Another painful week of non trading, so since I have no trades to recap I thought I would highlight some of the juiciest misses from the last week. Of course I have no idea why or what purpose it serves, perhaps just to keep me from losing my sanity by proving that my strategy works and is very high profit and low risk if proper money management is utilized.
Of course I’m contradicting myself to a certain extent, this recent post detailed all the reasons NOT to trade and now I’m bitching that I should have made 5-10 trades this week. Best I can do to justify this counter argument is to state that by being a part timer you will undoubtedly be confronted with stretches like this. When trades are not falling out of the sky into your lap, but they are indeed available and they will be missed from time to time. This pattern will repeat over and over for any part time trader.
Below is just a random sample of stocks I had on watch last week, yes they are cherry picked to a certain extent, but these are the only trades I considered making.
Looked to short the rollover at $3, it fell almost a full dollar to $2.20 before bouncing.
Would have loooved to short this midweek after a couple red candles. Had it on watch here.
Cripes, does it get any prettier to a short seller?!??!!?
I had this on “long term” short watch from a week or so ago, gee only $2 off its highs and still fading…
Much like PBTH I had planned on scaling into a short position, but never implemented it. Another stock off about $2 a share from where I started adding it to watchlists.
I actually have a witness on this stock, on the day of the big spike I told my business partner. “This POS will be back to a $1.50 in a couple weeks.” It is well on its way.
Its somewhat interesting in a way, I had pretty high hopes about this post and going in, I thought it would be fun to write. Now that its done, it didn’t turn out near as interesting as I had hoped and actually has done nothing but depress me. I’ll post it, only because its done and over with, but reviewing misses its not nearly as interesting as I thought it would be.