Gapper Watchlist at 9:45am: RCL YGE SOA PALM GOLD RT MPEL SPWRA FRO KMX CCL HPT STAR HSP
I’ve had my best week with prop trading since I started with 3 out 5 green days, and Gross $26.19 but Net -$27.86. I have to start making progress somehow and this is a baby step despite being so rusty. I traded 5 days in a row and my losses were not too great, so this was a decent live training week at a reasonable tuition rate. I know I got way more out of this than from my paper trading last week.
The set-ups went the way I thought would on all five trades; my two losers I did not wait for big enough pullbacks/bounce ups for entries and got stopped out before they went in the anticipated direction. I stayed in my trades longer and actually had some long winners after not having much success with buying recently. When I got stopped out of my GOLD short and it then pulled back, I thought about flipping long as it was acting very bullish and, of course, it really broke out from there.
I’m going to try to do a longer post this weekend to review all my trades this week and post more detailed charts.
Also, have a 5K on Sunday. Physical fitness will eventually equate to superior trading, I know it!