Poor trading again today, not focused enough, overtraded, wasnt patient enough with entries (RE $CERS)
Tomorrow I will revert to the "no trading the first 30 minutes rule". Will try it a few days and see how I go. I have been trading some of the quick reactionary setups well lately, however on a whole I think it will force me to wait for the right setups.
Also "arbitrage" plays on oil stocks (vs the index) don't seem to work anymore (re $BAS $OAS) so i am done with those.
Longs:
$BAS tried twice to buy on a pull, first time took a hit, second time partial fill
$CUBA - wasnt patient with initial entry (and bailed before hitting my stop), second entry worked better; longed again later, only 100sh and sold on a pop
$ADXS with .60 risk; like how it's holding a base, could spike and test hods; sold half .89, holding rest for 7 test; looked fadish so took rest off; later longed it again, when it was holding a higher base; nicely done again, sold into that 7 break; late day longed again when it was holding higher lows; sold when it couldnt make nhods
$FOLD first trade i was trying a hod rejection, covered and went long when it broke nhods
$CUBA longed eod when everyone was short, predictable squeeze
Shorts:
$CERS the big mess up of the day; shorted on a tiny pop out the gate, didnt take small profit when i had some, instead, added to loser, didnt cut it quickly enough and ended with bigger losers ... sounds familiar, somehow i cant escape making this mistake over and over; it did set up later perfectly, i made a few bucks back, but that's just the different between waiting for the setup to come to you and forcing it
$OAS with .80 risk; didnt work
$FRO missed the good entries in the am, chased some; covered half on a mini-flush
$CNET I was long for a 1.55 break and move towards highs, didnt work, took 5c loss. Shorted it later on failing to break above 1.55, covered most for a small profit, rest on a pop
$OPK 9.8 risk
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