Profit/Loss:

Up $49.00 this week on 6 green trades and 1 red trade.

Thoughts:

Interesting week for me. Started my new strategy trading mid-caps. Its mostly based on high beta, mid-large caps stocks that move in tandem with the market and have solid range and volume and i short or long them if they have brief moments of an oversold move or an overbought move relative to the SPY. Its been working out. It seems reliable and so far ive been managing my risk well which i thought would be an issue. It is a much more discretionary strategy as opposed to my small-cap strategy which is very mechanistic. Small caps have been hit and miss at the moment, volume comes in and out, and ive found the moves to be quite unpredictable but i do still watch them and keep track and will trade them if i see great setups. My new strategy is mostly scalping, higher frequency which should allow me to work on my weaknesses from small caps trading positions. I would like to expand my strategy to better work around a core, and work on different sizing approaches and also possibly longer time-frames. But for now going to continue whats working because im all green so far on this new strategy. Its a very different trading style and so far has been a very good learning experience. On another note, i took a small cap short on an A+ setup and made the same mistake as always. Detailed it in my AWSM trade. Its so obvious now i hope that next time im in the situation ill realize it, and act accordingly.

Lessons:

- Dont be afraid to pursue different trading approaches, new strategies can fill in holes of your old ones

- Always be learning

 

- T