Thursday, September 15, 2022

Daily Trading Evaluation 9/15/2022

If somebody told me they shorted AMRS today close to 4.80 I probably wouldn't believe them if I didn't know them. I got a short on at 4.77 today. It wasn't my only entry though. I shorted another tranche at 4.73, 4.20 and 4.18. The last two were my second trade on it.My exits were 4.65, 4.51 4.48, 4.43 on the first wave down. My expectation was I was likely just shorting a bull flag so I covered quickly expecting to have to get out of the way of the next up move. I am happy with my scaling out. I wasn't happy about not going with more size on the initial short near hod (high of day). I have been needing to go with more size on these hod shorts with good entry. I know my max risk I can go but either because I'm in a hurry or just want to watch risk I haven't gone as big as possible. It's a good thing I am nailing these setups though 3 or 4 days in a row now though either on SHOP or IWM. I just happened to have AMRS on my watchlist because it flagged the other day around low 3.00s. My bias flip was great. That's one thing I have improved on a lot. My risk management and overtrading is better but still needs attention.

Tradersync is showing my worst loss trades were X and TERN. X was more of a daily chart setup I forced in anticipation. TERN was a failed supernova second day. The supernovas are more difficult than they were 10 years ago or so. RDBX REV APRN NERV(the current one) don't really go into a smooth backside or top out fast. It used to be most daily supernovas looked lke this AMRS chart exactly. Which is why it went away. It was so easy in some ways.

Selectivity was better today. Trade management was good. Overtrading was better. Hard stops were better but could be better. Risk management could have been better on X and TERN. TERN was more of a failed setup though. I traded it well it just didn't play out. I made other trades in other tickers but I just want to deeply review my best and worst today and have my improvement plan ongoing. I should continue to short hod either on stocks or indices if the market provides. Continue to trust intution and experience.

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