stopped at the low... This keeps happening! Again, need more work on exploiting this. Already alluded to this. Managed the fade trade quite well, although it certainly wasn't an amazing situation to fade. Was too large on it as well. Then shorted the breakdown, but it was a chase, when I should have shorted the retracement to failure area (playbook play from yesterday). This patient approach would have yielded a >3R trade instead of 0.5R, and would have allowed management at ~2R twice.
CYCC: Was just a basic long into the $1 secondary support. Got a little bounce and scaled out. Good trade, never got the level I wanted. Was scaling in towards $1, with ultimate average going to be about $1.03, so this could have been a big winner if got the prices. Good trading!
ZIOP: Bidded down by support on the open, and got it only small. Then because I was taking the middle of the day off I help the small position and worked out nicely! Stopped on trendline break. The prior close was around $12.50, and there was an opportunity to add here if I had been trading.
OREX: Absolutely nailed this one. Gapped up and thought process was that it should hold the $7.80 level which was the multi time-frame breakout level, plus it was only the first day yesterday. Once the $7.80 held join the trend, managed multiple times and re-entered, then held with trailing stoploss. Great trade!!!
CAPN: Picked up 100 shares of this right at the lows!! Then just held the day. Obviously spots I could have added, and this could have been a massive trade if I had been trading throughout the day. Great trade!
NVGN: Obviously this was the massive lapse in discipline for the day. Chased the b/o after up so much, and weak trading behaviour in Aussie. Didn't stopout soon enough either (stop should have been about $0.20 higher). These mistakes arise from the recklessness from a big trade, but also from greed AND hope (once I'm in the big position and realise mistake, which I did realise, I don't get rid of it straight away). Something to work on.
BABA: Tried to short into yesterdays highs. Was contemplating taking the long into the gap down to $80 but didn't. Crazy stuff! Now I probably could have considered the long on this stock once the trend confirmed (there were some spots), but really happy I stayed away on the short side after the initial attempt, once it go over $83 it went into grind mode which is simply too difficult to short.
Swing Trades: -$121 for the day. It doesn't show on yesterday review but I established a long 100 share CRM position after hours... Gapped down with an opening drive lower, cut losses well. EYES I intraday traded it a little bit into pops very well and rinsed and repeated a couple of times but then decided to can it after it was holding. I still think it's toast, but just not worth the trouble.
ASX Stocks: Very very silly trade on the ASX. Shouldn't have even been looking at this trade, but was just greed attempting to go back and repeat the prior day. Very very good lesson here, about staying away and only taking the obvious trades. Not even worth posting the chart.
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