Thursday, 17 March 2016

Trading Review: 03-16-2016











Main Account: -$688. Another frustrating day. Controlled the stubbornness, but to some extent didn't really play my natural game. Goal was to have a positive day, make a couple of hundred, call it quits. This happened but I didn't call it quits, ended up giving it back. Still having trouble with that adjustment from that time after the open.

The main reason for the trouble arose from one main thing:
(1) Too much trying to anticipate. For example on CPXX I had a great small size long off the open, and tried to anticipate the higher low. In the end it never rebounded until it retested the opening lows, by which time I was stopped out. This is solved by focusing on really really looking after average, and also thinking about what the worst case scenario for something could be, and preparing for it, and managing size accordingly. I did this great on VRX off the open, preparing for the $38 push, but expecting it to stop at $35.
This kind of anticipation creates a lot of trouble for me off the open, when I say catch a decent move and try to add to a winner, after locking some in, and the trend actually reverses.

For tomorrow, just have to meet target and finish for the day - leaving an order in to short BRKO in case I get fills.

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