Dinosaurs Are Fucking Stupid
Today was one of those days when I felt myself making a bunch of mistakes but I made them nonetheless.
I didn't add to losing positions or anything either... so I haven't yet figured out exactly where I went wrong. I'm still confused.
I know I got sucked into the movement in the fertilizer and agricultural names early and that got me trading in "active mode" in an otherwise slow day in the market. These stocks were great to trade early, but after that, they turned into shit.
I'm going to come back to this post later, after I go through each and every trade I made today to figure out where I made the big mistakes.
Here's the stats:
P&L, -$1967
Best, TRA, $714
Worst, MOS, -$779
52,300 shares traded.
23 stocks traded. 8 winners, 15 losers.
2 comments:
DINO,
I checked out your trade disasters label and notice 1 common thing immediately, which was your share size traded on your losing days was quite high(especially today) compared to your normal profitable days.
Also, you went into this week predicting that there would be a choppy action to the markets, knowing this, you should use the correct position size(perhaps smaller) and take profits accordingly (perhaps quicker).
Glad to see that you are reviewing your trades and learning from mistakes.
HPT,
Thanks.
What I've learned from reviewing my trades recently after "disaster days" is that doing so changes the psychology of the day. It turns a negative experience (getting smoked) into a positive one (learning and gaining confidence by reviewing errors).
I feel good right now even though I got smoked. Weird.
Anyway, thanks for checking into my disasters for me. I think you and I suffer from some similar pitfalls so I appreciate your advice.
-DT
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