WEEKLY RECAP

 

NUGT: -$100.41

SALT: -$64.10

LIFE: -$41.59

DRYS: -$110.88

INFI: -$25.41

OCLR: $455.78

SGYP: $-70.26

SGY: $35.78

______________________________

NET: +$78.91

 

HIT RATIO: 25%

EDGE RATIO: 3.57

 

Just came back from 2 weeks of vacation. Ready to learn how to trade properly in the US markets.

 

Based on my ratio, I should choose my stock picks very carefully. Select stocks that are in play and learn how to trade them well. My losses were almost covered by one good trade. DEVELOP MY PLAYBOOK and look for my A+ SETUPS and GO BIG on that trade. My biggest win this week was an EARNINGS WINNER with GOOD PRE-MARKET ACTION.

I've also limited my time frame to the 3-MIN CHART. I'll consider looking into the 1-MIN CHART when it gives me a huge technical pattern. So far the 5-MIN CHART works well for me and gives me the confirmation I need to go in a trade without being whipsawed.

 

Current short term goal is to stay green for the week. Again, choose my stocks carefully. Avoid losses as much as possible by cutting near the closest pivot point when you're wrong. And try staying up until 1am to make sure all movers in the morning are cleaned out. I've missed a lot of trades (although a bit hard and out of my comfort zone) because I sleep early.

 

Mid-term goal is to ramp-up my hit ratio to a decent level, say 60-70% at the very least. Its easier to stay green on a high hit ratio. I don't need to trade every time, I just need to trade high probability setups.