Day 20: Daily P/L - $15.95, overall - $ .71. 9 Tot...
# active-trading
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Day 20: Daily P/L - $15.95, overall - $ .71. 9 Total trades with 6 being closed for a profit. All ORR trades from the morning did play out in one way or another i just did not manage the stops as well as i could have and lost money on some where i could have gained. I also made a mistake going back to short AMZN based on the BOX trade without moving the high up after it had been hit, because of this i did not realize i was shorting right onto what had then become support. I realized my mistake a little too late but decided to hold to the next reversal, double down, and then cut my losses in a better overall position, this did work and i cut my loss by about 50% from around 40 to 20, but just a mistake trade on my part. Play of the day is AMZN as discussed got in after a 15 minute manipulation up and it hit my target very quickly, excellent. Then got back in mistakenly and ended up probably breaking even overall after the loss. Accuracy seems to be pretty good and improving, i just think i need to trade fewer stocks at one time until i polish all the parts of the strategy.
🆒 1
• AMZN - ORR - Short - 229.66 - Target Profit - 228.37 - Power towers at open combined with RSI, manipulation, and previous days highs, good trade. • SMH - ORR - Short - 298.07 - Stop Profit - 297.96 - Late entry since i wanted to see more confirmation, small move played out and then reversed and stalled in the middle, could have moved stop up for better exit. • ANET - ORR - Short - 135.20 - Stop Loss - 135.34 - Immediate reversal where i could have made a profit, but i did not move up my stop until later and took a small loss. • SMCI - ORR - Short - Stop Profit - Moved up my stops for small gains, later went to the target, should have given it a little more room. • NIO - ORR - Buy - Stop Loss - Pattern was good but my entry was filled in a bad spot giving me a really weak entry price, did not move much and i moved up my stop for a 2 dollar loss, later moved to target. • PLTR - ORR - Buy - Stop Profit - Moved up my stops for small gains based on trend analysis, later went to target. • AMZN - BOX - Short - Stop Loss - Improperly used the box strategy after previous high was already hit and did not move up the bar. Trade went completely against me and i held until the next reversal then doubled my position on the way back down to reduce the losses by almost half to -20. Now realize i was not moving the box along with the highs and lows of the day. • ANET - BOX - Short - Stop Profit - Shorted this again using the box method correctly mid day, expected a small gain and moved up my stop instead of trying to swing for a homerun and made about 8 dollars. • SBET - BOX - Buy - 18.43 - Stop Loss - 18.45 - Broke previous lows then looked back to last weeks lows and waited for confirmation of reversal with power tower candles, day was ending so aggressively moved up my stop for a gain of a few dollars.