nkhoi, I understand, no problemo. But now that you are here, do you have any comments on the trading journal? (you didn't think I'd let you go just like that, did you? )
I exited the following positions yesterday: NATR LONG EXIT AVG. $9.2 +.74 (PARTIAL) IMR LONG EXIT AVG. $9.53 +.32 (PARTIAL) WFMI LONG EXIT AVG. $71.9 +.90 (PARTIAL) PRSF SHORT EXIT AVG. $7.34 -.30 SSP SHORT EXIT AVG. $94.1 -. 70 And I entered these two trades this morning: YCC LONG $27.8 RISK ~ .7 GPI LONG $38.1 RISK ~ .9 As always, keeping my fingers crossed.
I exited the following positions yesterday: GPI LONG EXIT AVG. $38.44 +.34 IMR LONG EXIT AVG. $9.62 +.41 (PARTIAL) NATR LONG EXIT AVG. $9.68 +1.22 WFMI LONG EXIT AVG. $72.11 +1.11 YCC LONG EXIT AVG. $28.1 +.3 (PARTIAL) And I entered these four trades this morning: ACV LONG $62.54 RISK ~2 SSTI LONG $12.7 RISK ~.3 Q LONG $4.31 RISK ~.2 CI SHORT $54.31 RISK ~2.1 As always, keeping my fingers crossed.
I exited the following positions yesterday and early this morning: ACV LONG EXIT AVG. $62.9 +.36 (PARTIAL) SSTI LONG EXIT AVG. $12.74 +.04 Q LONG EXIT AVG. $4.61 +.3 YCC LONG EXIT AVG. 28.44 +.64 IMR LONG EXIT AVG. $9.78 +.57 CI SHORT EXIT AVG. $53.9 +.59 I entered these 4 positions this morning (this part was added in a bit after 10 am) ACTL LONG $27.15 RISK ~1 CDIS LONG $24.61 RISK ~1 NTIQ LONG $13.76 RISK ~.6 BRCD LONG $7.00 RISK ~.4 OK, let's what will happen now
I exited the following trades: NTIQ LONG EXIT AVG. $13.61 -.15 (PARTIAL) CDIS LONG EXIT AVG. $24.83 +.22 (PARTIAL) ACV LONG EXIT AVG. $62.82 +.28 BRCD LONG EXIT AVG. $6.84 -.16 CI SHORT EXIT AVG. $53.41 +.9 No new trades today - just kick back and catch up with my reading - it's Friday, February 13, in a leap year - good luck everybody!!
John, have you noticed on a percentage basis, you are letting your losers go a bit longer on the lesser priced stocks?...
Soesman, Good observation. Yes, this is a problem I haven't solved yet, or, at least my solution is not very elegant. It is my perception that it is harder to daytrade a low priced stock, because just noise of the market tends to create trouble with your stops if they are too close. I find it easier to daytrade higher priced stocks, but maybe it's just me. And, although this journal here is basically about swing trading, I do tend to daytrade the positions a fair amount. The way I handle this problem is to try and buy/sell fewer lower priced shares than a straight pecentage would dictate. In this way, I keep risk pretty close to the same "per trade." But, I do look at the chart and make sure I want to play that particular low-priced stock under these conditions. Make sense?