Tuesday, 8 March 2016

Trading Review: 03-07-2016











Main Account: +$363.

Back Account: Approximately negative $50ish - still waiting for report to come through.

Another disappointing day. I did a good job of staying disciplined on the oil names, and to some extent avoided being short as they rallied back (although I didn't cover enough at the lows).

But I got stubborn on a NUGT trade. I made the mistake of adding to my position too early, and while I had a stop-loss plan in mind - I knew that I wanted to avoid getting stopped out... So then when the realisation came that I had added too early I got stubborn. The best thing to do would have been to stop out and look to re-enter.

Improvement on prior day though, so will look for another improvement tomorrow.

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