I’m intentionally scaling back my trading per my trading rules. I got in the mode recently of overtrading and while it was profitable, it was just barely profitable. When I get into the full on “hardcore day trader” mode I invariably enter too many bad setups and give back the profits on the good setups. Not sure why I forgot the rule of only taking 0-3 trades per day but I did….
Trading 10 times a day makes it hard to review trading logs too, plus its hard to make a recap video on tons of trades. I think its more informative and more profitable to just focus on 0-3 GOOD setups a day. And avoid the mediocre setups, less “hope and pray” too.
Today’s List: Full list from Yahoo Finance
Traded this yesterday and I’m currently holding a loser. Was to early on the short, should have waited for the big move in the afternoon, as opposed to trying to short the fade early on. I’ll be cutting this loose early unless it consistently fades away.
I never shorted this last week because of the lack of borrows. Still no shares at $IBKR but I want to watch it, interesting story of resigning executives and potential investigations etc. I’ll also be ALFSS.
I’ve made piddly profits on this here and there, but I gotta believe some day there will be a big crack. From what I can tell they just keep recycling the same news over and over and over again.
I would loooove to short the maker of that stupid ass bowflex… This looks to be ready to fade back, but it is a real company so that makes it a pretty mediocre setup.