I was basically break even for the day when FUQI broke out but just as quickly reversed and I for the second day in a row, did not have a stop order in……
| Stock | Shares | Gross | Fee | Net |
| CAT | 200 | -53 | -2.87 | -55.87 |
| FUQI | 200 | -108 | -2.28 | -110.28 |
| ALV | 200 | 8 | -2.33 | 5.67 |
| PKG | 400 | 10 | -5.56 | 4.44 |
| WERN | 200 | -20 | -2.76 | -22.76 |
| LXK | 200 | 47 | -2.74 | 44.26 |
| -$134.54 |
As I wrote above ~
After a 6-week period of modest gains (where hesitating and not letting my winners run were my biggest issues) over 2 days I’ve given all that profit up. So back to basics until I get things turned around:
1) 3 trades per day limit.
2) Return to using platform’s order management system so I can put a stop order in before executing my entry (will means I will miss some trades).
3) Discontinue trading for the day when I do not use a tight stop or when I double down.
Since I have a limited number of trades, I hope this will help me not chase price (higher probability entries with tighter stops) and follow my exit rules to maximize my profit (letting trades mature instead of just scalp profits).
