Friday, 2 February 2018

Day 1

Just gonna be a personal diary to track my progress with trading.

Shitty day.

Trades of interest were $BSPM and $EBAY. RIGHT off the bat did not follow my plan well with $BSPM. Took PM starter at 3.6 as I felt level 2 was weak and was comfortable with it testing 4s where I would add to my starter. Right into open, genius me decided to add twice the size at 3.6 w/o any reason. Spiked to 4, expected right? Added small like I planned at 4, and genius me decided 5 minutes after first add at 4 to add AGAIN for no reason. Price action tested 4.2s broke and cut losses. One would think I would take a step back and let the chart play out since the plan did not follow through as I thought it would. Genius me for the 3rd time decides once again to be a fortune teller predicting 4.3s to be the top, started, got scared out and cut losses at 4.4s.

$EBAY. This went exactly the way I wanted but my emotions from $BSPM caused me to stop out of the trade for no reason. Started 45.9 risk o/u previous close. faded and broke VWAP. No reason to sell and if anything i should be adding pops with risk on entry and letting the trade work. Too much emotions from $BSPM led to emotional cover for no reason.

Doubled losses for no reason. Wtf is wrong with me.

*Update* $EBAY at 45.65 huge bid propping around that area soaking, if grinding carries on would have been the right time to cover some. Damn. Not feeling too good about myself today, just gonna step back and watch. Definitely gonna do something stupid if I enter another trade today.

*Updates on Updates* EOD $EBAY faded the whole day, probably wouldn't have held through the whole day but definitely would have took profits around 45s grind for a 0.90 profit. $BSPM, could've had a minor loss but looking interesting for a 4 b/d play next week. $QNST, wasn't really looking to play this but turned out to be the best play off them all faded more than a dollar per share. $TWTR was kinda looking into it but long biased as I didn't want to be on the front side of the short on this. Plan was more squeeze to break prev day highs or even 30 daily resistance or a short on parabolic towards 30s. Couple of long opportunities on the bounce off 26 daily support but was not in the right frame of mind from the $BSPM trade but could be interesting for next week if price peaks out at 26 for further fade.

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