So while I did trade plenty of stocks today, I did exercise *some* patience (with entries) and traded well today. I'd possibly be able to squeeze more from individual stocks if I had more patience and not jump to the next setup, but I'm still learning, so I like to experiment with as many setups until I find my favourites.
Only got caught out on one trade ($SUNE) used too much size when it was way too bullish to short.
Lessons:
- Be patient when going long and have the "big picture" view:
- as soon as I bought today I was underwater and about to sell for a loss, had to remind myself the big picture and actually respect my stoploss instead of just bailing.
- $CANF was too illiquid to trade even if it was setting up nicely, one big seller could ruin it
Longs:
$SNSS great trade, textbook @investorslive weak open r/g
$CANF I bought where I'd normally s/s - figuring this should squeeze more; worked well; Tried again on ABCD, wasnt really liquid enough, when it failed and broke support I sold rest and shorted; Overall was up on the trade.
$BDR 2.15 risk - nice patience here, buying on dips and not getting spooked when "they" pulled support making it look weak; nice hod sells too
Shorts:
$GERN 3.10 risk; couldnt break 3.10 so I added a few; covered when it made nhods; reshorted when it broke support and it became resistance; just burnt commissions on it, had no real range, but didnt want to miss a big flush
$VGGL had a great avg, but not enough confidence after y'days diabolical trading that I took a quick profit; re-shorted later in the day anticipating further bleed at 2.50s; shorted pops covered flushes
$AEMD with .47 risk IB had only 2k shares
$YHOO puts - great covers as this thing spiked $1 rather quickly off lows; Later in the day it looked weak again (especially compared to SPY) so I am swinging some puts
$NBS daimn i had a good entry there ... again y'days trading was on my mind so covered for a quick profit ... what an epic fade
$OME with .80 risk; good for a few pennies
$TERP ouch, got caught in a spike, i am done shorting on day1 strength. DERP.
$CYBR small position, 43 risk, looking to make 1-2 bucks; made a few pennies
$CLF 10.30 risk
$JASO on trend break, only a small position













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