Friday, 5 June 2015

Trades 05/06/15


Really upset I'm still unable to stick to my plan and choose bad entries due to fear of missing the trade ($OCLS) as otherwise my ideas in pre were solid, had only I followed them.
Instead I traded emotionally like a real beginner.
Made up for it by good trades on $ONTY and $PTN 
Overall happy with my performance, another slow day and I was able to get out with something

Trades: 


$PTN had 1.1 avg from a/h which I sold in the am at 1.18 1.28 and 1.44 ... there was little interest for it a/h surprisingly, that's why I didnt take a larger position. It lingered around 1-1.10 so given the lukewarm response I sold early in the am. It then went as high as 1.60; Ideally it pulls back to 1.2-1.30 before the open to ramp back and test premarket highs

$PTN snagged some before the 8am rush; will look to sell and re-buy before the open; should have stuck to original plan and avoided, instead traded it emotionally, sold buys for a loss then shorted at a bad avg; Made back the loss on the long with the short, now really leaving it til the open

$PTN at the open longed some for a small profit, then started shorting with vwap as risk; covered at support and re-shorted pops, worked out ok


$OCLS just awful - again didnt stick to plan which was short pops to 1.50, instead shorted the am weakness ... when will i learn, as it squeezed me right to that spot i wanted to short

$OCLS reshorted, closer to original plan, and made some of the losses back; gave support three chances to break, when it held i got out 

$ICLD perfect trade, just as planned; even added again on a pop and covered on a flush; stock tends to gives back gap up gains


$ONTY traded as planned, covered a fair bit low, some as it grinded against me; added again when it popped and covered as it kept holding that .82-.83 support; happy with those covers, finally Im learning to cover when support has been tested and held a few times

$GALE good 1st trade even though lost $$$ on it, at least stuck to plan;
tried again after the morning push and under vwap; didnt stop out quick enough, decided to give it time and stop out at prior high with a smaller position; got punked again


$ERN small position tight stop on hit piece (daily chart rather extended, so has room to fall); could drop more, but this was such a gift, took the quick profits once it hit SSR


$PTN another short here - gave it a chance to break, alas it didnt



P&L:


No comments:

Post a Comment