2/24

CLOSED:
AAOI:
Best trade of the year!

Then a lot of fades:

CEMP:

CARA:

CALA:

Lottery ticket:

PLX:

2/23

AAOI -- wow pure power.  Sold trimmed another portion off in after hours at 41.80

2/21

Closed:
GRVY:
This GRVY trades was one of my most profitable trades this year to date..  This one went for over 25% in a short period -- (and would keep going, but can I complain, not really)  $2,243 on this round. The previous went for 880 so over $3k on this stock.

Year To Date Trading assessment.

I'm aware that I've benefited from a good market but my YTD number is decent:

That breaks down to a 46% win rate, (24 to 28 with 13 B/es) which is about what I need to be at.

So I'm doing some things right.

First, let's cover those.  This year I've narrowed my focus on power stocks coming out of stage 1 to stage 2.  I've been able to identify the most powerful stocks.  Here's a few that I've caught.

AAOI == Best planned out trade and most profitable open position:

GKOS:

So with trades like those, why am I only up 10%.  My discipline has not been what I've needed it to be. I've entered shorts (which is not my setup).,  I've chased low dollar stocks with big positions.

And taken trades like this, which at 1.7% equity is my biggest loss so far this year.  As I look at this chart, it is readily apparent it was not in stage 2's advance stage.  In other words, the trade should never have been taken.   I then took a 200 share position in to earnings, (they guided lower but not a big deal) I got a cheaper price and a good entry on more shares and then the trade started to look like it would work, and in fact I was positive on the trade.  Until it faded and I got hit with a 1.7% loss.  Fortunately,  a 1.7% loss is relatively small so at least I'm managing risk in that manner and not getting crushed.

Also, I've had a number of trades where I've picked up large gains, only to see the stock fade and I exit for a wash.  I need to re-commit to selling a portion off into the thrust in all but the best stocks.

So at this point, I'll grade myself as follows:

Stock Selection:  -A   Tthe stocks I'm entering are powerful stocks and are the stocks that are most capable of making huge moves.
Entries, B+  -- could be earlier but I'm planning the entires very well.
Exits B -- need to consider partials, and trails more frequently
Discipline C+ -- still prone to style drift,  and adding more shares, in a stock that sells off and taking too much size initially .  Have avoided big losses by using stops. Avoided using others stock picks.

Recommitment for March:  
Direction,  Long until stops working
Setups:  Stage 2 Only,   Slingshots, Fishhooks, and weekly breakouts. 

Life begins at the end of your comfort zone.

I did it.  I quit my job  yesterday and have started a new company.  I've traded a corner office for a home office.  




Trading.  Some good.  AAOI and GRVy continue to rip higher.

CYBR -- took a loss., my biggest of the year at 1.5%. equity   It was a trade with too many mistakes. Held through earnings, bought more, and didn't get out with a small gain when it was clear this was not in play to go higher right now.

2/9 busy day

I've been busy with some other work things so I'm a few days behind in the journal.  The spreadsheet has been kept up to date.

Big day today.

LOXO Break out from a liner setup.  Although I prefer the pull back setup this had a lot of power in the past and there was no way I wanted to miss a b/o attempt in this one.

Took 1/2 off already and we'll see how far we can push this.

2/6

Market was pretty neutral. But got a decent gains in two new positions on slingshots.
Trade Spread Sheet - Holding a fair share of open gains.  Net liq. is approaching 10% on the year.

Closed:
My trail on CRK was hit-- Still a great trade.  Entered 10.05
1/2 Profits taken as high as 13.30
Remainder 11.87

CNAT:
Re-Entry after a pull back. -- some power is shown.

GLBS:
Slingshot triggered. Entered @8.74

Positions and Friday's Trades/

What's working?

Week 1 Breakouts:

GKOS:

Power:
SHLO - new position:

DNN-

TREE: