Main Account: +$1246.
Aside from VRX I traded extremely well; then on the flipside I traded VRX really poorly! Problem is to be added to the list of hard rules... Except the problem is that it requires a lot of on the spot decision making which doesn't really apply well to a list.
What happened with VRX was that it was behaving perfectly so I sized in... But it just wasn't a time to size in. Sizing in when it's not appropriate just isn't good. In this case my first entry 116.80 (which was a bit of a chase because I missed entry in 115s, but that's okay cause it was chase size), but then I ended up with an average of around 118.50ish with adds... So when the breakout over previous high failed high (119) I wasn't in the proper position to take any off. Basically need to look after average. IF I had sold into prior high and then looked to revisit and add back (maybe even larger) on proper price action. I actually nailed the way you should be trying to get size on NFLX so I will definitely have a solid review of that. It wasn't on the open so I had a lot more time to get it right, but was very patient.
But I think the general jist is that there was a bit too much performance pressure, despite it being a solid setup there was nothing locked in and ended up top heavy despite the trade original working.
So the hard rule is that a trade has to prove itself over time and over price in order to get adds.
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