Any questions/comments please post as a comment to this blog-post, however if it's a generic question about my trading, try my website's FAQ first
I highly recommend watching @Investorslive Textboook Trading to beginners and intermediates as well to educate yourself about momentum trading
And the obvious disclaimer - I am not a trading/investment adviser so please be smart and consult a certified financial adviser before making any investment decisions
Summary of Trading:
A pretty dull day after the first 30 minutes, just watching every $INPH tick, hoping/wishing for it to pop to add s/s and to finally break. Which it did, eventually, and saved me day
A few o/n positions kicked me in the nuts, a reminder to avoid/limit gappers to only the most perfect setups
$USD P&L: $340
Any questions/comments please post as a comment to this blogpost, however if it's a generic question about my trading, try my website's FAQ first
Lessons:
- Remember not to buy/sell a flat line, very little edge there
- Gap only the best setups, don't have to be in a position o/n every day
- Don't trade a/h. EVER.
Trades:
$SNSS in pre with 2.90 risk
$OCLS $OHGI $IKGH $VICL four losing gappers that cost me dearly
$AVEO was the worst, shorted it at an awful avg a/h yesterday, and had to take a massive loss on it this morning
$ESI chase in pre; will look for dips after the open to go long
$ESI again on a dip
$ESI tried twice on a dip and gave back 1/3 of the prior gains
$CSUN twice long mixed results, then shorted under vwap with 2.05 risk
$INPH popped on scanner, longed for a profit, then went short 1.16s, added 1.25s and then on every failed push at VWAP; added a little bit more on the 1.2 pop; thinking still a chance it tests highs give how it's been supported; had a decent read on it later in the day at least, took most off when 1.05 kept defending; definitely the most patient i've been with a stock intra-day in, well, ever; shame to have covered half for b/e and not lower, but I really wanted that big fade; late day reshorted some 1.10 but again 1.05s held
$OGEN had some o/n which i sold flat at the open ... bought this dip and perk here, only 500sh
$OGEN tried again as it was holding 2.10s nicely; gave back prior gains, sold as it broke under 2.10; so yes it held 2.10 but it was a rather flatline, not a buying opp
$CBLI late day, total chase, but big bids (that seemed real) were propping it up
$CBLI again on a dip
P&L: (Please note amounts are in GBP)
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