Tuesday, January 11, 2011

01/11/11: Day Trading Review: APOL & LEN

Analysis/Review: Missed a ton of trends today and unfortunately scalped too much. Gave back almost half of my day's gains into the close with a few less than ideal setups in APOL, LVS & WFMI. Need to only be willing to risk 33%. Below are the 2 stocks I traded multiple times. The ones that got away are the coal sector, RIMM, oil names, etc...

Goals


1. Trades to hold
2. Maintain a RR above 3 with +5 being ideal
3. Try to keep that Win ratio above 60%
4. Try to work on exits (reasons to sell) & trading around a position
5. Screen recording to replay the action


Stats


Total Trades
12
% Winners

41.67%
Losers
7
ROI Losers

-$4.29
Winners
5
ROI Winners

$8.40
RR
1.96


APOL


LEN

*The above trades were meant as day trades only. There may have been other trades I called out on twitter that do not appear here because they were not intended as day trades & were taken in other accounts. Those are not covered in this analysis. Thank You.

1 comment:

  1. Before initiating any trade if we haven't already figured out at what point we would be wrong and would want to cut our loses or at the very least reevaluate our position from the sidelines then we shouldn't be putting on the trade in the first place.Thanks.

    Day Trading Class

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