Trading Notes -- 20190111 Friday
Had to leave office at 10AM for endodontist appt… miraculously got borrow on SAEX but jammed EOD, out with disciplined loss, coulda added 100x but wasn’t prepared and woulda stopped out of course so just money saved… FTK plenty borrow but no joy … NEO came to target, I was on bid in absentia, no fill annoying, maybe too much size and they sniffed me by partialing that level, phuckers, will be patient.
FTK: Yes borrow … got 50x entry and minc chase (half size) … no collapse though, will add if necessary
09:25 5.53K, 10:00 21.9K, 16:00 58.6K
AMRN: Yes borrow, strong 10AM TC, FIDO #27, at endodontist so wasn’t watching, but woulda been
09:25 203, 10:00 10.2K, 16:00 45.1K
APHA: Yes borrow, didn’t watch it, not DD pre-open, FIDO #24
09:25 2.89K, 10:00 10.2K, 16:00 34.3K
SAEX: Tiny borrow pre-open, none during day, wicked short squeeze after 3:30PM
09:25 117, 10:00 2.09K, 16:00 15.2K
CRBP: Small borrow (40K pre-open), too thin (look at 10 / 16 TC)
09:25 253, 10:00 3.48K, 16:00 11.4K
TBLT: No borrow, DD PO, good spots OR but no borrow means no joy
09:25 69, 10:00 7.65K, 16:00 11.3K
Why Jewish Men Make Good Spouses For Chinese Women
In addition to the obvious cultural similarities (importance of family and filial piety, love of learning and respect for education, being money-oriented, etc.), Jewish men are used to having had their balls busted by their Jewish mothers throughout childhood, so it only follows that they can handle having their balls busted by their Chinese wives throughout adulthood.
Trading Notes -- 20190110 Thursday
Looked like it was going to be a down day, but no, things ended up … finally pulled the plug on IQ, huge loss after pulling stop days ago … ATOS beautiful move to typwav3 but I checked yday notes and had no borrow, that’s why I didn’t play it (woulda been perfect play, argh … well, from chase entry only, couldn’t have gotten any size).
BBBY: Yes borrow, FIDO #15 … no spot
09:25 4.77K, 10:00 40.4K, 16:00 186K
AMRN: Yes borrow, latecomer, FIDO #19, not even 10AM qualifying TC, back from dead
09:25 54, 10:00 5.95K, 16:00 87.7K
INPX: No borrow, good TC into 10AM not so much EOD, woulda been sweet though semi-scary two leg play but no borrow
09:25 888, 10:00 13.4K, 16:00 33.1K
UXIN: Yes borrow, got a good trade despite chase entry at typwavc (half size)
09:25 1.33K, 10:00 6.29K, 16:00 27.5K
NEO: Yes borrow, noticed midday, had borrow so sold some incl chase typwavc, maybe unwise
09:25 3, 10:00 1.14K, 16:00 20.4K
DCIX: No borrow, buyback news yday AH, went super dead, no real spot plus too thin for my size
09:25 1.06K, 10:00 6.71K, 16:00 16.8K
SAEX: No borrow, very tricky won’t die, glad I didn’t have borrow, this thing crushing people
09:25 564, 10:00 4.05K, 16:00 19.5K
Movies Watched -- It Comes At Night (2017)
91 minutes so the perfect length, but this movie was so bad that I regretted not watching it at 1.5x ffwd. Probably made by some Millennial trust fund kid (“writer-director”), it’s yet another dumb post-apocalypse movie. Pretty boy Charlie from Girls, now bearded, was in it … some other guy with a beard and a half-black wife and his all-black son, what was up with that? Did that make a bit of sense? Was the kid adopted?
Is there some kind of pathogen in the air that’s killing people, but they’re safe in the house? No news, no idea what happened to cause the chaos? Popping on and off their amazing protective masks (acquired where?) at random? I don’t even want to write about this mess any more, it was just terrible. Red rating, avoid.
Mick LaSalle correctly writes that it’s almost as bad as being there.
Trading Notes -- 20190109 Wednesday
Yet another up day … Fed Day … frustrated by some lack of borrows … finally pulled plug on GME, painful but beats staying in pain after breaking rules … took final leg off TOPS
ATOS: No borrow, FIDO #29 … good spots though scary with near pickoff from PO levels
09:25 1.76K, 10:00 14.8K, 16:00 34.5K
SAEX: No borrow, Latecomer not even 10:00TC, was FIDO but crowded out EOD, coulda covered 25x good one
09:25 n/a, 10:00 n/a, 16:00 36.7K
GOGO: Yes borrow
09:25 254, 10:00 11.7K, 16:00 24.0K
CEI: Yes borrow, later disappeared though I was able to get position on in time
09:25 1.05K, 10:00 3.57K, 16:00 11.3K
How To Stick To Your Trading Plan
If you find yourself changing your plan in the middle of a trade, you’re probably trading too large, i.e., the dollar risk that you’ve chosen to trade is not a comfortable amount to lose. You have to figure out, through trial and error, how much you’re happy to lose. This is the secret to sticking to your trading plan.
Say you start out risking $1,000 a trade (the distance between your entry and your stop) and you find yourself pulling or moving the stop, or adding to the position so you can adjust the stop to lose the originally planned amount (a.k.a., averaging a loser), then you know you’re risking too much, trading too large, and you’re not able to stick to the plan. Try risking $750 the next time and see if the same thing happens. If the problem persists, keep cutting your dollar risk until you get to the level where you stick to your planned loss.
Maybe you discover that it’s $100 where you’re finally comfortable with the risk. There’s no shame in trading small. In fact, it’s trading smart because you finally know the amount of dollar risk where you’ll stick to your plan, and you’ll see the gains begin to accumulate over time. As you gain confidence, you can increase your dollar risk little by little, until you find you’re uncomfortable again (by not sticking to the plan), then bring it back down to the last dollar amount where you never monkeyed with the stop or were tempted to add to a loser.
Trading Notes -- 20190108 Tuesday
Chance to scratch IQ, got greedy said nah … did scratch some GME according to plan but still fighting it with bulk … impossible to fill PRAN, just insanely thin, tops was 15K in 15 min bar, finally took offer in disgust … sorting scanner by poz neg not TC, must train myself to look at it this way
AXSM: Some borrow pre-open but none all day RH, FIDO #12, sold more PO per plan, hard stop in (after IQ and GME lessons)
09:25 2.58K, 10:00 25.7K, 16:00 75.9K
RHE: No borrow, maddening since it gave good spots, was FIDO during day but crowded out EOD, viz dead TC
09:25 59, 10:00 6.04K, 16:00 15.7K
TOPS: Yes borrow, PO active, sold it, took two legs off per plan, B/E on rest
9:25 1.08K, 10:00 3.88K, 16:00 8.12K
Movies Watched -- I, Daniel Blake (2017)
100 minutes so the perfect length, but I had to watch it at 1.5x fast forward because it was so depressing… a Ken Loach movie, after all. I enjoyed it though, a real tearjerker … once again about the welfare state in England, an old guy caught up in the same old maddening bureaucracy, though now “digital by default.”
Green rating, recommended, but be prepared, it will put you through the ringer.
(Tony Lane wasn’t thrilled with “the emotional wallop [that] grows more zealous with almost every sequence,“ and I see his point, but there aren’t enough political movies like this one, as far as I’m concerned. I still recommend it.)
Waiting for a call from the Decision Maker
My recommended movies from 2017, so far:
Trading Notes -- 20190107 Monday
LLY buys LOXO … DXC buys LXFT … I was out this AM … added tone chart to daily notes
AXSM: Yes borrow, though all 800K disappeared by shortly after 13:00, FIDO #8
09:25 8.83K, 10:00 25.7K, 16:00 156K
QEP: Yes borrow, “Elliott Management offers to buy QEP Resources for $2.07 bln“
09:25 2.2K, 10:00 22.9K, 16:00 107K
MYND: Tiny borrow pre-open, intermittent during day
9:25 509 10:00 3.88K, 16:00 6.85K
