I think I have been thrown off my by daughter having her second day straight of a Fever. Yesterday was good because I had a limit order in to lock in a gain on my $TRIP short and then it rose all day. Based on the strong close of $FIT yesterday I thought the momentum would continue this morning especially with higher than expected earnings. It just goes to show you the market reacts the way it wants to react. The earnings were great but future talks were negative so people jumped on the short trip. With $HON in hindsight I was trying to go against the momentum of yesterday and it gapped down. Little lessons learned with a bite out of my profits. Watching my $RAX short swing trade perform with me with the three downgrades now taking effect. Also short $INCY and $GLUU. I and finding my stride more with swing trading I believe. I'm still working on being a sniper on entries.
Bottom line is I'm doing well but still need to learn.
1. Look for best setup risk to reward. That means being a sniper on entry
2. If I didnt get the best entry I need to cut the loss.
3. Let my winners develop. I could have ridden $WYNN from 58 to 79 and was conservative closing at $64.
All things to remember to get better. That is the goal and I'm ok with a loss if I learn from it.