Another frustrating first red day short. Kept my risk pretty tight so its a small loss but I need to learn to just take the small profits once the volume fades away. It became clear that there was no real volatility on the downside here but I couldn't bring myself to take it off for the small profit as it was up so much and I was looking to make 10%-15% on this one. Live and learn.
Short into resistance as this was looking weak in the morning and I was expecting it to fade all day. It broke through resistance so I cut it for a loss, and it continued to run all day. Not upset with this trade but I should've taken a bit smaller of a size considering the wider risk.
Tiny trade just to start building some confidence back up after my losing streak. Bought as it was holding its highs near a breakout level, set my risk perfectly, although I could've gotten a better entry price if I waited a little longer. Sold into strength because I saw a big wall at 3.60. Not my best trade, but I'm working on it
Shorted this gap and crap, as a lot of gap ups lately have been sold into rather quickly. I got faked out on a little move of strength. Looking back, there was no need to cover, because fake outs like that happen all the time with this strategy. I will try to be more patient next time and wait for that second move of strength to put in more of my size, and just take a starter short in the beginning.
Shorted looking for a gap and crap as it panicked right out of the gate. I didn't get a great entry, and really didn't even play this well at all. I'm okay with that though, as I'm trying to work on respecting the rules more and I'm glad that I respected my risk and got out for a small profit. I will be tracking these setups and trying to focus more on my long term goals.
A really shitty trade, despite the profit. I only got half my position filled, and was distracter through out the fall, trying to deal with customer service. I saw the bottom, but wasn't paying attention to the chart when it hit the 1.10 area. Frustrating but I'll just move on from it.
Yet another scared trade. I reentered as this began to start up trending again, figuring most shorts weren't going to want to hold overnight. My thesis was dead on, and yet I was too afraid to let my winner ride. I would've had a nice profit on this trade, and I really had no reason at all to get out, just fear. I need to start trusting myself more, my thesis was still perfectly in tact.