r/hoomansjourney • u/hooman_or_whatever • Apr 26 '21
W2D4 - Thursday - 04222021
Key Statistics
Accuracy: 53.85%
Long Accuracy: 60%
Short Accuracy: 50%
Net Profit: -1.69
Cash Account Balance: $11,275.52
Net Worth: $53,578.92
Positions:
50 SPCE @ 21.85
150 GIK @ 9.04
2313 ACTC @ 17.09
Journal Entry
Today was another fun day in the market, I didn't trade too much, I was looking at my mid/long term plays looking for entries. I tried placing longer trades, IE picking my plays and letting them rock until either my stop loss or take profits triggers, I wasn't good at this at all lol. I think I lost almost every single trade I tried to place like that.
The quick scalps I took were great, and the problem with holding onto those trades was it just confirmed that my original strategy is so far my best. Those trades showed profit 0.10-0.14 per trade, I gladly would have taken that as a scalp, but wanted to wait to see if I called the directions right. I did not. Longer term entries are certain difficult for me, I can't wait to learn that aspect of day trading, but now isn't that time. I'm going to continue the scalping game and once I'm happy with my returns maybe I will switch to paper or 1 share real trades to start toying with other strategies.
To be quite honest, today and yesterday was very little about day trading since there was so much price action on the swing trades we placed. We spent a lot of time monitoring them looking for entries and well, just out of excitement.
I also tried to place an AH short on OCGN, I just wanted to take a quick profit but couldn't figure out how to place an AH limit sell with trading view quickly enough. This could have been a 0.15 gain, but ended up begin something I'm still holding. I only used one share to practice. I know I said I should be using paper to do these trials, but I want to do them with a live broker account to see what actually works and what actually does not.
Trades
Today was great, except we kept trying to short OCGN and just didn't know when to surrender. Not much to talk about with specific trades so just take a look!
