Trade Review: Get After It

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.

The Trades

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tags: $PSS, $GES, $SPY, $STUDY

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.

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