Intraday Trading: +$537. Have a pretty bad cold at the moment so only traded half the day. Probably do the same again tomorrow. Much better day today, it is pretty visible in the accuracy of trades.
Positives:
(1) Much better with entry selection. This was particularly helpful with IBM where waiting for significant pop on the open stopped me from being stopped out (although I was nearly stopped).
(2) For the most part used size to my advantage. Added to winners etc.
(3) Bit more selective about my trades as well. A lot more patience.
Negatives:
(1) Unsure if this was a mistake or not but could have had much better entries on DUST and LXK by buying a couple of cents from the low (instead of anticipating?) i.e. potentially still work to do on entry selection. I think the key point here is that both DUST and LXK were both very weak and I jumped on board long a little quickly; where because they were weak I needed to be more patient for entry.
(2) Gave back too much on DUST (was up $400 locked in) but got a full position size where it should have been starter.
(3) Had a very small position on ANAC and got greedy on my cover, where I should have been looking to cover early because it was a small position. This caused me to cover where I should have been re-shorting and miss out on locking in an additional ~150.
Swing Trades: +$575.One very obvious mistake here. I should have managed some AXPW and looked to rebuy it lower when I was up decently on it.
Really solid swing trading again today though. The idea to increase long exposure to FIT is excellent (and clearly already working).
Narrowly avoided adding to MCPIQ further before it spiked in the morning. Will look to offload into a push and reload lower again. Trade working exactly as expected so I should be looking to increase my exposure.
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