02/18/20 Back trading live and back to where I do not need/want/wish to stay or go ever ever ever -$2,154
Today was my first red day in one week. Obviously it happened when I got back to trade live.
$2,154 LOSS
I trade 3 tickets:
AMD $56
BYND -$68
KLAC -$2142
It is pretty clear at the moment I cannot trade without stop loss or manage my trades better, pushing the sell bottom when I see the trade goes against me. The truth is that today I did, but I did with not even $75 loss. I gotta say that it just went against me 4 point in a matter of 5 minutes, in 1 minute got 2 points against me and I manage to sell 1 point "only".
KLAC was a really difficult and trade I was red up to $8,000 I was seeing my day trader career finishing at that moment, I really had an awful time.
How can I avoid this situations??
It is not the first time something like this happens to me, the day I lost $5,000 with WWF was something similar. Long spread, waiting to reach the minimum of the day, red day, set up for a beautiful breakdown...
And again sizing, too much, would had been the same having 400 shares instead of 2000... Obviously not max $1,600 sold $400 loss. It is that simple.
Good thing is that Thursday I have the one on one with Amir Barak and tomorrow competition starts, starting now, this bullshit is over and I need to recover the account.
Keep small sizing, and risk management, take partials.
At the end of the day what I was speaking with Scott, I haven't keep doing it, only the 4 trades and not even that.
POSITIVE THING OF TODAY TRADING:
I manage to loss "only" $2000, It could have been the end of my career.
TOMORROW GOAL:
(Won't be sizing because of competition) Risk management // Stop loss
Once I enter the trade I will know my stop loss and target profit. And I will take partials.
