Monday, August 24, 2020

Good old clockwork +15%

I am trying to do a lot of mental work around trying to trade my best. Trying to put the brakes on losses and more so, trying to put the brakes on bleeding my account out. I have moved so much cash out of my account, I'm trading like a newbie. And yet, I think this is a very sophisticated move... to preserve capital while I'm being a jerk. 

So today I decided to allocate my capital across 4 trades, with the option to double into something. 
First trade was BILI, which did a nice first leg, then stalled below my target. I yanked it for capital preservation, but then missed the next leg up. Still, +7% is a solid trade and most of all, I didn't lose.
Get in, grab my money, get out.

BABA ran really well, and I had the sense to yank it at the top, which saved me from losing it all. AZN, I took a late entry and ate it when it reversed. 

In fact, everything reversed pretty hard.











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