Trading Journal - June

i agree, sp500 doesn't have support until 998.

 

I'm coming across a few short candidates for swing trading.

IMO-

DNA - Short
Stop @ 39.00
Target @ 31.00
The rally is over and forming new downward trends. This stock has dropped a bit over the last couple days so I'm going to wait for a bounce and then take my short.

 

Short 2k KLAC @ 49.50

 

Covered 2k KLAC @ 50.01

- .51 points

 

Short 2K KLAC @ 50.24

 

Covered 2k KLAC @ 49.88


+ .36 points

 

Take a look a my first KLAC trade where I shorted at 49.50 vs. the 1 min 1 day chart. I took the short after a huge gap down when I always go long once this stock has gapped that big. Why did I go short after the gap down? I was trying to follow 3 other stocks and wasn't paying close enough attention to my opening order on KLAC and sent out a short, then I soon realized what I had done and decided to "play" it instead of closing out immediately. I can count on one hand how many times I've screwed up like this due to lack of attention. That was a $2K dollar mistake that I plan on never making again!

 

How was it a $2k mistake...looks like $1,020 to me.

 

If I would have gone long like I should have I would have made at least 1K instead of losing 1K.

 

Long 2k KLAC @ 48.94