Main Account: +$467. Really really good day. Was up roughly $400 by 9:40am as a result of NUGT, TSLA, and UVXY. Interestingly I only got to 3/5s size on TSLA and 2/5s on NUGT and UVXY yet they were still massive winners - just shows how much volatility is out there - and there was so much left on the table. Simply trailing TSLA stop by the m2 low would have resulted in capturing another $10... Crazy stuff...
At this point I had a couple of starter positions on that were giving me a little grief, and I made a conscious effort not to fight too much. Really happy with this attitude, but because of the difficulty of the starter positions I was in (particularly MBLY) I ended up drawing down to around $170 for the day. My conscious effort not to fight too much resulted in being stopped on ETE at the high (on a fakeout at $4.91 when stop should have been around $5.06) and this was on 4/5s position, so was a decent hit. Trade idea ended up working , so would have been a profitable trade. The stop-out arose not only from trying to conserve losses (which I'm okay with) but not being picky enough with entries/sizing in a little too soon.
Looking at the price action in the mid morning/midday/afternoon I would have continued to crush it. TSLA completely reversed the entire move, MBLY did as well, UVXY was an amazing afternoon rejection from the highs. I will continue to trade over the $200 target, without risking too much of it (e.g. half normal size, and not too much fighting of trends), and look to bring in the emotional consistency throughout the entire day that I'm looking for.
Back Account: -$220. Happy enough with the trade on FREE. Was very picky with entry and the idea simply didn't work - so what can you do.
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