DIS Trade on Apr 8, 2020 13:22 from Cklamb: Tradervue User Stock Trades.

Trade Review
I am doing this review a little different today.

It was a tense. I traded like a hack. I got myself in trouble foolishly adding and then not taking the pulse back and limiting my losses. I blew a strong opening quickly trying to take a late opening break of a high. I added after already being as large as I should have gotten. I added as it dipped and added more below that. The same stuff that I have spent a month trying to keep myself from doing. All and all this day was a disastrous day with some serious risk out there.

One reason that I decided just to type out some thoughts is that I way overtraded. I would normally say this was bad but there was a time near the end of day that I had traded large lots enough and taken wins and losses in a similar fashion as I would have trading smaller. I actually felt comfortable and slowed down on the pushing. I was holding size like I would with smaller size. I was tapping it out like I would if I was smaller. These are a huge positives. Plus, It would take hours with my mental capabilities at this point to sort through good setups.

The second is I could beat myself up over and over again about the shit that I did today. And looking through all of this crap hacks that I took would just frustrate me. So, I want to focus on the fact that I stuck to my conviction out of the gate on my game plan even though I was early to the trade ( don’t trade the first candle, that is a simple rule). The fact I was able to walk away for being down and commit to coming back and trade as close to what I do with smaller size as I could. These are just some small victories to take out of the comeback today.

I also feel like I am beginning to understand that I cannot manage the P&L during the trading day. I have kind of known this for a while. After a solid morning, as I start to step up. I will be more likely to add to a position trying to protect the nickels and dimes that I have put into the bank. I have been a bit better about this recently. But, this seemed pretty pronounced today. I need to be acutely aware of this for a while. However, once I step up into the midday, I need to stay there until the last hour and then move back down in sizing.

Plus, the last psychological victory I would like to mention is staying put due to my heightened emotions there at the end of the day. There was trades that I could have take. But, I sensed that I was not stable enough to even a small easy trade at that point. Although, I can always trade small. But, in this situation I was very aware of what my body was telling me that I walked away for the last run of the day.

Total gain/loss:
$82.86
Largest gain:
$161.52 (show)
Average daily gain/loss:
$82.86
Largest loss:
$-75.85 (show)
Average daily volume:
40920
Average per-share gain/loss:
$0.00
Average winning trade:
$42.29
Average trade gain/loss:
$3.95
Average losing trade:
$-38.23
Trade P&L standard deviation:
$61.32
Total number of trades:
21
Profit factor:
1.22
Number of winning trades:
11 (52.4%)
Average hold time (winning trades):
16 minutes
Number of losing trades:
10 (47.6%)
Average hold time (losing trades):
3 minutes
Max consecutive wins:
3 (show)
Max consecutive losses:
4 (show)
Average position MFE:
$26.79
Average position MAE:
$-26.41