Friday, 4 September 2015
Trading Review: 09-03-2015
Main Account: -$214. For some reason this was a hard hit. Probably the hardest $200 I've ever lost. I think part of the reason is that I was trading really well, with really solid accuracy, then gave back quite a bit on UVXY (drew-down 500), LCI (300). Then made a couple of poor trades (KBIO, GBSN) to bring it to the total.
Overall am actually pretty happy with the day, when I reflect on it in hindsight, was more that at the time the hit was bad psychologically. Think I was just getting a bit fatigued.
Note that KBIO was the result of two trades, one that worked and one that didn't. Both similar trade sizes so you can se the risk-reward just wasn't good!
Probably the biggest factor for me to note here is that I have repeated drawn-down somewhat through the day so I need to limit the trades made after the open, and very reluctantly change biases. Look for support/resistance plays off levels (but not breaks of the levels), rather than momentum plays (unless there's some para etc).
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