10-9-19
Woke at 0740 with 4 hours sleep. Feel good..... SSS and a coffee..... Read a bit in The Playbook ....
PAT: Share Size ...... A or better setups only.....
NOTES: I will go back to no trading in the first 5min........ All PB#1 (ORB with confirmation of ABCD on 1 or 2min) will be SIM of SIM untill I feel better about this setup again.......
Tried three trades, PB#1 with no luck..... QGEN I got a bad entry on first 5minORB and then stopped myself early on the 15min ORB which I realize now was setting up a nice PB#3...... and an MU which almost went to my target but went down and price action changed so I got out with a 1 cent loss....
-64.25
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet.......
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
QGEN
this is a 2nd day play with a 16x RVOL premarket and an 8X when I took it.... it had a huge gap down from Q results and investigations in possible security violations..... This was on SSR so I was looking for investors to buy for value on the large gap down.....
PB#3 (A setup), + would have been if I recognized it when I stopped early in the 15min ORB...... I went in with 4/5 share size and added in to full share size... The only resistance in the near future was the 200ma on the 5min and this was far enough away that the RR was 2.5/1 ...... Took two partials at 25% each then all others were 10% and all out on a new 15min low and my Reason2Exit ......
When I got back from running around I found another entry that I feel was an A+ setup and took full size again. I did partial for $60 once and set a hard stop up because I was have to manage another business also and got stopped at BE......
+206.40
Cons: Missed the first opportunity on QGEN and stopped out too soon..... the first one on QGEN I also stopped out early... I believe both of these are just fear and lack of trust in my trade....
Pros: Found a good setup in QGEN even after I made the early stop....... I feel good the way I managed QGEN
Favorite Trade: QGEN
Notes: I like the share sizes I took and will continue with no pre 5min trades and all PB#1s will be Sim of SIM for at least the rest of the week...
R = 50.00: +117.90 / +206.40