Live trading summary for week ending 7/05/19.
Traded SIM all week due to three days in a row of all losses. The trading improved as the week went on. I was sloppy all week, but that is common for me on SIM. I don’t want to make sloppiness a habit so I am switching back to live on Monday but will trade half shares.
I traded NFLX mostly this week since back test data showed it became in play at the open. But as luck had it, it was not in play this week. But I learned a lot trading something that the spread would vary continuously. I was always nervous about trading BABA and TSLA due to their unpredictable spread, but I think I am OK now. BABA and TSLA spreads are not as bad as NFLX.
Back test data shows nothing looks very in play at the open for next week. Though MU, AAPL and JD look OK. I am comfortable with MU. I had to make quite an effort to stop trading AAPL when it was no longer in play, so I will have conflicting emotions I will need to deal with. And I have very little experience trading JD.
Here is my plan for this week:
Concentrate on process and score card, not on W% and P/L
AAPL is in play at the open again. JD is now in play. Decide by premarket which should be higher focused.
FB had a marginal week again. Assume it is no longer in play at the open.
AMD was no longer in play for the 2min ORB. Do not focus on it at the open.
MU is in play at the open, make it your primary focus for the week.
Trade half share size until trading improves.