Monday, 7 September 2015
Trading Review: 09-04-2015
Main Account: +$769.
Overall a pretty neutral day excluding AMBA. The thing I am really happy with AMBA on is that when it displayed relative strength to the market I added to position. A really solid trade, and caught most of the move.
VNCE and JOY actually provided opportunities again so I should have revisited and that would have easily made up for the losses experienced in those stocks. I was sized in on VNCE so that's a reasonable loss considering.
UVXY I made money shorting it, despite it going up all day - so that's really solid. I tried to reverse it and go long but was stopped out and missed a really really decent trend.
I think probably the key takeaway from today is two things:
(1) There's a difference between flexibility in bias and reversing position immediately. On UVXY when I reversed my bias it didn't mean that I needed to jump in straight away.
(2) Revisit ideas if the idea still makes sense. E.G. VNCE never breached it's high and started moving down. E.G. JOY did negate short bias by a BIG pop, but then it rolled over and provided a good short opportunity.
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