Back Account: -$220.
Pretty solid week with 3/4 positive day. It is a shame that the losing day was a negative draw-down day though; but nevertheless a step in the right direction after last week.
Literally made most of my money this week in NUGT which is kinda funny.
The big loser for the week was ICPT, where I broke my rules and went full size straight away without a stop-loss. Take away ICPT, by limiting it to a reasonable loss amount (say -100 to -200) and I would have been up another $400 for the week, which is a significant improvement. Also broke rules on Thursday with TSLA and got punished heavily intraday for it. Primary goal must still be to manage size effectively and place stop-losses when size is more than 1/5th. If I had achieved this goal this week I would have been significantly more profitable, and been under a lot less pressure.
One other thing I have noticed creeping in is that I am getting a decent draw-down on my starter size. I am okay with this for now, but may be worth revisiting. The bonus is that when I experience a lot of pain on a start it usually creates an amazing opportunity further down the track.
A sub-goal for next week will be to make sure any losing days I have isn't max draw-down! This goes along with the sub-goal of minimising profit variance (e.g. what happened on the 11th).
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