Day trade report - Friday, 22.07.2017





Red day today.
I felt ok but as i was entering i realized that i didnt have a stop in mind so i didnt consider the risk im taking. Other than that i dont feel like i did much stuff the wrong way.

First entered MSFT short

Ended up chopping back and forth, so i exited only to start thinking that last time i exited at a similar point where it was about to break VWAP, so i entered short again. It broke but bounced back up right away, so i now i had enough and exited.
Later on i realized that i had got the size wrong and suddenly i was long 100 shares.
So i got stressed out and accidentially sold too many shares, so i had to buy back those 100 shares again. Stupid, unprofessional and noob material. THAT i really have to cut out.

Next, i traded GE

Thought it would just take a breather. I guess you could call that chasing but i think Nate would refer to this as one of the good chasers.
When it broke back under vwap i exited.

Next was LOW


This looked like a nice ABCD pattern setup but i guess i was too early.
I had this one on until i decided to go to sleep.
This was the only profitable trade today.

Lastly, while LOW wasnt doing what i wanted i accepted that this wasnt going to be a good day, so i thought id go and try something i had seen on youtube.
So when HD started snapping lower rapidly i tried buying into that weakness and then sell into the bounce.


Buy into weakness, sell into strength, right?
So while i was green for a second, i didnt have enough size to make a difference.
The way i see it on claytraders channel is more or less like this and really fast small profits, but ill definitely have to use more size which will be difficult with a $150 stock.
But was a nice try.

Looks like today in general is a tedious and slow day, so i dont attribute everything to my skill but also the environment.
I think i have to trade a bit closer to what the people in chat are trading for now.

I have enough time left to practice. Next try on Monday night.

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