I was a little disappointed that I missed the BIDU 106 B/O trade which @openminded called out & prodded the twitter stream to take. Missed a quick scalp there but the choppy action early on left a sour taste and made me real hesitant to trade unless there was an excellent R/R.
Winning percentage: 75%
ROI on Winners: 77.68
ROI on Losers: 21
ROI W/L: 3.70
Things to work on:
1. More dedicated focus on market
2. Reasons to buy and sell (i.e. 20EMA violation)
3. More preparation
4. Better entries & exits
TZA: Excellent trade here, was intended to hedge against a SPY sell-off and worked from the beginning, sold sum when the momo slowed but still held a core for a larger move and exited when it brok the 20EMA.
RIG: Good discipline. Was playing a bounce and was only willing to hold if that 70c level held and hit out appropriately when it broke probably could have tightened stop to 69c instead of 67c
LVS: No real reason to sell when I did, should have held at least until the 20EMA was broken or it lost the TL
DO: Not a bad trade here. Exited when it broke below the 20EMA & failed to hold VWAP. Just traded within a range for remainder of day. Will look to re-enter on Monday for continuation post GS upgrade.
*Sorry for any grammatical errors or proper English issues. This is meant more to be stream of consciousness and unfortunately I don't have time to refine drafts.