Main Account: +$785. Incredible day... The weirdest part is the magnitude of the winning day - you would think that I got greedy and increased position sizes to try and push it... But that wasn't the case. When I hit up $200 I was already in a 1/4 of NFLX position, and my other positions were working. Being concious of the fact that I usually get greedy I manipulated position sizes and stop-losses to ensure that I was unlikely to slip back below $200 - aka sized down a little and put in appropriate stop-losses.
Then when NFLX broke a super key level I was ready to add to position and covered into resulting (decent sized downtrend), and got a final cover at the low - which coincidentally was when I felt the greed starting to kick in.
Missed a bunch of trades today - but with the results I'm obviously very happy!
Best trade of the day was probably NHTC, where I was only in 1/5th of position size and it had a big washout on the open. Usually because it's only 1/5th I might not lock it in... Anyway it reversed back to opening highs (which provided a really nice rinse and repeat, but didn't take cause had met target)... Anyway the reason I'm really happy with it is because I took the decent quick profit that exceeded expectations, and is particularly important to cover into down-moves (or sell into up moves) on thin stocks.
Feels like there was significant progress made today towards staying the course after winning trades. If there's evidence of a continuation of this over the next few weeks I can look to change sizes, drawdowns, and max gains.
No comments:
Post a Comment