Thursday, 6 August 2015

Trading Review: 08-05-2015













Main Account: +$540. Really really solid day. Met target very early and took most positions off. CYH and one NFLX trade were taken on top of that once I had finished. Little bit greedy, and some positions were a bit bigger than they should have been but 10x better than yesterday. However, one thing of note. The positions taken after I met my goal were small and I had a much much better mindset taking them. AKA I knew I didn't want to give any back so used small positions and good setups.

Positives for the day:
(1) Met target!
(2) Really solid execution, patience, and sizing can see even the trade ideas which turned out to be duds were still profitable.
(3) Two best trade ideas (AAPL, NFLX) off the open were both fades and were much better  ideas and executed than fading AAPL the prior day.

Negatives for the day:
(1) Wasn't quite prepared for the NFLX parabolic and how far it could go (even though it went 1 ATR as exactly outlined in a possible scenario), and so ended up with a worse average than I wanted.
(2) Took a little too much size on AAPL/NFLX. Partially because they went further than expected (for some reason).
(3) NFLX and AAPL could have been massive trades if managed a little better. They both went about $2 from where I got flat.

Good news is that I'm not particularly concerned about those negatives and I got the execution, sizing and patience good today which is my target.

Back Account: +$538. This is the AVXL trade. I deliberately oversized it like I would in my back account; but I don't have access to OTCs on my back account so the deliberate oversize has to go in main account. Not a habit I want to get in though. All oversized trades should go in back account.

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