Day 17: Daily P/L - $15.25 , overall + $21.55. Eve...
# active-trading
s
Day 17: Daily P/L - $15.25 , overall + $21.55. Even though i was down today 7/11 trades played out for a profit which puts me around the probabilities i am looking for. I was still too aggressive with my stops although i realize from testing on Sunday it is where my biggest problem is now. Only 2 trades went completely against my expectations which was LVS and NVDA. LVS i just misread the signals and was not strict enough on the criteria, and NVDA i shorted not realizing we were at record highs and that is where i lost the money today taking multiple trades on it before i realized. Strategy seems to be working well i just need to work on my patience and give good trades the time to play out. I was at my desk all day except a 10 minute break and although it makes me feel like i am working hard, i definitely sabotaged multiple of my trades by not letting them play out to the target. Play of the day is PLTR , even though i was late on my entry, if i had just been patient i would have been up today a hundred dollars from that trade alone. Signal was shooting star candles around the low of previous day , i moved my stop up too aggressively and made about 20 dollars, then watched it take off the rest of the day.
• LVS - ORR - Short - 55.68 - Stop 55.67 - Profit - Stopped out for slight gain and went opposite direction, misread the signals. • ZM - ORR - Short - 82.72 - Stop - 82.58 - Profit - Limited gains by stopping out early - later hit target. • AMD - ORR - Buy - 162.94 - Stop - 163.87 - Profit - Good trade. • PLTR - ORR - Buy - 152.73 - Stop - 153.92 -Profit - Limited gains by stopping out early - later hit target. • AAPL - ORR - Short - 228.36 - Stop - 229.16 - Loss - Stop was too close - stopped out then later played out as expected. • EA - ORR - Short - 172.84 - Stop - 173.88 - Loss - Stop was too close - stopped out then later played out as expected. • ADP - RR - Buy - 304.85 - Stop - 304 - Loss - Simply messed up and picked the wrong spot - later played out. • NVDA - RR - Short - 180.57 - Stop - 181.48 - Loss - Did not realize i was shorting at all time highs and lost all my gains here. Strategy does not work at new record highs or lows. • CVNA - RR - Short - 362.87 - Stop - 362.67 - Profit - Too far past open weak trade. • ORCL - VPA - Short - 237.05 - Stop - 236.89 - Profit - Limited gains by stopping out early - went a little further. • CVNA - RR - Short - 366.70 - Stop - 365.67 - Profit -Late day trade so I was aggressive with stop.