It didn't go too badly today but the gains were small. I still find that I am not buying the breakouts and breakdowns but rather, am buying reversals and trying to hold them as long as I feel is right. This is a mode of thinking that often excludes me from the biggest moves. I have to learn to identify more entry opportunites and not wait for the one or two familiar entries I have. Also some patience wouldn't hurt. I missed the breakout in GENZ late in the day because it was just trading in a small channel causing me to abandon it. I felt it was going to do something but I was looking for greener pastures... Speaking of patience, I am still in scalper mode. this is really not the type of trading I am trying to achieve. My largest gain today was only 9 cents (on a full 1000 share position). The next best was also 9 cents but with a half-position of 500 shares. I will study my entries and exits later and see if more was available. As mentioned earlier, my preference for playing reversals of direction may be a limiting factor in this.
Had one scratch trade and three others that were essentially scratches. I wanted to play conservatively and not take losses on stops when I recognized that I was in questionable trades. ONe trade did go to stop-loss and I exited minus $35. A bad decision at end of day on GENZ... I let it run past my stop while talking with my wife who had just come in from work. It moved pretty quickly... the stop loss was about 50% larger than I had planned.
The next two days are busy with Day-Job so likely no trading until later in the week.
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7 for 9 winners, a 78% success rate. Gain of $82 in 6.5 hrs of paper-trading. One scratch trade not counted.
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