Hi this is my third recap of my trading.
Monday: made 3 Trades 2 on $SORL and 1 on $LIVE. Both SORL trades were not bad, but I traded with $150 so commissions are always there. I had an 8% win on SORL which was a solid dip buy and I made 25cents. On LIVE I lost because I bought on a dip after the morning panic and it didn't worked out so I got out. Not really bad trading, but no great trading really, maybe besides that SORL trade, but still nothing great.
Tuesday: I traded $SITO and $STEM. SITO I really bought right into the double top, knowing that there would be resistance, but I thought it could breakout more and i wanted some profits, which can be a bad sign. On STEM I bought the afternoon breakout over the consolidation and made a little here, but with commissions its just another small loss.
Wednesday:I made my biggest %gain on SKYS buying the morning spike, and then saw it go up to the 4.90. I took my profit when it hit my goal, but this thinking of having missed out may have become a problem throughout the day, leading to another trade on SKYS where I bought on a dip, was greedy and didnt took 20/30cents profit and wanted more. Then it dropped and I got out, stuck with a loss. I then moved on to THLD and bought on several dips. Which all didnt worked out and I bought just wrong, and missed out on the bigger dip, followed by a breakout. On CLNE I actually got a nice entry after the initial breakout p, but it wasn't moving that fast, just not volatile enough p, so I got out breakeven. overall again overtrading which was initiated by that missed profit in the morning, which is actually really dumb, because you don't have to take the whole move just the meat of the move and I did that.
Thursday: didn't trade much that day, really only in the afternoon, following tims alert. no discipline and lost a little.
Friday:so I decided to move size up a bit to $300 because commissions are just killing me. Premarket I bought BLDP bought got out on that little morning panic. then made some good profit on WINT, which worked out good, but again I missed out on another $1 p/share profit, but nevertheless a profit. Followed by 2 trades on VISN, where I bought after tims commentary which is kinda a stupid thing to do because he isn't even in it and it was already up too much, and DPW where I dip bought again but got out, and saw it breaking out on another dip under my exit after I got out. So my timing was off.
This Week wasn't that bad, just Thursday was over traded, but I got my size up a bit, but I still have to work on my discipline and have to watch out closer for support and resistance, also planning my trades more exact and being more prepared. The following weeks I won't trade as much because school is starting again, which sucks, and I can't trade because the market opening is right in a few of my classes. Thank your for reading this and I hope you had a great week and good luck!
Posted Aug 20, 16 5:52 PMbyDanysix5
- -11.61 -- LIVEby Danysix5
- -0.84 -- STEMby Danysix5
- -18.77 -- BLDPby Danysix5
- -12.67 -- THLDby Danysix5
- -24.26 -- VISNby Danysix5
- -6.43 -- SORLby Danysix5
- -13.41 -- SITOby Danysix5
- -9.31 -- THLDby Danysix5
- 4.99 -- SKYSby Danysix5
- -7.51 -- THLDby Danysix5
- -10.13 -- CLNEby Danysix5
- -14.11 -- THLDby Danysix5
- -9.41 -- SKYSby Danysix5
- 10.20 -- WINTby Danysix5
- -1.38 -- SORLby Danysix5
- -23.36 -- DPWby Danysix5
- -15.68 -- BLDPby Danysix5
- -16.99 -- SKYSby Danysix5
I cant stress this enough to you, when your in a trade and its profiting lock it in even if its 1/2 your position and let the rest ride. Just take a step back and practice at better entrys/exits. If this involves paper trading or using a practice account do it. Getting started is expensive. Hope this helps
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