Friday, 8 May 2015
Trading Review: 05-07-2015
Intraday Trading: +$1888. Oil breaking below $60 was a confluence of a trendline break, and a nice level break so as it got below 60 I shorted and covered into 59s leaving one contract on for 56-57. Also I feel that sentiment has sufficiently changed so that people on net are now bullish. Completely missed the layup rollover midday unfortunately which would have given me a chance to lock in more profit and give myself better ability to withstand whips while holding for lower. Good trade.
Swing Trades: +$500.Volume on CELH all but gone, should see further downside to low 2s at some point.
Establish a new swing in YELP. Had a massive rally on the day because they're putting themselves up for sale (from 39.50-49 high, a lot of which was just a grind higher from about 42.50-49), so I established a put spread for next week. My holding time is only around a day or so, but established it in next weeks duration so that I don't lose entire premium to duration.
Back Account: -$8338. Running out of time and need to start preparing for the market open, but the general jist is that I was try to take too much size in less that ideal setups. Was up about 5k on some solid trading but gave back and then some. Have withdrawn account down to original size which should help pulling size back to normal.
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