Tues, August 15, 2018 +231
Wednesday, August 15, 2018
12:02 AM
Points for Trading Journal
1. Your physical Well-being (Lack of sleep, too much coffee, to much food the night before, etc.) I had 7 hours of sleep two cups of coffee.
2. The time of the day you made the trade: I Traded From 9:35am until 2:07pm.
3. The strategy you were anticipating.
4. How you found the opportunity (from scanner, a chatroom, etc.) All Opportunities were found with Scanners, the Nasdaq Website and finvis.com
5. Quality of your entry (risk /reward)
6. Sizing/ Management of your trade (scaling in and out as planned) -36 Tickets
7. Execution of exits (following profit targets or stop losses)
· HUYA- Went long Huya at 29.17 thinking it was going to be an opening range break up, however I did not realize the bearish candle before the bullish candle stick, the Trade ended up going short, I go stopped out at 28.35 for big loss.
· I then went short at 28.21 and once I noticed it was going towards the low of the day, and I covered at 28.04, 27.85 and stopped myself at 27.93.
· I then went long on at 28.54 when I thought the stock was trending higher, The stock went down on me, I held on to the stock and then sold at 28.59 and 28.60.
· I then went long again with at 27.98, when I noticed it was in the middle of a reversal, my price Target was the VWAP, I rode it to the Vwap and sold all at the 28.26.
· +140.00
· BZUN- I went short Bzun at 51.62, I was trying to ride the opening Range Breakdown to the low of the day, however I got "chickened out" and sold early at 51.64 for a 8 dollar loss.
· -8 dollars.
· IQ- I went long IQ at 27.32 and sold at 27.40 and 27.33, I did not know what I was doing with IQ I just jumped in the trade.
· +13.50
· MU - I went short Mu at 50.46, I noticed it was still breaking down below the Vwap, I had a level at 50.14, which was my target, Due to the Volatility of MU, got chickened out and again sold early at 50.58.
· I then went long mu at 50.53 , when I noticed it did reversal, I sold some at Vwap 50.62 and then sold the rest at 50.74.
· +60.00
· SQ- I went long SQ at 74.58, when I noticed I was above the WVAP and the it tested the 9 moving average a few times, my target level was 74.91 which was the high of the day, I sold at break even after I notices the stock was turning.
· I then went short at 74.27 and sold at 74.29 when I noticed the stock did no lose the VWAP.
· -2.00
· TUR- went long TUR at 20.65Once I Realized it was above the VWAP, my target was a level at 20.84, the stock ended up going down and held the Stocks and then sold them at 20.76 and 20.71
· +34.00
· TVIX- I went short TVIX at 36.88, once I saw the stock had reached the high of the day, and it was going down to test the VWAP, my target was the VWAP, I got chickened out and covered at the 9 moving Average at 36.82,36.63 and 36.57
· I then went Short again at 35.52, once I saw it was below all of the moving averages, I did not have a level at the bottom, so I did not have a target so I stopped out at 35.56, when it went up.
· +52.00
· TWTR- Bought Twitter thinking it was starting to reverse at 32.88 and got stopped out at 32.80
· -24.00
Final Recap- I did not think I traded well today, I did a lot of over trading, with 36 tickets, I'm still struggling with finding the patterns. I need to work on identifying my price targets and the patterns I am trading. I am also working on identifying stocks in play and taking the right share sizes. My biggest issues is also knowing risk reward and know when to stop myself out. Even, though I was positive today I do not feel like, I was positive.