Wednesday, 22 July 2015

Trading Review: 07-22-15






















Intraday Trading: -$1291. Overall gave away too much profit for the day. However, it should be noted that I experienced about $400 slippage on getting stopped on my oil trade. I was unaware there was numbers coming out. This isn't usually a mistake I make, so happy enough about it.

XOMA should have been a really big trade with adds etc but didn't take it because lost too much money on XOMA premarket, and had oil trade on (so margin was in commodities account). Similar with LOCK.

Positives: Not a huge amount of positives for the day except that I pulled off the usual market gap down day trades pretty well!

Negatives:
(1) Didn't get the right mix between starting small with wide stop-loss and then getting adds and trailing.
(2) Had a misunderstanding of forces behind DUST. Could have been a really big trade on the short side, plus had I realised sooner I could have joined the trend quicker. Could have been quite a decent trade.
(3) Took a decent loss on XOMA on a $1 play because was trying to hard to hold for flush of $1...

For tomorrow, really focus on getting the right entry and balance between starting into a position, stop-loss and then adds.

Swing Trades: -$1080.

Back Account: -$402. This is just normal intraday trades. Wasn't any shorts here I didn't have access to on main account.

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