Sunday, 13 March 2016
Trading Review: 03-11-2016
Main Account: +$930.
Really really solid day. Got some good insight from my journal noted throughout the day. Helped a lot to focus on goals in mind, and in the current format didn't distract from trading. Something that worked really well was writing in the journal what I need to be focusing on (e.g. while still in uptrend short strength not weakness, or today need to ensure I enter a wide stop-loss in market), not only as a reminder, but something I can look back on.
Another thing the journal high-lighted was the thought process throughout a trade. I am constantly evaluating if a trade is doing what I want, and this was a nice way to look at the constant evaluation process. That being said, I don't think this is a weakness of mine in any way.
One really nice positive of the day today is that I definitely didn't over-trade. Once I nailed the original NUGT short I scaled down size and focused on entry only trading smaller size than normal.
VCEL: There was 3 trades.
(1) Premarket short (only a little size, but was a nice small profit).
(2) Long on the open (which worked well, but added near the top), then eventually got full size near the lows with tiny risk. The trade worked, but didn't have the best average and therefore missed first profit target. If I had a better average I most likely would have taken some off where it peaked. Eventually hit it out for slightly less than breakeven.
(3) Afternoon break of low of day, short on retest. This was an excellently managed trade, focused on entry, and on minimising probability of being stopped out (while still having hard stop in marketplace), covered risk into tiny down-moves (which I could do because I focused on entries), then rinse and repeat. Was only slightly profitable, but really excellent process and never got the resulting downtrend that I expected.
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