KGTrader4 Paper Trading Journal - My Training Wheels
- Thread starter KGTrader4
- Start date
Haha. No I can take it. Remember, I was in the business
You think that might be a detriment to becoming a trader?
You got a lot of stuff to unlearn.
No doubt. And I recognize it sometimes. I try guard against it
Raised stops
UNH TO $540 was 515, then 530 (above)
PSA to $399.00 was 394
XLRE to $48.50 was 45
Leaving XLV AT 135, FEEL LIKE it deserves a little room, i consider it defensive in nature. Same for XLE, leaving at $74, sector is in uptrend, it deserves some room
Just not liking the market action, we have another 200 points to SPY support, if i get stopped out its fine, small losses one decent gain, and i should probably not trade against the trend (meaning should not be long) anyway.
With that said, i am liking DVA, but holding off, might buy on pullback
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OK, while i was posting above, i got stopped out of UNH at $539.91. Cost was $515. i had already sold 10 shares at $546. So profit on the trade was $1285.00. I feel like i managed this trade pretty well.
I'm now left sitting with three positions, two minimal losses and one minimal gain, all three on short leash with very tight stops
I'm now left sitting with three positions, two minimal losses and one minimal gain, all three on short leash with very tight stops
You want to buy the stock because you think it will go up but in order for you to buy you want it to go down. Do you see a conflict of emotions?
Ahhhh, I’ve been waiting for you LOLYou want to buy the stock because you think it will go up but in order for you to buy you want it to go down. Do you see a conflict of emotions?
no not at all. It’s extended. And I want to see it come back in a bit. In a different kind of market I might be more interested in taking a partial position (which is what I’d do if it pulled back in a bit). But in this kind of market, as I’ve quickly learned, chasing is a bad thing, it is a detriment to finding low risk trades.
did I pass the test?
actually 4 positions.