So my goal for yesterday was to use patience, I followed through and did that on the best trade of the day $VGLL. Wanted a fill at $3.50 but it never quite got there so I entered when it looked to be running out of steam at $3.20. Nice all day fade and was tempting to cover. But going in my plan was to hold O/N and wait for a real crack. I like the looks of it, basically closed right on the lows.
Goal for today, kind of patience related but its more just being willing to sit on my hands. Took a couple losses trading $PBR yesterday. Both of them were manageable and losses are part of trading. But what I DO NOT like about it, is I only traded it because I didn’t see anything else. There are SO many reasons I should not be trading it, its NYSE, its “real”, its based on Oil etc. I have no edge in a trade like that and I’m only shorting because I wanted to be in something. Good news is I have not done that in a long time. This was a good reminder to not do it again.
Today’s List: Full list from Yahoo Finance
Goal is to cover into any washes or at the EOD if it fades or goes sideways. Will try and hold any small spikes since I think it cracks.
This needs to go on the ignore list.. Keep thinking this cracks especially with $ADRO fading like crazy. But annoying the way this trades.
Keeping my idea of a starter entry at $5.25, I think it hits it for sure today. These are the times I need to work on going long. For days I’ve been saying it goes to $5.25-$5.50, when its sitting at $4.75.. Oh well come to me baby!
Looking for it to hit 52’s.
This is a miss, probably fades for days. But if it can get one more squeeze out I’ll trade it.
Annoying NYSE stock, will trade, but ONLY if it comes to me.