Monday, June 19, 2017

6-19-17 (+$72)



Watchlist
$CVLS $EQT $TSRO $SGEN

Trade 1 ($EQT)
Entry: Got in short too early @ 55.36
Exit: Price popped up briefly above 56. Bailed out on the second candle bcos it refused to go lower.

Weakness
  • lack of patience
Strength
  • got out when what i thought should happen didn't


Trade 2 ($EQT)
Entry: Got in short when the third candle closed below VWAP @ 55.48. I added more when i thought weakness was established.
Exit 1: Planned to take half off at whole number 55. But i got out @ 55.16 bcos of fear.
Exit 2: Took the rest off when price dropped sharply.

Weakness
  • Fear of losing profit, even when i had no reason to be.
Strength
  • Ability to get back in when signal was spotted.
  • Added to a working trade.
Fixes

  • When i get in a trade, i should be patience for the trade to hit my targets. Only bail when it not doing what you think on time.

In the Beginning...

WIP