Wednesday, 9 September 2015

Trading Review: 09-08-2015







Main Account: +$1144.

Back Account: +$460.

Am posting this review a day late... Got lazy... Funny thing is that I repeated the same mistakes (which maybe I would have learnt from had I done the review on time? Probably not though to be fair). So anyway it calls for a going through of methodology/what's going wrong just to stamp it in the butt.

Today was a really poor day overall. Should have made at least an extra $1000 but was bag-holding positions that I went full size in far too early. One of these was accidental (but I didn't correct it immediately) and the other was a lack of patience.

I think the first thing to realise is that my patience has got a lot better and the mistake partially arises from not cementing a proper plan/methodology in my head. This is why I want to go through and outline exactly how most of my plans on the open work (aka the ones recently that have given me trouble); and then I will print it and ensure it is in my head for the coming weeks.

The trading on the back account on NSPH was perfect. Especially considering the fact that it wasn't a perfect setup for me, but executed on it really well and added to a winner.

The trading on THRX was really bad. Arguably the second trade was okay (definitely a lot better). (1) Put size on all at once. (2) Didn't have the patience to wait for the price I wanted (which it actually went to and provided a nice initial entry!)

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