Monday, 19 May 2014

Trades Recap 19/05/14


Every day there's at least one trade that had I played it properly would have allowed me to take it easy the rest of the day. Today it was $MVTG. I was short a few over the weekend and added at the open when it couldn't go green. I had my covers in at .61 (from .69 avg) however I had covered most on the way down instead of keeping my cool and being patient with the covers. I had only 1k left by the time it hit .61; r/r was good, there was no reason to grow impatient. 

Only two losers today, so overall ok day +$425



Trade Highlights:


$MVTG +$220
$WIIM +$124 - chased it down, filled mid .24s covered .22
$UEC -$90 - was almost too patient with it, glad I didnt cover at the highs, however I should have avoided the trade or got out once it was flatlining instead of holding and hoping

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