Another day in the books and another recap to be had. Quick and dirty since I’m at work today, unfortunately.
Trades Taken
- 1xNQ
Profit / Loss for the Day: $145
Profit / Loss Open: $115
Another good day. Slowly but surely I’m getting my bearings. The next step is to develop my own stock scans. If any of you have any tips feel free to drop by. Books or websites would be extremely helpful!
Took a quick NQ trade near the end of the day for a point scalp. I know I lose a bit on commissions but it’s more about learning than anything else. Once I’m more confident, I can begin to increase the point spreads. But for now, it’s just a matter of learning.
Solars broke out today and I was in position with JASO thanks to the OA crew. I know that most of what I trade is based off his teachings and there’s going to be a point where I need to learn how to fish for myself thus the urgency in learning proper stock screening techniques for swing traders. As with everything, it just takes time.
Tomorrow morning consists of a vet visit so I’ll be missing a bit of the morning’s actions. I need to go back and review thinkorswim’s lecture on options expiry week, but if I recall correctly, tomorrow’s going to be a big day one way or another. Yesterday and today felt very slow which may indicate consolidation so we’ll see. I’m currently in a long portfolio which somewhat scares me so I’ll need to hunt for puts over the next couple of days.