Wednesday, 20 January 2016

Trading Review: 01-20-2016






Main Account: +$230. Not too happy with the days trading. Was all good apart from ZFGN. Was down nearly max draw-down on it at one point. I stuck to sizing rules, but ignored guidelines for how to manage size (i.e. only a max of 2/5s into parabolic, and even then have a stop). If I hadn't ignored these guidelines, it was picture perfect and I would have added size once it turned near the top and caught a massive move. Will have to do a play-book review on this trade to reinforce how it should have been traded.
All this being said, I stuck to max sizing rules so damage was controlled more than it otherwise could have been.

This is another day that I left a tonne on the table (ignoring the money left on table from ZFGN) as there was plenty of volatility later in the day. But again, until I am consistently earning the $200 I will be calling the day short.

One trade I am really happy with is WYNN. I started in, and noticed the bounce failing along with SPY, so got out of the starter position.

SRPT was quite lucky, I closed short (was full size) because I had met goals for day and it rallied after that.

Back Account: +$849. Again stuck to niche, nice to have two trades pop up two days in a row. Today's one was somewhat illiquid and I narrowly missed covers at the morning lows and had to ride it back up to near the highs before covering on the down-move. A shame because it would have been a chance to rinse and repeat (but they did limit leverage on it so not sure if I could have or not).

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