Crazy day. Made only $10 dollar on five trades. But had to made a lot of money back from a $300 loss at the opening. Today was another July 27th near blowout miracle. I was lucky that I knew the market would reverse when my account hit near bottom. If it had went any lower I might had been forced to sell. I'm lucky I knew the market would eventually get back to where I brought. And I'm lucky I knew where to get out too. Lot's of patience and praying in trading today. I hope today like on July 27th signals the beginning of a series of big gains. After commission, my account has the exact same amount that was left after the 27th. Which is $705. So maybe that's a sign. Today was a lot like the 27th in how the market moved. My mistake today was trying to forecast where the market would go in at the opening. Many times it's hard to figure out the direction due to a lot of choppiness at that time. But from today, I think I know to find the direction. Only had 4 hrs of sleep last night.
$129.26 net on a SPY options position I opened yesterday. $42.41 on a USD/NOK scalp. $171.67 total. Not a bad day.
+$708 Had nice early trades, but allowed previous price action to influence my 2nd b/o trade and I took profits about 30 ticks sooner than my usual trade management rules would've indicated. Avoided the early long signal following inventories because the stop was too wide. Didn't trade midday, range too narrow. Returned from a break and placed a buy stop @ 75.51, removed it, placed it again, removed it again. Price should've reached out and smacked me at that point, because it was THE best upside break of the day. Tried a couple pure counter-trend plays, no dice. Placed a buy stop @ 76.13, but CL was out of gas, so I took a confirmed counter-trend entry, and it showed me target, but I wanted more, gave up the entire $200 profit, then didn't take the 4th entry. Regarding POT: When I opened my platform yesterday, I noticed right away that someone had replaced the DOM that used to have POT on it with some other stock that was trading in the $146's in pre-market. Oh wait! That was POT!
Needed to realize a big loser I was holding since last week. A fairly quiet day again, added a few overnights. Oh VIX, when will you rally again. A tip to all blotter posters: use PNG instead of JPG - it's 5 times better quality and 5 times smaller. JPG is designed for photography, not for graphs and text. 0818: -$332
16 trades, and tons of cursing from 2pm onwards ..... -0.75 pts nett. 6 winners. Missed the lunch break runner - I've decided not to trade lunches - as well as the final cratering at the end since it was 4pm already (although in retrospect, that was a nicely formed wedge). I need to find a clear, reliable way to avoid the chop, even if it means entering trades later. I was up 4.5 points in the AM, and to see it whittle down to a nett loss is painful to say the least. Still no success with the Prt Scr. I'll fiddle some more with it. Gotta say, its kinda therapeutic to post daily results here