AVID: -$152

DRYS: -$36

EYEG: -$120

Total: -$308

Hit Ratio : 0%

 

This week was just an off-week for me. I monumentally failed to make a green week this week. I feel bad, yes, but I learned a lot about myself and the markets.

 

First, I didn't trade as much after the index gap down below serious levels. After my  loss on $AVID and $EYEG I said "that's it, not gonna trade much this week. I know this might get choppy but still traded. This is what I get." and I didn't trade afterwards. But come Wednesday and Thursday, few familiar names started spiking but I was firm to myself. So I missed ALL the runners from this week just because I stayed out when opportunity comes knocking at your door. I guess the real lesson here is when the index is just showing SOME weakness, there will still be a few runners left to trade but we just have to be more cautious and careful on each trade. My 2 big losses were from dirty setups and I lost. $DRYS $PULM $NAKD and $BNTC had very clean setups. Again, I just need to focus on my setups and not catch every momentum of each stock that spiked and I might have the chance to stay green.

 

Again, my goal for next week is to STAY GREEN. I'd like to by NET GREEN by this month. I think I'd be able to do that by sticking to my quality setups and repeat the process all over again. I'm starting to have a feel for the market since even though I didn't trade a lot this week, I was never absent. I just watched how stocks move in this market and paper traded all the missed setups that I saw. I even archived it just to remind me how those stocks and patterns look before it moved up.