Monday, 17 November 2014

Trades 17/11/14


Had one of them horrible trading days where I just couldn't stick to my rules.
For the hundredth time I promise myself this is the last time ...

I find that 9/10 times when I start the day by breaking a rule, and starting the day down on the day I end up having a shi**y day.
Today I started for some reason by a completely unnecessary rule breaking pre-market trade on $BHI which set me back $250. Not the best way to start the day. And that trade messed up the rest of the day for me. I traded it again, and $HAL trying to make the cash back, in pre market again, and that set me back even further.
Sure, "only" $500, but that completely messed up my focus going into the open, and instead of what I usually try to do (not make trades the first half hour) I started shorting $VGGL and $GERN without respecting rule no.1 - FOCUS ON ENTRY; 
So while I cut $VGGL for -25c (my average was in the low 3.20 so could have been a catastrophe) I used too much size on it (to make up losses) and now I was down 1.5k. $GERN similar story, set me back another $500.
Another rule I have is to step away when I'm down more than $1k on the day. Didn't respect that either.


Below are a few trades I made with DAS which actually made sense. I'm going to start using DAS exclusively, it somehow forces me to at least consider my entries and I'm less compulsive doing so.



Longs: 

$VGGL with 4 risk for eod run


Shorts: 0/1 

$BHI


$GPRO


$MOBI another commission burner. That's ok, helps with the learning


$RCPT 105 risk, 103 target; I seem to have the habit of getting tired of winners and hanging on to losers much too often,target hit right on the head


$GPRO

$HGR started on trend break, added higher and it turned into a decent trade

$JNUG

$DNR didnt work first time, tried again on parabolic 10.25 with 10.30 risk; didnt work again, that's the problem with anticipating, you're sometimes (most times) wrong. At least I cut it loose quickly once proven wrong; Third time worked the charm, though it *just* covered the losses of the two previous attempts

$MOBI with 6.40 risk




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