Day 18: Daily P/L + $19.24, overall + $40.79. The ...
# active-trading
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Day 18: Daily P/L + $19.24, overall + $40.79. The highlight today was the ORR even though i had a loss on 1/5 all of them played out according to plan 80% on execution for the main strategy today. I moved up my stop too aggressively on a couple that were slower to play out and missed out on significant gains, i would be up over 100 today if i just walked away and let the ORR trades play out. The box trades i took was 1/4 , the 3 losers were just all weak candles and price action i should have stayed out of so took some small losses there. I will show pictures of both a big winner that hit the target V and a big loser i was slightly too early on and got stopped out but later would have hit the target. Lessons learned today is i just have to trust the setup and stop moving up my stop losses unless i have a technical reason to do so. I feel much more in control of what is happening at this point, i think it is just fine tuning the execution of the strategy under pressure and not taking setups that are questionable. The screenshot for MP where i took a big loss first thing in the morning i entered right before the second candle closed that did look like the power towers, but it reversed and then the next 2 candles were the power towers i was looking for. It then hit the target without me. For V it was picture perfect, shooting star at the previous days highs pushed up quickly, entry on close below that candle and it played out within 30 minutes and hit the target.
• MP - ORR - Short - 73.93 - Stop Loss 74.72 - Price at end of day was 69.72 and hit target. Bad entry did not wait until full confirmation and lost 40 dollars right at the start, next two candles after entry was the power towers and it then reversed gloriously without me, using a wider stop would have saved this trade since i was early but right. • ENPH - ORR - Short - 38.95 - Stop Profit - 38.69 - Price at end of day was 37.97 hit target, but i moved the stop up too far and missed it for a small gain. • LVS - ORR - Short - 56.53 - Stop Profit - 56.52 - Price at end of day 56.19, did not hit target but I could have done better. • CZR - ORR - Short - 26.97 - Target Profit - 26.69 - Good trade, hit the mid range target. • V - ORR - Short - 351.86 - Target Profit - 349.92 - Good trade, hit the mid range target • CVNA - BOX - Short - 370.16 - Stop Profit 369.69 - Moved stop based off technical analysis and it then reversed above, good stop control. • CRM - BOX - Buy - 244.25 - Stop Loss - 243.74 - Entered based on three weak shooting stars then it dropped and reversed on power towers candles, weak price action. • ACN - BOX - Buy - 254.44 Stop Loss 253.54 - Right candles but weak price action. • BAC - BOX - Short - 49.79 - Stop Loss 49.90 - Tried to short at all time highs again off a previously set alert, was not paying enough attention and the shooting star was small, closed myself for a small loss after waiting 30 minutes to see if it would move.