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Day Trading Stocks with Discretion


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Day Trading Stocks with Discretion

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  #171 (permalink)
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bijeremiad View Post
1 winner, 3 losers. $60 net.

Magic of money management.Keep it up!-)

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  #172 (permalink)
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@iamcereal, perhaps better said 1 winner, 2 scratches, 1 loser. I just lump all the scratches together for simplicity. probably need to change that...

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  #173 (permalink)
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2 winners, 2 scratch. Net $459, third best day on record. 7th consecutive week of positive returns.

Trade 1 After a double top and a lower high, I thought I had a good short, but price failed to push through $161 (for the second time). Should have paid attention. Stopped at BE.

Trade 2 took a pullback to the EMA21. Had a great run. But then lost quite a bit on the retrace from $162.50 down to below $162, adverse move of $100, which shook me a little, but held my stop and did not panic. But once price was not looking strong after the push up at 9:15a, I bailed. Fortunately I had a plan to get back in if I saw a complex correction, which I did at 9:27.

Jumped back in for trade 3. Run up was pretty easy to manage. But toward the end the "how much longer can this run go" started pounding in my head. I had two lines marked, green at $164, resistance from many days earlier and orange at $164.35, the 52-week high. I bailed on a strong push up to $164, and again planned to get in if it broke out above $164.

Trade 4 was getting back in. When price pushed higher, I couldn't believe it. Fortunately that disbelief was met with a "hold your nose and buy it" rather than the more destructive "fade this insanity." However when price pushed through the 52-week high, I thought we had more legs. I thought briefly about bailing and taking a quick $60. Instead I watched price retrace, and I got out at BE.

I thought about 1 more long at 12:30, but was pretty content with the day. Held off...

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  #174 (permalink)
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Columbus day threw my trading week off, which now ends on Monday. Interesting last two weeks. Basically 8 days of treading water and then two strong days.


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  #175 (permalink)
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  #176 (permalink)
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3 winners, 1 scratch, 1 loser. Net $377

Trade 1 was a little earlier than usual, but we were dealing with a 52-week high, so when price pushed above, pulled back, and started moving up again, I did not want to miss it. Great run. I almost bailed early twice. But after a $3+ run up ( I was only long for $2.50 of it), I jumped after another unexpected push up started to sell off.

Trade 2 was a scalp that I thought about taking at the EMA21. Ended holding it for too long.

Trade 3 was a complex pullback.

Trade 4 was a test of the high of the day.

Trade 5 was a test of a channel bottom - was just a little early.

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  #177 (permalink)
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Two losers. -$80.

I really though we were going to have a pullback off the strong rally above the 52-week high. Was looking for shorts and took a couple lower highs to justify it. If I am trading with the trend, why am I looking for shorts just as the stock breaches new highs on the daily charts?

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  #178 (permalink)
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1 scratch, 3 losers. Net -$99.

Broke a rule for the first time in a long time. Did not stop trading after 2 losses. Cost me a little. Not a huge set back becuase I still honored the stop. Kicker is that my broken-rule trade was a flipper from short to long. Not in the best mental state today as evidenced by 1) fighting a range of consolidation, 2) overtrading, 3) flipping a position, 4) breaking a rule to try to recover the day's losses. All bad.

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  #179 (permalink)
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3 winners, 1 scratch, 1 loser. +$86.

Finally got my down day. Had a hard time staying in. Got shaken out on market action. Was beaten up over the last two days looking for a short after trends up on the daily chart, so I was skittish about being short a reversal. Played more defensively. Ok day.

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  #180 (permalink)
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1 winner, 2 losers. Net -$21. Lost all my markings on the chart. No comments.

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