2/12/20 4th day self contention. +$433
2 LOSER TRADES 3 PROFITABLE TRADES
TOO MANY TRADES AT THE SAME TIME WITH ONLY ONE MONITOR
Another Green Day, which is very good BUT my trading was sloppy, I didn't follow any rules, stick to anything; lacked discipline big time.
Yes, yes, I ended up profiting $433 but it could end really bad.
I traded 3 tickets, AMD long twice, SPWR long, AMD short and DAO long. I am starting to see DAO like one of the most difficult ticker to trade (or it's me the one that goes always against it...)
So basically I didn't over trade except for the adding on positions (if that can be considered over trading...)
It is pretty clear that enter the trades with 400 shares is helping a lot to not lose a lot of money when the stock goes against me.
TODAY all trades were against me:
AMD open $54.53 1% gap / 9:30am in 400 shares / $54.81 / Not even a minute had passed and I happily started to put money in / 9:44am added 400 shares $54.15 / 9:48am added 400 shares $53.96 / 9:53am added 400 shares $53.99 / 10.05am added 1000 shares / All combined I had 2600 shares and AMD wasn't going long. At 10:17am cover
$175 LOSS + $40 commissions
AMD kept going down 3 minutes after it went down to $53.53 low of the day.
I did trade with no pattern.
SPWR open $10.21 3% gap / 9:33am in 400 shares / $10.43 (high of the day) / bought at the pullback there were a elephant bar and bought there, it pulled back 30 cents / Reversed 9:33am added 400 shares at $10.19 / Went up to $10.43 / Pulled back until support and reversed / Covered at $10.43 at 10:43am / High of the day was $11.18
$95 PROFIT - $12 commissions
AMD short 1000 shares $53.83 - 10:32am / Covered $53.69 - 10:34
14 cents $140
ESTE ES EL TIPO DE TRADE QUE SIEMPRE DEBO HACER, CLEAN SET UP, FAST PROFITABLE, NOT TOO MUCH RISK...
AMD long 400 shares $53.68 - 10:40am / Covered $53.57 - 10:41am TOO FAST COVERED WITH LOST STOCK WAS ON LOW OF THE DAY $53.53 RIGHT AFTER IT BOUNCED UP TO $54.10
$45 LOSS
DAO open $22.10 9% gap / 9:36am elephant bar little pull back, recovery I thought it was going to continue.... so I bought 400 shares $23.90 (high of the day) then pull back for profit takers until $22.60
9:40am reverse added 400 shares $22.96
9:41am up to 23.25 (not covering loses $23.40)
Pull back and 2nd support $22.65
Reverse 9:50 $23.25 resistance
Pull back 9:55am $22.65 support
Reverse 10:03am $23.25 resistance
10:23am Added 800 $22.69 resistance lowering the price to $23.05 1600 shares
10:35am Added 1600 $22.75 lowering the price to $22.85 3200 shares
10:52am Added 2000 $22.55 lowering the price to $22.77 5200 shares
Spread was 22.50 buyers 23.10 sellers more or less
Set up stop buy $22.85 filled at 11:02am
After that DAO went up to $23.60 or 75 cents in 40 minutes. If I left it on I would have had $4,300 profit
$417 PROFIT - $80 commissions