Intraday Trading: +$107. Well I achieved my $100 goal, but overall it really felt like a "risk 4 to make 1 day". Which is annoying... But realistically it's a sign that I should continue to try and achieve the smaller goal consistently before expanding.
After the WUBA loss on back account right on the open I brought the frustration to my main account on WUBA and also traded it badly (with smaller size) there.
SHAK: Made the same mistake I made the previous day. Scaling in too earlier, and as a result it didn't make sense from a RR standpoint to sell into $61. Need to be sure to pick my spots better and scale in at a tighter range. Would have been a really solid trade if I had picked my spot better.
Sold when I met $100 target for the day which was roughly midday when it started grinding down. Again, it flushed through the $60 level (this time a little less) so looks to be setting up nicely for a squeeze.
WUBA: Was extremely volatile with a big spread on that huge opening move. Flipped to long as it was holding but was a chase and wicked out. Stayed away as much as I could after that, but got a nice short off as it was over/under vwap around 11am. Covered far too quickly around $68, but then waited patiently, wanted the opening print ($63) but there was some clear bottoming action so I tried the long there. Rebounded a lot more than expected! But I sold quickly as it was just a scalp against the downtrend.
ROSG: Pretty happy with the trade despite the loss. Was gearing up, after holding the gap all morning. One thing I would change about the trade is getting long closer to the gearing line, maybe half where I did, and half on better dip. One thing that I did a great job of was stopping out after bias was negated - despite not hitting my stoploss.
Swing Trades: +$188 (this screenshot isn't updated for the close).
Back Account: -$1743. Had the first slipup with this account. Basically I had a three high conviction trade all setup to trade heavily (and all worked funnily enough), so I was prepared to trade either one of these 3 if they setup as planned. So one of them (CHOP) ran out of shorts moments before the time came to short it. The second one I couldn't access on the charts for some stupid reason (NVIVD), and ADXS eventually set up later in the day.
So I was prepared for trading on the back account, and then WUBA popped up with a massive move, and for some reason I just shorted it aggressively. There was a moment when it was at roughly breakeven and I "sort of" knew I had made a mistake jumping in and shorting it. I need to get better at doing what I should do (aka in this case acknowledging mistake and cutting out once mistake identified).
WUBA: As aforementioned was a horrible trade... No more need to be said on that I think.
ADXS: $20 was a key level that I wanted to short around, so I waited for confirmed failure at $20 and shorted around $19.50-$19.60 heavily. It came off about $1 but I never covered anything. Ended up covering eod for about +10c. Was a great patient entry, but just horrible trade management.
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