Wednesday, 28 September 2016

Improvement: 09-27-2016

Goal for today was to with-hold the "full size" entry. Didn't quite get that right, UVXY was a notable example where with a slightly better final add (in terms of size and price) would have resulted in a decent trade. That being said, don't think the trade work very well anyway - so maybe a good result.

Worth talking about a different improvement I want to make. This week I have wanted to size things down, and keep things controlled. Today illustrates why. I got a lucky cover on RGSE when I finally realised I was being stubborn - but it could have been a decent loss as a result of being too aggressive on size, and on length of time holding (it is a day 1 float rotation that's holding).
Basically I am looking for too many opportunities to be overly aggressive. Big size is okay if mapped out with a complete plan and a super strong bias (this shouldn't happen very often).

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