Friday, 11 September 2015
Trading Review: 09-10-2015
Main Account: +$214. Really really solid start to the day, was never really at risk of losing any more than $200-$400 on the open and was up about $1300 across NFLX, VTAE and LULU. Gave back a little bit via stops (which is okay) and then a bit more trying similar positions.
But the big one was MBLY. So I decided I would push the size on it because it was a premium setup that made a lot of sense... That's fine! Then after I had sized I added about another 4/5s of position which basically made to too big. I only lost about 20-30c on the position and that amounted to a little over $500 loss.
Later in the day was a really good opportunity on ZSPH. I was patient for prices I wanted and missed which is fine... But there was plenty of opportunity in ZSPH and could have easily revisited.
Then went a little on tilt and traded MBLY end of day on a good setup with too much size. Actually ended up making a little back but it was real silly stuff when I had already decided I was done for the day.
To sum up... I am crushing the open and giving quite a lot back midday. Sure sometimes I make some money midday but not really worth the effort unless a really good setup like ZSPH with plenty of potential volatility. The other comment is that things that have done exactly what expected on the open I probably should keep some on for them because likely to continue to have a good read. That and stocks with fresh news, and catalyst flow. Rather than say a nice stock to trade (like NFLX, GPRO) but with no fresh catalysts; these need to be mean reversion trades midday.
Back Account: +$1057. Traded VTAE pretty well on back account. Ended up getting stopped on a full position size and still made money, so pretty good!
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