Wow, that was some session. Talk about the market vomiting all over itself!
I had some early success, trying to focus on riding the momo train and not trying to predict reversals. It seemed to work ok. I found some trouble thereafter, I was taking Day-job calls, not being attentive, and damn but I didn't try for a reversal where I hadn't confirmed one. It really is a dysfunction with me. I had to do some day-job reports so much of the afternoon was spent with the IB off. Toward the end of day, once I signed back on, I focused on NOT calling revesals and tried to focus on playing what I actually was seeing, not what I was guessing was going to happen. This seemed to help and I made a recovery, finishing ok.
Same thing today though. I am drawn to predicting reversals on strong moves. I do not let my winners run. But, as I've mentioned before, these are patterns and with enough work, I feel I can correct them. We'll see.
Not that I didn't know it already, but I am definitely not a natural born trader. I'm going to have to really work at it.
9 for 12 winners, 75% success rate. Net gain of $1.01 per share.
