I have been practicing less lately as life has taken my focus in various directions. Getting back into it all now though started small with first couple of trades this year, but staying in gains. Quick trade here on MRIN not a bad fast return, but a bit steep for .09/sh. Got to get comfortable again though and not a bad start to the year.
Did I mention NBEV was a better short than I could have imagined today? Ok I must watch these closer I literally could have held this position all day and had round a .60-.80/sh gain. All good excited to be in right mindset and position, now to study and be patient with it.
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On track, but left way too much and sold way too early. I got busy with a few things luckily and let it fall back, but then wanted to take gains and run. As I am posting it is at $6.03 on its way back from the $5.80s, left a lot on the table as this one, but at least took a gain and didn’t take a loss.
A bit of a slower week on my paper trades and activity. I’ve been gearing up on a few projects and just had some days that I couldn’t fully dedicate so sometimes the best trade is no trade especially if time and schedule is limited. Not a bad week still gains in my paper trades on the days I traded. I love the acclimating to the balance that can come with trading and making it work for me and my schedule. Looking to trade more next week as time and schedules permit.
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Had a Citron alert with a price target of $65 so made a quick paper short here. I actually made a mistake and bought first then was about to quick sell and reverse my position. This is a higher priced stock than I usually play, but working on expanding my view and applying the rule of 10 a bit. This was also my larger paper account so I had plenty to cover the position and give it time to fall a bit. For a quick trade not bad, but lots of risk and required a sizable account to take position. Left a lot on table continuing to fade this afternoon could have held for another dollar per share as it is at $92.68 as I’m writing this.
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Monday’s don’t seem to be my best, last Monday I lost a bit. Today I was down at so many points I was glad to be done. Had an initial good paper short on NBEV should have used bigger size on that one. Then things got messy ATOS looked like it might be topping out so I made an initial short at $1.68 and it bounced back up so I covered and went long, missed a quick small profit and it fell, added to position on the dip and then oversold to get short. Had a dip and I took it with no patience and just ready to be out. It did continue to fall and could have been beneficial to hold. All in all glad I didn’t go real money today. Still ended up with gains on my paper accounts for the day, but way too stressful of plays and not great ideas on ATOS.
| Trade Totals – Week of Nov 26-30 | |
| Date | P/L |
| 11/26/18 | -$5.20 |
| 11/27/18 | $273 |
| 11/28/18 | $155 |
| 11/29/18 | $280 |
| 11/30/18 | $130 |
| Total | $832.80 |
I am happy with my results this week, In thinking back over the paper trades this week as long as I stuck with my plans and stocks I was watching they turned out well. Monday I made a mistake and followed an alert, but cut the loss quickly and realized I should not have played it. Key stocks I watched and played paper with this week were $ANY, $ASNS, $ALQA, $OGEN, and $NBEV. $PURA was my Monday play they was following an alert while it had some movement I wasn’t watching for right entry and exits and simply made a mistake following an alert. Following that one I made sure and followed my own stocks and made my own plans the rest of the week. All in all happy with how it is progressing and really considering going real next week.
This could have gone bad fast, decided to make a play on NBEV. I had a tight risk of $4.60 and shorted at $4.56 took quick gain when it started to bottom and definitely wasn’t a bad idea. This one consolidated and decided to go for a bit of a run this afternoon. Took quick gain in paper, but not a recommended trade. Bigger and safer moves at the bottom where I covered as volume starts gathering before it moved into $4.70s. Should have reversed this position on my cover and held long a bit. Always a lesson and something to help me improve and grow.
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I could have benefited from holding my short today, I had a paper short position of 1000 shares at $1.32 so far high of day was $1.35 and it’s been down to $1.15 since shorting. A bit more patience and this one would have been doubled at least.
Not a bad trade, but not quiet the 5 minute trade from yesterday. I went both ways on this and missed a lot of it. Chased a bit, but was able to sell for a gain then went short and covered for another small gain. All in all not a bad week in practice. I’m definitely considering going back to my real broker accounts next week. As long as I maintain patience and planning I feel I’ll do better now.
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