Summary:
Paper trading 200 share lots of anything that looked like it was setting up:
Looking at the individual trade PnL:
Largest losers:
Largest stop was $0.52 for 200 shares ($0.26/share).
Largest winners:
Best winner was $0.82 for 200 shares ($0.41/share).
Several nice looking charts today and I posted everything I traded on. I had some great entries and left quite a bit of money on the table today, I think it was because I was nervous and wanted to book the profits. I should probably take special pains to focus on the 'belief change' mantra while holding a position. The decision to exit needs to be made quickly, and when it is time to exit, I want to be ready.
Continuing the weekend discussion - the one thing that became apparent while working on the last post was that I tend to view the market as the challenge. When I do this, it takes energy away from the real problem/solution and expends it on something I can't change. Today became a choice of how I wanted to direct the energy/time I spend trading. Rather than invest the energy in frustration or other emotions, I made the conscious decision to channel any excess energy into changing my belief system. the practice of reading the 5/7 became a process of visualization - not reciting what I wanted to be, but reciting what I was. It doesn't seem like much of a distinction, but it was intentional and felt different.
Details:
AGU:
ANR:
AXP; - selling into weakness:
BIDU; EOD breakout - in concept:
COP; another weak cover:
CTSH; trade of the day, and I covered because... I was negative for the day and finally had some profit... Yup. Should of been a 'get focused' moment:
CVX:
ESI:
HSY:
IGTE:
IOC; I didn't trade this. Seems like the spread was too wide, but I can't recall. Nice chart:
LAZ; One of the first stocks I was watching for the day. I expected it to return to trend but it had other plans:
MAC; another EOD breakout concept:
MET:
MUR:
OIS; breakout was the only momo:
PKG; sat on this nearly all day. Finally gave up some profit EOD:
POT; somehow I missed the return to trend:
PRU; the 1:35 cover was a no brainer - but I missed it. I covered HSY and I think another at this time, but I wasn't paying close enough attention to the biggest winner (at that point in the day); I assumed that it was going to keep going:
PXD:
SHW; when the stop breaks S/R, probably good idea to go the other way:
TNA; a little busy. The 3:00 was a perfect example of what not to do, and I think I am beginning to catch on. I was long start of candle, and it popped really fast - and I added - that should of been my cover signal. The market was breaking new highs but the snap back was incredibly fast as well. I think I actually got stopped out on that trade. I managed to get some direction on this stock, but definitely not the prettiest:
TWC; the exit was ok - but I should of been looking for re-entry opportunities:
UYG; again, forgot to watch:
WLL:
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