Opening, VST stopped out. locked in profits on 250 shares (50%) of KWEB & 100 of ITW (33%) Opening nice, remains to be seen, what the day has prepared. Edit : hour later, stopped out on CMO as well.
Watch-list for swings and overall account balance. Loss was reduced down to 9k, but last week brought it back to 12k almost. Messed up allocations for positions. Daily work and overtime, had it's impact for sure, since there was barely time left for sleep. ( sounds like excuses, but that's the reality at this time in life ). Today took a day off, maybe add some positions. ( only 4 now ) Update :
Well, apparently in think or swim, you can't sell your positions in premarket hours, be it a stop loss limit order or market order. Same thing happened with twitter and under armor, in the span of 1 week... EDIT UA : it's like 15% loss by now & i still can't close . Horey cumba ja. Back to where i begun. At least yesterday, i had almost 2k green day, was following MA's with OLN, had the full ride down with short, and managed to catch 30% of bottom with long in 1 min timeframe.
Down 15% so far, this year. (well, at least im no fit, for 90/90/90 club ) Tested some stuff (sounded like Dave Chappelle), another 10k loss because of it in august. (what happened in reality, i traded TSLA on 5 / 15 min candles, pretended to be wolf of wallstreet and got f up , tho the possibility of learning that too, will never go away, just more cautious approach will be learned/studied, first) That's the bad news. The good news, that the pain of loosing, made me to : * Entering positions is based on weekly charts (with accuracy adjustments in 4 hours time frame, basic fundamentals included too) * Portfolio made out of stocks with BETA from -1.0 to 0.5 ( this way - the markets volatility and trumps twits - ain't gona matter that much ) * I try to maintain my exposure of shorts equal to longs, or at least no less than 33% of total capital. * Giving more look to position sizing as well. Averaging up winners. Results for the past 10 days or so : Thinking about position allocation in different markets for future : 30% Equities 30% Commodities ( trends 1 - 2 years ) 30% Forex ( trends 1 - 2 years ) 5% Cryptos (the trash isn't correlating with anything) 5% Options Futures, bonds, maybe too. The percentage will change, i just starting to grasp this concept. The goal - swing trading, uncorrelated portfolio, 10 - 20 positions. The time should provide a results, im sure it would beat the market, maybe 20% per annum, maybe 30%. If i get away all the time with 30% - im more than happy. And a sticker from the corner of my laptop : Couldn't be more open with this post, ego didn't like it, but rational mind is breathing freely now. For desert, something to raise morning mood :
Just noticed my exposure in energy sector , too much of correlation, got to figure out that in future too. Took a screenshot , of questions, that one receives when looking for seed capital, to open hedge fund. Yesterday 600/700 green, today $100 down so far.