Day 20:
Beginning of day: $31733
End of day: $31826
P/L: $93; +0.29%
Had an interview at 8:15 in the morning. Did not make it to the next round...ouch. Started watching the markets mid-morning and saw there wasn't much action. Typical, it seems like this is the norm now nowadays... saw an opportunity in WDC and took it. Pulled out too early... going to say due to low volume because one of the factors in my big loss last Friday was from a low volume chart... but i think perhaps because I didn't want to be in a position for a long period of time. Just wanted a quick in and out... scared? being careful? Not sure, i will have to see. Afterwards I saw VRX heading down weakly but surely... the chart looked like a good bounce play but VRX tends to defy the bounce timing and just continue to drop... which is what it did today. Urge to go in, yet didn't. Saw a good support in VRX and went in. Made a good return, but trying to make more at the end from VRX, I re-entered. The result? childplay compared to what I've been going through lately... hahaha...
Giving myself 2+ stars for today's trading. Not bad on entry/exits. Just got really greedy at the end and telling myself $100 more, $100 more, eventually lost it all. Sorry late post today because I just drove down from norcal. Can't wait to trade seriously again tomorrow. My plan is to not go to big gains, but go for multiple small gains throughout the day and hopefully they will add up to something meaningful EOD. Before, I was trying to get 1%, 2%+ moves from a single stock. Now, I'll be satisfied with +0.3% for every entries. Even lower, just anything positive. Commissions will be costly, but I think it's nothing compared to the volatility my account is going through. We'll see how this strategy plays out tomorrow.
Beginning of day: $31733
End of day: $31826
P/L: $93; +0.29%
Had an interview at 8:15 in the morning. Did not make it to the next round...ouch. Started watching the markets mid-morning and saw there wasn't much action. Typical, it seems like this is the norm now nowadays... saw an opportunity in WDC and took it. Pulled out too early... going to say due to low volume because one of the factors in my big loss last Friday was from a low volume chart... but i think perhaps because I didn't want to be in a position for a long period of time. Just wanted a quick in and out... scared? being careful? Not sure, i will have to see. Afterwards I saw VRX heading down weakly but surely... the chart looked like a good bounce play but VRX tends to defy the bounce timing and just continue to drop... which is what it did today. Urge to go in, yet didn't. Saw a good support in VRX and went in. Made a good return, but trying to make more at the end from VRX, I re-entered. The result? childplay compared to what I've been going through lately... hahaha...
Giving myself 2+ stars for today's trading. Not bad on entry/exits. Just got really greedy at the end and telling myself $100 more, $100 more, eventually lost it all. Sorry late post today because I just drove down from norcal. Can't wait to trade seriously again tomorrow. My plan is to not go to big gains, but go for multiple small gains throughout the day and hopefully they will add up to something meaningful EOD. Before, I was trying to get 1%, 2%+ moves from a single stock. Now, I'll be satisfied with +0.3% for every entries. Even lower, just anything positive. Commissions will be costly, but I think it's nothing compared to the volatility my account is going through. We'll see how this strategy plays out tomorrow.