Daily setup: top gainers screen, post open, gapping and holding
Entry/play: sort of a vwap bounce after surge and stabilize.
Management: First of all, small position. Big spread, so even smaller position. Initial stop below recent pivot that bounced even above vwap. My profit target triggered, but limit order didn't fill so I went back into the wringer, though never below water. It never hit my target, so I got a stop/limit and and I auspiciously took off the last part right before the close/drop.
Psychology: Good. Hard to get too upset about a position this small. And that's exactly why to play a trade like this small like I did. Acct total gain today was green but miniature. And sane. By far I didn't use my available cash, but I traded sane and scraped out a few dollars. A good day.
Popular Posts
-
I follow and admire the trader Mark Melnick. His Newsbeat trading room (of which I am intermittently a member) and his YouTube Newsbeat vide...
-
Sometimes I get feedback that this trading journal is very harsh. I guess it is. Especially when I get out of the habit of journalling eve...
-
No surprise that when I trade on a day with zero great setups that I get hacked up (at best!). I'm lucky I didn't get totally smack...
-
Market inside open after a really strong day Friday. I need to get back into the routine of annotating, logging, journaling. WYNN gapping in...