Trade Review: Get After It
- Posted by TheArmoTrader
- on August 25th, 2011
Today I had a solid day in terms of profits, but I should have performed much much better. I do not care about the numbers, I just want to make the correct trades. If I do that, the rest (profits) will follow. I left a lot on the table. There are a couple of reasons why I did. First, I was too slow. I need to work on getting faster on the keyboard. Second, my focus needs to be 100%- when you take focus off for a bit, you could lose the chance at the entering into the best trades. Finally, I need to have confidence. My trading as of late has not been up to par of what I know I am capable of—and this effects my confidence. I just need to pull the trades and not worry about if I am going to be wrong.
Here are 3 trades that I should have traded better.
1) $PSS – Collective Brands, Inc.
My plan for this was to make a trade based on the inflection level of 13.30 I noted pre-market. Even though the extended-hours trading was showing bullish signs, I knew a fade was more than likely possible because of the size of the gap. Even though I caught probably the best short entry, my execution was average. I should have had more size, I should have been faster, and I should have stuck with the trade longer. On the 1 minute chart below you will see my executions/notes.
2) $GES - Guess? Inc.
This stock was a tricky trader. By tricky, I mean the liquidity was thinner then advertised, thus making the moves/wicks bigger. But that does not matter. I just need to adjust my stops/size. But my problem here was not following up on my conviction. I knew this stock was a short the instant it showed me weakness. But a lack of confidence hurt me here big time. Notes/Executions on 1 minute chart below.
3) $SPY - SPDR S&P 500
This was a missed trade. I mainly missed this one because I was TOO SLOW. I need to definitly learn how to be much faster on the keyboard. This has definitly improved over the past 3-4 weeks, but it is nowhere near where it needs to be so I can perform with the best out there.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus
Jerry Khachoyan is currently an undergraduate student at UCLA pursuing a degree in Political Science. He started trading in September of 2008. He concentrates on using technical analysis and reading the tape to enter the best risk/reward trades. The stock market to him is one of the greatest inventions by man.
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