Profit/Loss:

Down $19.00 on 1 green trade and 3 red trades

Thoughts:

In the back of my head i knew it was a little too good to be true. My latest strategy was relatively simple, highly consistent, fairly cut and dry, and low risk, but very discretionary and ill defined. This week i saw very little action in the mid/large caps that i watch, and the stocks with high betas that normally correlate to the SPY were not moving in accordance with the SPY. So i did not make many trades, and a couple that i made were out of boredom. Maybe it was luck that i noticed this pattern, maybe it just didnt work this week. Regardless there were many problems with it so i will be going back to small caps but keeping these on the back burner. 

Lessons: 

- Cut losses quickly, or cut losses intelligently (wait for a pullback) and have good reason for each and have it pre-planned

 

- T