Frosty's Discretionary Journal

A mere few minutes since closing this position, it has dropped another: 3.5%

Looks like my gut was wrong to get out.

 

How well does the 'a bird in the hand is better than two in the bush' adage apply to trading?

 

Feels like an eternity since the last time I got a signal. Will be going long AGN in the morning.

 

25% a month is pretty impressive...

If you hold a max of 4 positions, do you put a full 25% of your capital into each, or do you make adjustments based on volume etc?

 

I put a full 25% in each position. I currently do not alter the percentages, because I do not know which positions have a higher probability of succeeding. Therefore, I have to play each position equally.

 

I debated with myself whether or not to enter AGN this morning due to the botox news, but I decided to enter anyway. In at: 57.26

 

Looking to enter AXS and ALNY at open tomorrow. Still holding AGN. AGN has been holding up fairly well since I entered it considering where the market has gone.

 

LONG ALNY at 25.17
LONG AXS at 35.36

 

AGN is set to be closed on tuesday. Since that will be 5 days.

Looking to open a position in CMED monday morning.

 

Long CMED at 35.85