9:45am Gapper Watch List: TC IPI POT MOS AGU TTM TNDM NFLX SMG WLL SVNT
At one point I was over $100 in the hole and thought I was going to have a blow out day reaching my $200 daily loss limit….the only redeeming part of my trading was sticking with it to break even on the day.
| Stock | Trade | Shares | Gross | Fee | Net | Note |
| POT | Short | 200 | 75.53 | -3.72 | 71.81 | Luck on fast moving stock |
| WLL | Short | 200 | -32 | -3.35 | -35.35 | Stop order not executed |
| MGA | Long | 200 | -21 | -1.92 | -22.92 | Accidental entry by hotkey |
| NFLX | L & S | 300 | -45.58 | -4.35 | -49.93 | Second trade cut loss |
| SMG | Short X 2 | 400 | 25 | -5.22 | 19.78 | Averaged in and out |
| AGU | Long | 200 | -3 | -2.89 | -5.89 | Tried to flip, no shorts avail. |
| MOS | Short | 200 | 27 | -2.92 | 24.08 | Left significant money on table |
| 25.95 | -24.37 | $1.58 |
I did accidentally enter a position (MGA) by inadvertently hitting a hotkey on my platform so that put me in the hole right away by $23. Again, there is nothing technical to learn from my trading here. I was sloppy, and ended up engaging in over trading behavior and micro scalping.
However, my goal right now is to be active in the market everyday (albeit with small positions) to slowly learn and develop skills that are not coming with paper trading alone. Very simple things I need to do:
1) Only enter high-probability set-ups.
2) Do not hesitate and enter trades when I see them.
3) Cut my losers by having reasonably tight stops and not over-riding them.
4) Let my winners run by taking partial profits on the first half of the position.
5) Avoid ordering errors and silly mistakes.
6) Trade the charts not the status of the account balance that day.
7) End result: lower number of trades, more profitable winning trades (instead of scalps) and smaller losing trades.
