Friday, 14 August 2015

Trading Review: 08-13-2015







Main Account: -$383. Note that the SHAK realised loss is how much was lost on SHAK.

Back Account: +$5350.

Absolutely crushed EBIO on the exact same setup that CERE had the prior day, except that EBIO isn't really low float so that was really good. I would give my execution on EBIO about a 8/10. I did better at waiting to initiate the position... But once I decided to initiate it I was in a bit of a rush, whereas adding to a winner (over time as risk become better defined) would have been a lot less risky.
The other comment about EBIO was that I picked my level to add to position (below $5.70) just like on CERE and I was looking add another 8000 shares (so substantial amount) but it dropped out extremely quickly and I missed the add. Where CERE gave quite a nice/classic retest and fail EBIO dropped out too hard and only have a very small bounce (but didn't come back up on retest), I think given the unrealised profit that I was up I could have justified chasing that down. Given the conviciton and unrealised profit it's a lot different to my chase entries on AQXP for example.

Aside from EBIO pretty obvious that trading the size has got to me. AQXP and ITEK were not high conviction setups; however they were worth establishing a starter position to add later. Likewise with the accuracy in the main account. A lot of the ideas would have worked with patience and discipline with execution and picking prices. E.G. SHAK better patience on waiting for flush (that I was aware it would flush as well) would/could have caught a $1 bounce instead of stopping). Many of them would have worked if more picky and not so jumpy.

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