Discussion in 'Journals' started by chonkore, Jan 20, 2006.
I start this thread so I can record all the mistakes I would make in tradings.
1. Failed to take profit while I could.
2. Trade something unplanned.
Holding Citi now.
Two planned round-trip trades done, profit +$178.68:
CCK: bought 1,000 at $18.7, sold at $18.85
MO: bought 200 at $74.45, 200 at $74.2, sold at $74.54
What is your trading plan? Are you closed by the end of the day? Why are you holding CITI?
I usually close my position by the end of the day.
I am holding CITI coz it has not broken the upward trend and I made a mistake entering into position too soon.
Made mistake trading QQQQ: not being confident enough when adding short position.
Didn't follow the trading plan, adding too much position at the same day.
Very stupid mistake. Meant to put a stop limit order, yet put in a LIMIT!
Anyway, stop out 75% of TXN holding with small profits if counting LIFO.
Separate names with a comma.