Thursday, May 20, 2021

Sizing and burns

A topic I think a lot about, how do I maximize the highest probabality trades?

Looking at this p/l, my losers all contained within -20% (and also rational pivots, not just a pl number). But my sizing resulted in a max losing day today. 

How do I use this information to improve my trading? Look in the usual places... greed and revenge! The big lots sold are full positions stopping out. However today nothing went immediately against me. So full positions stopping should signal one or both things:
1. I'm not taking reasonable enough targets off before it goes against me. (true today, I tried to push again)
2.  I'm trading too big that a few of these burn badly.

Tomorrow I'm out for big kid's college graduation! Next week is wedding week, so I hope to trade MT, but WRF I'm doing bigger things!! Baruch Hashem for these wonderful simchas.

Wednesday, May 19, 2021

A losing day

 Down 2% today. While that is within my tolerance of an "acceptable" loss, it is still a disappointment. I couldn't get traction today. I was down/up/down. 

Was a gap down / trade up day today, but the trade wasn't easy. I was pushing for 20% pl tgt. Not sure that was the undoing, but might pull back on that tomorrow.

TTWO was definitely the one that got away today (net loss), and was on the wrong side of COIN in the early minutes.



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