Only got in for the last hour. Made an effort to stick to the stops and I was rewarded again, although the volatility in SKF at EOD made me just a bit uneasy about sticking too long with trends. Stopped out the first trade of the day for $30 loss on a 300 share position (kept my loss under 10 cents per share). Second trade was basically a scratch loss off a position which had a decent gain but re-traced while I was trying to stay in trend... I had moved the stop to B/E. The following trade was my best of the abbreviated session, getting a significant portion of the 3:10 pm red candle. Three more winners after that and I was finished for the day. Mostly a fundamentally sound day... I'd give myself a grade of B-. I stuck in too long for the reversal on the entry of my biggest gainer (16 cents) so I did exceed my stop by 6 cents. Also, the average grade is because of a lack of attention. I missed/watched a couple nice moves go by, including the 3:25 pm red candle and the subsequent reversal beginning at 3:30 pm and topping out at 73 cents around 3:46 pm. I actually watched it during this time... I wasn't like I was busy with something else! Ha!
-
4 for 6, a 67% win rate. Gain of $120 in 1 hour of paper-trading.
