Back Account: +$663. A better day overall and positive so a step in the right direction, relieves stress a little. Still lacked patience though which is mostly illustrated by my premarket trade in AVGO (description below), but for the most part better.
Had some really solid ideas in the premarket and to a certain extent didn't execute on them, but pretty happy with missing them because I was being patient and waiting for good prices/setups.
Mistakes:
- Lack of patience.
- Not enough conviction in midday ideas. Not one of them really worked.
- Think I jumped on the size bandwagon on OHGI a little too quick and on a less than ideal setup.
Positives:
- Better patience after correcting the mistake premarket.
- Didn't take some less than ideal setups.
- Wasn't too put off after midday slump.
AVGO: Exactly like CHTR the other day. Literally the same play except that AVGO reported earnings premarket which complicated it a little bit.
So I was looking at it after it came off it's 149 high and put in a limit order for 147.87, I then decided to cancel it and short at current price which was around 146. This illustrates a clear lack of patience and would have been a killer trade had I got the better price. Getting the better price would have also enabled holding for a bit longer.
Was waiting for $135 for the long, didn't quite get there so bought on higher high and sold into 140. Good trade.
BOX: Started long with a view to add on breakout. A good stopout and controlled risk so relatively happy with trade.
GENE: Am long overnight, would have sold half into the close but wasn't there - had put in a stop order and left. Will sell in premarket. Really solid patient entry on this one and will look forward to crushing it short tomorrow.
GPRO: Just short scalps against the high. Solid scalps but nothing major.
OHGI: Did a good job of taking some off at slightly below first target when the offer was holding, and then did a solid job of recognising the stuff and closing trade out before the loss became larger.
But overall I just had too much size in this setup, there was no reason to add where I did because it was unlikely to have another big run.
Didn't have shorts on this, but would have crushed it short with size :(
Hindsight I probably should have been in that second wave from 4.50 to 5.50. The fake breakdown was the tell.
ONTY: This basically had a big fake breakdown - just doesn't want to die!
PTBI: Bit too much size, but low risk and wasn't chasing.
YOKU: One of my better ideas from premarket, look for bounce on this, was hoping for $25 as dream price but didn't get there so bought on higher low. Unfortunately it had a complex pullback and I was stopped at the low (stop should have been 10% of ATR below low). Difficult one to catch from conventional trading, but solid idea.
No comments:
Post a Comment