Intraday Trading: -$120. Again felt like a bit of a day risking 4 to make 1. It is for this exact reason that I need to continue on this smaller size goal, and lower the risk profile of the effort made to achieve the goal.
As discussed with Peter, the under-performance from a profit perspective, and risk perspective comes from trying an idea, and then by the time the high conviction setup occurs I have already given away quite a bit of money. I think this comes down to patience and fomo, and a slight lack of methodology. I just can't quite put my finger on what it is I'm lacking in the methodology aspect, to help out with the fomo and patience. I think using starter size will help as well.
SHAK: Joined the breakout. Was impatient about it though, could have easily executed for cheaper. Took half overnight as it's a great bigger picture setup. Weak open r/g setup for tomorrow.
AMPE: Was a classic gap down and look for bounce. Looking back at the trades; this is a prime example of the issue of was having with the fomo and patience. Ensuring using starter size into a wash, and then when it started trending/had higher conviction in bottoming process gets some adds.
HAS: Was really really patience with this so quite happy. Waited for the clear character change on the m5 after the 4ATR move. Narrowly avoided some management. Interestingly, I entered on a pop back to near hod, stop above. Adding at the hod would have yielded a seriously good RR entry and I would have been able to manage.
Swing Trades: -$950. Nasty day on the swings. Was up quite decent on CRMD, and planned to add into pop. Thing is, while I'm not trading well I really need these swings to be in a different account. When you're trying to trade consistently intraday for +$100 and you have swings this size it messes with you. So the question is, what to do now? I could liquidate them and not take on any swing positions until I achieve the consistency I'm desiring, but as I've gone through before, I am better at swing trading... So I still haven't worked this one out!
I think something like GENE, VLTC, DGLY, or LAKE it is silly to stay away from swinging short big size, but something that's not behaving and/or illiquid (like ADXS, CRMD, PSTR)... But seeing as I'm already in the positions better off following the plans (but not adding).
Back Account (realised): -$2616. Was having buying power issues in main account (because I was long something in Australia overnight) and it messed with USD buying power. So had a couple of smaller size trades which were relatively negligible. The big loser was VLTC. This stocks current personality is to fail breakouts and every time it looks weak to hold/wick through. So as it broke out on high volume I was aware of this and waited and waited until it was holding. Then naturally it fell to the trendline and that was the bottom.
Got long some overnight (up about +$600 unrealised).
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