Trading Journal Day 21 - Egg on my Face?

in steemleo •  last month 

Egg on my Face?


Just yesterday I commented about my gold and silver positions stopping out and wondered aloud whether the carnage was over. Now today, more carnage... But notice what happened. Even while I dipped my toe into some long positions (and stopped out today), I kept my previous shorts in place that hadn't stopped out yet.

Never underestimate a trend! I use carefully set stops to pace with a trend and then get out when the probability that it's over is greater than the probability of it continuing. Do I get it right every time? Of course not! But often enough... or so we hope. It's been a tough 21 days so far for closed trades on this strategy. There are a few open still that could turn that round though...

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[https://pixabay.com/illustrations/egg-eggs-egg-yellow-smiley-face-2151899/]

Trade Journal

Today I Bought

Nothing new

Today I Shorted

Nothing new

Today I Closed

I made a mistake yesterday and missed that my GDXJ positioned also stopped out right before close. I'm including that here but I will mark the correct date in the closed list below.

GDXJ @ 39.85
SEE @ 43.93
COO @ 334.18
JNJ @ 130.8

Open Trades

While everything else about an open trade is established at entry, the ‘stop loss’ order will be adjusted periodically over the life of a trade. The idea is to move the stops at key price points and let the profitable trades keep running.

Several more stop adjustments today as my Shorts picked up their downward run again.

TickerEntryDirectionSize*DateStop Target
CLVS12.45Short2.75%7/17/20197.18
CLVS11.66Short2.80%7/18/20197.18
CC18.61Short2.45%7/23/201914.19
BA346.74Short5.86%7/25/2019334.26
BA338.76Short5.59%7/30/2019334.26
EWI27.07Short13.54%7/30/201925.95
LYB83.34Short6.87%7/30/201976.75
NWL16.045Long3.47%8/7/201915.18
SUI136.905Long7.90%8/7/2019138.10
BAX86.80Long8.11%8/13/201984.45

Total Long 19.48%
Total Short 39.86%

Approximate position sizes are given as a percentage of trading account. Use of leverage is intended, so % of portfolio may exceed 100%

Closed Trades

TickerGain/LossSizePortfolio %Days HeldOpenedClosed
CSX-2.72%10.52%-0.29%07/17/20197/17/2019
EBAY-2.54%11.97%-0.30%07/18/20197/18/2019
ADM-2.52%12.69%-0.32%17/18/20197/19/2019
CSX-3.90%8.36%-0.33%17/18/20197/19/2019
THRM-5.28%7.68%-0.41%17/18/20197/19/2019
PCAR-1.25%10.31%-0.13%57/18/20197/23/2019
PCAR-3.32%11.45%-0.38%07/23/20197/23/2019
EPR-2.55%12.42%-0.32%17/22/20197/23/2019
EW8.51%11.75%1.00%27/22/20197/24/2019
EW-2.47%10.02%-0.25%07/24/20197/24/2019
NTGR18.02%6.49%1.17%17/24/20197/25/2019
NTGR13.90%6.72%0.93%17/24/20197/25/2019
CHRW-2.88%8.52%-0.25%17/24/20197/25/2019
NUVA-4.88%6.64%-0.32%57/24/20197/29/2019
CMI-7.36%9.20%-0.68%67/24/20197/30/2019
WPM3.28%8.43%0.28%147/17/20197/31/2019
WPM1.39%8.32%0.12%137/18/20197/31/2019
AAPL3.24%9.60%0.31%77/24/20197/31/2019
BTX-9.22%2.25%-0.21%57/26/20197/31/2019
PG-1.82%11.88%-0.22%17/30/20197/31/2019
AAPL-2.38%9.71%-0.23%07/31/20197/31/2019
UTHR-4.07%5.46%-0.22%07/31/20197/31/2019
TROW-0.91%8.84%-0.01%87/24/20198/1/2019
MGA-3.32%7.32%-0.24%87/24/20198/1/2019
SWKS-3.55%6.86%-0.24%87/24/20198/1/2019
TROW-2.75%8.37%-0.23%77/25/20198/1/2019
SLCA-9.26%2.68%-0.25%17/31/20198/1/2019
EAF-4.93%4.39%-0.22%17/31/20198/1/2019
IBM-2.12%8.80%-0.19%08/1/20198/1/2019
ALNY-0.81%6.04%-0.05%157/18/20198/2/2019
ALNY-4.65%4.75%-0.22%27/31/20198/2/2019
BAX-0.11%14.10%-0.02%187/18/20198/5/2019
BAX-2.45%10.53%-0.26%117/25/20198/5/2019
OR-0.54%4.71%-0.03%18/5/20198/6/2019
OR-3.93%4.88%-0.19%18/5/20198/6/2019
FOSL-8.03%2.32%-0.19%18/5/20198/6/2019
GWPH-4.06%4.88%-0.20%217/17/20198/7/2019
PEP0.71%14.34%0.10%177/22/20198/8/2019
EWW4.42%10.95%0.48%177/22/20198/8/2019
EWW2.71%7.73%0.21%137/26/20198/8/2019
RACE0.56%10.65%0.06%97/30/20198/8/2019
EWU3.55%18.54%0.66%87/31/20198/8/2019
AMZN2.61%10.31%0.27%87/31/20198/8/2019
DUK-2.39%10.92%-0.26%167/24/20198/9/2019
SLV-2.07%8.99%-0.19%68/7/20198/13/2019
GDXJ-4.11%4.60%-0.19%98/5/20198/13/2019
SEE-0.98%6.40%-0.06%128/2/20198/14/2019
SEE-3.83%5.49%-0.21%68/8/20198/14/2019
COO-2.70%7.55%-0.20%18/13/20198/14/2019
JNJ-2.30%9.57%-0.22%18/13/20198/14/2019

Wins: 11 trades, 5.59% total gain
Losses: 37 trades, -8.49% total loss

Win Ratio: 22.92% of completed trades
Net Gain: -2.90%

Gain/Loss given as percentage on notional value of trade, with size a percentage of trading account. G/L x Size = % change of account value based on trade outcome. Days Held shows as 0 when a position was opened and closed in the same day (day trade).
Evaluating all position outcomes from Closed Trades, over a large enough sample, could support an approximate calculation of total portfolio return. Actual results may vary.
This is my trading journal. Results are published for entertainment purposes. This is not financial advice. This is not legal advice. This is not even advice.


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