Profit/Loss:

Down $23.00 on 2 green trades and 3 red trades

Thoughts: 

So been testing out this new mid/large cap strategy and quite happy with it in total. Did close red on the week but that is from 2 mistakes which are very easy to notice and should be simple to clear. the first is that because i only long if the SPY is uptrending and short when the SPY is downtrending, you must wait till the SPY confirms its trend. If its late morning and it pulls back near lows, as long as it doesn't break lows, its still an uptrend, and same goes for reverse. I made 2 mistakes this week playing against the trend because i was anticipating a break. 2nd issue was not re-entering after taking a paper cut and setup is still there. This is a no brainer, since im not playing off specific levels im not going to scale in and out, better I just recycle my shares when it confirms. Also i suppose i had 1 problem friday where i got caught up watching a small cap play and was distracted and missed the only mid-cap play of the day. Should just focus on 1 strategy. Provided i fix those 2 main issues i should be ready to size up more in a few days, and hopefully gradually up from there. 

Lessons: 

- Wait for the SPY to confirm trend, that only happens when the lows/highs are broken

- Dont be afraid to re-enter if the setup is still in play

- You can't ride 2 horses with only 1 ass. Trade 1 strategy at a time

 

- T