NoDoji's Day Trading Log
- Thread starter NoDoji
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+ $943
First I had a nice AMZN short @ 118.03 off a lower high, eventually trailing a stop to cover @ 117.27 for +$225. Then I chopped and churned and basically overtraded, narrowing my profit a bit. My pet stocks suddenly seemed whippy and I recognized this state of mind and didnât want to end the day with 100 trades and a loss so I decided to step away, come back later, look at the big picture and take only the next strong confirmed setup.
SPY stalled at a slightly lower high after 3 pushes up from the low. Shorted both AAPL (197.21) and AMZN (118.98) with size (300 & 400 shares). Suddenly it was âYippie!â and I covered both positions on the pivots off oversold for +$362 and +$390.
Shorted X @ 46.37 pullback from a double top, stopped out on a whip for +$6, then it fell perfectly without me. My mistake was moving the stop too soon, because I was now protective of my profits and didnât want to incur any loss. You simply canât do that with X, because X trades with a lot of backwash and you need to simply trust the setup and accept the cost of admission until target is reached.
Calling it a day early, wanting to protect my nice gains and well aware that I tend to trade badly late in the day.
(Unless something really jumps out at me...)
First I had a nice AMZN short @ 118.03 off a lower high, eventually trailing a stop to cover @ 117.27 for +$225. Then I chopped and churned and basically overtraded, narrowing my profit a bit. My pet stocks suddenly seemed whippy and I recognized this state of mind and didnât want to end the day with 100 trades and a loss so I decided to step away, come back later, look at the big picture and take only the next strong confirmed setup.
SPY stalled at a slightly lower high after 3 pushes up from the low. Shorted both AAPL (197.21) and AMZN (118.98) with size (300 & 400 shares). Suddenly it was âYippie!â and I covered both positions on the pivots off oversold for +$362 and +$390.
Shorted X @ 46.37 pullback from a double top, stopped out on a whip for +$6, then it fell perfectly without me. My mistake was moving the stop too soon, because I was now protective of my profits and didnât want to incur any loss. You simply canât do that with X, because X trades with a lot of backwash and you need to simply trust the setup and accept the cost of admission until target is reached.
Calling it a day early, wanting to protect my nice gains and well aware that I tend to trade badly late in the day.
(Unless something really jumps out at me...)
Congrats on the good day! question, how many pet stocks do u have? or watch on a daily basis and what kinda trailing stop do you use in those volatile issues. Thanks keep up the great work.
Thanks! I've been trading AAPL, AMZN, X and POT. Thinking of adding MA and PCLN after watching their moves lately.
If the momentum is strongly in my favor after I put on the trade I wait until price is close to my target and then trail a stop about .20-.30 cents. I also trail a limit further away in case of a real strong move.
If the trade is kind of choppy or stagnant, I leave my initial stop until it moves about .30-.50 cents in my favor, then move it to break even or thereabouts.
nice trading... look stick with what is working.. do not add other symbols to your trading list.. there is plenty of liquidity for teh size you do in the stocks you are trading.. fantastic day
!Bang!
Thats what I'm talking about!
Thats what I'm talking about!
Great trading. I felt today I was more lucky than good, but better to be lucky and make money, which I did just not what you are making. Congrats.
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