Monday, 24 August 2015
Trading Review: 08-24-2015
Main Account: +$12945.
Absolutely crazy day. Will remember this for quite a while because I haven't really experienced market volatility like this before. (I was trading forex part time as an amateur during the flash crash but I don't think that counts).
Really solid reads all day. Except on WBA where I didn't reverse my short to long, and thus missed a solid rally. Am really happy with this, because not being accustomed to the volatility; but knowing that I had to be prepared to trade aggressively, I was a bit concerned about pushing it.
Massive massive mistake today, that I will never repeat as long as I live. I counter trend traded the SPY (via ES) while it was limit down. As a result when the market open it gapped hugely against me and I missed a lot of opportunity. I couldn't add (because it moved so far down and i was in too large). As a result I missed about $7k being long ES, and missed an easy 10 point fade on UVXY that I had been planning to trade with 500 shares.
Towards the end of the day I was getting pretty sloppy, but there was still solid opportunty on UVXY; but recognised the sloppiness and opted to close down. I am a bit annoyed about the sloppiness; basically I wasn't be patient enough for entries and was going full size too quick. Basically the usual mistakes that I struggle with!
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