Intraday Trading: +$666. Some really solid trading for the day. However, there were a couple of slipups which are outlined below.
First the positives:
- Today I really felt like I had an edge in my setups in terms of probability of success and risk-reward. Unlike the past couple of days.
- Had very few setups coming into the open that I liked but managed to nail some good trades by setting alerts etc.
- Was completely wrong in direction on FIT but made money shorting it. Excellent execution!
Now the slipups/negatives:
- Oversized (accidentally but didn't correct the moment I realised it) on JUNO and was a chase as well.
- After locking in approximately $1k on JUNO I tried a long setup with similar size, with the rationale being that I had already locked in profit on the stock. This is wrong given that I hadn't intended for it to be that way. Bad trading breeds bad trading...
- Didn't really capture the full move on XIV. Similar to yesterday I covered some immediately (as is always my plan) but then failed to hold a little for the real (expected) move. It went more or less straight down another $2 after I covered my last short in the morning. Similar when I got long after the double bottom I sold entire position into first pop and it moved another $1.50!
Swing Trades: +$51.
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