Main Account: +$801.
Pretty solid day, and am very happy given that I want to be trying to string together consistency. There were a bunch of plays missed and/or underperformed on... But like I say that's okay because it's the consistency that's really important at this stage.
IBM - Was one of those typical midday news reaction trades. Ended up pulling back and stopping me out, but managed to trade around a core somewhat and lock some in before eventual stop-out. My eventual stop-out was a fakeout, but I am okay with that because not only was price telling me I was wrong, but also time (being a bit over 30 minutes from initial news).
QUNR - A really nice short on this parabolic (on the second lower high) stuff. Was a bit oversized though, and didn't get the size off quick enough. Was up about 400-500 at the peak, where I should have been downsizing. As is pretty usual with these short parabolic plays it pulled back to a zone where it began holding. It took a long time to bounce off that zone, but that was the spot where there is no longer a huge edge to have size short.
Gave the trade one more go, which lost about $100 on.
GRUB - Crazy play! Was a pretty typical gap down, then reclaim vwap and trend higher type trade. With the focus on consistency I took sales into the highs and didn't really revisist. It broke through the highs and went another couple of dollars which was a really shame. Really good job selling into the highs. Two things I should/could have done better was getting long more size after it confirmed the hold of vwap (I could have risked around 10c on size, rather than 30c on my position that I had), then sell into the highs. As it retested the highs over and over again that was the signal to re-establish for the b/o and then add on b/o, hence catching the eventual big move.
There was one more trade on GRUB and that was shorting into premarket resistance which it flew through in quick parabolic manner. This was a poor trade. You can't really use stop-losses when shorting parabolic, and if I was to use the stop-loss then I needed to revisit the trade idea. Was a really nice fader off the highs.
HLF - A nice setup and really good example of adding size over time... I added as it was going down and I could trail my stop-loss. Had about 400 shares with a risk of about 10c so that's really nice! Unfortunately covered them all about an hour before a $1-$1.50 pull but that's okay it felt like the trade simply wasn't working enough.
SRPT - Bought in anticipation of the bounce/breakout but didn't come. Probably not the greatest trade idea in the world, in hindsight. Should have been more patient.
HA - This was too much of a chase and didn't lock any in.
BIDU - Took the short in yesterdays high with a stop above and was easily stopped. Then revisited the trade when it peaked out. Solid trading.
FB - Was unfortunately stopped at the lows. I had stop-loss 20c (10% ATR) below support so I think this was just somewhat unlucky. Given it was the open, and I always try my best not to take stops on the open I possibily could have had the stop-loss a little wider.
NUGT - A really nice trade off the break of midday consolidation/triangle. Managed to get some size on it with low risk, and covered remaining half when it wasn't working. Never had any follow through so this is a decent winner given the tiny magnitude of the move.
BABA - Really happy with the way I traded this... But could have stuck with the idea and got even more size on it. One thing I'm super super happy about on this trade is recognising the levels as they changed intraday. As it began peaking out at 81.50 within a downtrend, I was patient and put a limit order to short at 81.35 with a stop 81.56 and shorted size there. This was a really really good trade and netted about 10R.
The thing I could have done better was adding back on new lows etc, but overall happy.
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