Main Account (Intraday): +$634. Pretty solid day overall but as the day wore on lost a little bit of selectivity and lost my psychological edge so I gave a little back via AET.
Market gapped down quite a bit so was a standard day of looking to pick up strong stocks on gap downs. Missed a tonne of trades again but as usual I am okay with this as it's not something I want to work on at this stage.
Much better accuracy today overall. Especially when you consider that AET and AMBA was undisciplined trading, and I was unlucky to be unprofitable on BLUE.
YOKU: I was a bit unlucky with this, I only got 50 shares, when I wanted about about 200-400! Trade idea was really solid, to be fair I probably should have been more aggressive in chasing it... But I was a bit slow to realise that I should have had higher conviction in the trade idea.
The trade idea was that YOKU was in a strong uptrend but had double toped and formed a 2 week range, today gapped below range floor and trade idea was to short the rejection from that range. Now the key here is that there was news to spark it... BABA launching a netflix type service (YOKU is "the netflix of china") so that's what turns it into a really high conviction trade.
POZN: Same idea as the pickup strong stocks on gap down except that I didn't have high conviction in it until it started forming the appropriate setup. So I bought around midday and sold into resulting spike.
OCN: Love the daily setup on this for a breakout over $11-$11.50, so I tried buying the dip. Tried it twice and didn't work. Interestingly I was stopped at the low both times so perhaps I could have gone a bit easier with my scaling in, and tried scaling in lower. While the trade still wouldn't have worked I wouldn't have lost as much money.
Either way for now it has been rejected from $11.
HRTX: Had exactly the right idea on this stock. Picked it up into support on the gap down and sold most into pop keeping 1/4 for a bigger move. The bigger move came but I tried to add on a breakout and was stopped on my trailed stoploss. A shame because it could have been quite a bit trade on net.
HQCL: This gapped down on it doing a reverse split which is just madness so I was looking for a squeeze. Had one undisciplined chase on it and then a good trade in the afternoon.
HIMX: Shorted as it found resistance at r/g. Tight stop, covered quickly as it wasn't working.
FOLD: Had a successful secondary so was looking to pick it up into support. Didn't really pop how I liked so ended up selling the rest (after initial risk cover).
BLUE: This was a classic buy the rumour sell the news setup that I completely donked out on. Could have caught at least a $10 move!
Began looking for the bounce using 178 and 175 as a guide. Still wasn't too sure if it was going to bounce... But had the right idea! Didn't take it off 175 unfortunately.
AXPW: Obviously trade of the day. Absolutely massive move!
Main Account (Swing): +$568.
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