Intraday Trading: -$1088. Not much intraday trading this week. Had a few funding issues, waiting for money to clear.
Goal for coming week is to hit the +$100 target each day, and call it a day after that. Create a buffer of profit, before sizing up. If I can do it this week, then I will up to $150 the week after, then $200. While it doesn't quite make sense to set monetary targets, such small targets should be easily achieveable, and after getting some solid consistency for a while I will pull myself out of the psychological pitfall that I'm falling into. The good thing is, that I'm not limited to tiny size on really good setups because I'm not limiting my profit target on swings/back account.
Swing Trades: -$749. It seems like my swing trades have been slowly grinding against me. Recently quite a few of my positions have been options, so I guess that sort of makes sense! Really need to get to my bread and butter of getting swing shorts on hyped up stocks, hence why I took the PSTR short with reasonable size.
Recently I have been following the hyped up stocks, but then beginning to ignore them when they lose favour, which is when shorts become easily available, and the high probability trades begin.
From this perspective, something like VLTC should be a really nice swing short soon. While CRMD and ADXS I should be looking to short pops from here on out. Remember that with VLTC just leave orders in, and they will be filled when shorts become available.
Back Account: -$1743. Was only one trade that ended up setting up in the back account this week (ADXS) and one spontaneous bad trade (WUBA). For all of the week I didn't have access to the shorts that I usually do with this account which was frustrating because there were some really nice setups that I probably would have crushed. And then some ones which I may have had trouble with (VLTC).
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