Made $180 on $ICLD long and $180 on $ICLD short - finally skillfully balanced scalping for quick profit with batting for home runs (do more of the former and less of the latter)
Good success rate overall today, one bad trade was one that I shouldn't take, I'm not yet any good at picking up stocks red on the and accurately call the perk ($MNGA)
+$650 on the day
New (updated) trading rules:
- NEVER ADD TO A LOSER
- DON'T SHORT AM PARA WITH NO DEFINED R/R - WAIT FOR LOWER HIGHS
- BIG MOVERS SHORT IN THE AFTERNOON
- PAIN THRESHOLD - $1K
- NO GAMBLING
- NO DRAMA
- NO ILLIQUID OTCS
- DON'T LET OTHER TRADERS INFLUENCE DECISIONS
- NEVER SHORT A BOTTOM
- DON'T PLAY THE NEWS LONG OR SHORT
- NO SUBBIES
- NO SIZE BETWEEN 11 AND 2
- NO DIP BUYING ON STOCKS DOWN ON THE DAY
Trade Highlights:
$LIVE went long, only partial fill
$MNGA 1.55 risk 1.65 target, thought it was the start of an AM perk and r/g
-$140 should have cut it sooner
$ICLD usually I'd be short biased here, instead went long (on suretrader too)+$55
+$150
$ICLD shorted here
covered here +80
$ICLD again
+$120 covered 3.70s
nice fade ...
$ASTC missed it twice, trying it here on similar setup, smaller size; 4 risk 3.50 target
ahh wasnt quick enough to take a quick gain at 3.75, will give it another go at cracking 3.75
+110 gave it another chance, it cracked but bounced right off so i covered 3.77
nice fade
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