Notes:
8:29AM – Started in pre on pop back to $9.00
Small size just starter, conference call going on. Will only add to winner in pre.
8:58AM – Holding $9 pretty well no adds in pre. Willing to let it bang around in pre, but will be quick after the open.
9:05AM – Pull to $8.60’s but now bounced to $9.00, again no adds in pre.
9:14AM – Acting stronger, looks to spike at the open.
9:15AM -Somewhat postive tweet from AdamF.
9:30AM – Set closing order at $8.50 in case of quick pull.
9:31AM – Covered, looks to keep fading hard, oh well low stress trade.
Do you do this for every trade? Looks like an awesome way to document the thought process during a trade and to make sure you’re keeping to your plan ! Will try to incorporate this in my trades.
I “kind of” do, but more mentally, after my annoying silly trades yesterday I renewed my vow to document better.
All day yesterday I told myself I was too early on $QUOT and should not even be in $FCX, but I ignored all my self talk.
Example:
12:21 PM Need to get better at small losses, scaling into losers not working.
1:56 PM Just too early on $QUOT
2:22 PM $FCX silly real company chase.
2:35 PM Started $QUOT at 9:35 way to early.
2:55 PM $QUOT Day 2 should have waited for bigger spike, jonesing for trade too early.