Trading Journal Day 39 - Accept What Was Missed
Accept What Was Missed
Today was some kind of record intra-day movement in the oil markets. Did I catch any of it? I had some oil positions in the past few weeks, and some oil producers at one point, but nothing on today. I did not catch any of the move in oil. Fortunately, I wasn't caught wrong-sided by it either.
It's impossible to trade every opportunity unless one has unlimited access to capital. In that case... exposure to any individual move would be too small to move the needle and you'd be better of in broad indexes. That's why CalPERS doesn't invest in hedge funds anymore. I've learn to take the opportunities that I can, but not bemoan the opportunities that I've missed.
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Trade Journal
I Bought
FEYE @ 14.29
FRGI @ 10.69
I Shorted
I Closed
SPB @ 56.72
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.
Stops adjusted today are in bold.
Ticker | Entry | Direction | Size* | Date | Stop Target |
---|---|---|---|---|---|
CLVS | 12.45 | Short | 2.75% | 7/17/2019 | 6.28 |
CLVS | 11.66 | Short | 2.80% | 7/18/2019 | 6.28 |
EWI | 27.01 | Long | 17.67% | 8/30/2019 | 27.24 |
TROW | 111.44 | Long | 11.80% | 8/30/2019 | 115.17 |
MBT | 8.245 | Long | 11.82% | 9/4/2019 | 7.98 |
FCAU | 13.45 | Long | 11.90% | 9/4/2019 | 13.47 |
RSX | 22.91 | Long | 19.18% | 9/4/2019 | 23.60 |
TROW | 113.98 | Long | 12.06% | 9/5/2019 | 115.17 |
FEYE | 13.78 | Long | 8.48% | 9/6/2019 | 13.72 |
CRR | 2.02 | Long | 2.44% | 9/10/2019 | 2.52 |
GPRO | 4.52 | Long | 4.31% | 9/10/2019 | 4.21 |
WLK | 64.31 | Long | 5.94% | 9/10/2019 | 65.46 |
CMP | 53.18 | Long | 6.55% | 9/10/2019 | 54.58 |
RSX | 23.19 | Long | 16.78% | 9/11/2019 | 23.60 |
CMP | 55.4 | Long | 6.82% | 9/11/2019 | 54.58 |
GPS | 19.09 | Long | 5.00% | 9/11/2019 | 17.90 |
FEYE | 14.29 | Long | 7.48% | 9/16/2019 | 13.72 |
FRGI | 10.69 | Long | 4.36% | 9/16/2019 | 9.96 |
Total Long 152.14%
Total Short 5.55%
Approximate position sizes are given as a percentage of trading account. Use of leverage is intended, so % of portfolio may exceed 100%
Closed Trades
Ticker | Gain/Loss | Size | Portfolio % | Days Held | Opened | Closed |
---|---|---|---|---|---|---|
CSX | -2.72% | 10.52% | -0.29% | 0 | 7/17/2019 | 7/17/2019 |
EBAY | -2.54% | 11.97% | -0.30% | 0 | 7/18/2019 | 7/18/2019 |
ADM | -2.52% | 12.69% | -0.32% | 1 | 7/18/2019 | 7/19/2019 |
CSX | -3.90% | 8.36% | -0.33% | 1 | 7/18/2019 | 7/19/2019 |
THRM | -5.28% | 7.68% | -0.41% | 1 | 7/18/2019 | 7/19/2019 |
PCAR | -1.25% | 10.31% | -0.13% | 5 | 7/18/2019 | 7/23/2019 |
PCAR | -3.32% | 11.45% | -0.38% | 0 | 7/23/2019 | 7/23/2019 |
EPR | -2.55% | 12.42% | -0.32% | 1 | 7/22/2019 | 7/23/2019 |
EW | 8.51% | 11.75% | 1.00% | 2 | 7/22/2019 | 7/24/2019 |
EW | -2.47% | 10.02% | -0.25% | 0 | 7/24/2019 | 7/24/2019 |
NTGR | 18.02% | 6.49% | 1.17% | 1 | 7/24/2019 | 7/25/2019 |
NTGR | 13.90% | 6.72% | 0.93% | 1 | 7/24/2019 | 7/25/2019 |
CHRW | -2.88% | 8.52% | -0.25% | 1 | 7/24/2019 | 7/25/2019 |
NUVA | -4.88% | 6.64% | -0.32% | 5 | 7/24/2019 | 7/29/2019 |
CMI | -7.36% | 9.20% | -0.68% | 6 | 7/24/2019 | 7/30/2019 |
WPM | 3.28% | 8.43% | 0.28% | 14 | 7/17/2019 | 7/31/2019 |
WPM | 1.39% | 8.32% | 0.12% | 13 | 7/18/2019 | 7/31/2019 |
AAPL | 3.24% | 9.60% | 0.31% | 7 | 7/24/2019 | 7/31/2019 |
BTX | -9.22% | 2.25% | -0.21% | 5 | 7/26/2019 | 7/31/2019 |
PG | -1.82% | 11.88% | -0.22% | 1 | 7/30/2019 | 7/31/2019 |
AAPL | -2.38% | 9.71% | -0.23% | 0 | 7/31/2019 | 7/31/2019 |
UTHR | -4.07% | 5.46% | -0.22% | 0 | 7/31/2019 | 7/31/2019 |
TROW | -0.91% | 8.84% | -0.01% | 8 | 7/24/2019 | 8/1/2019 |
MGA | -3.32% | 7.32% | -0.24% | 8 | 7/24/2019 | 8/1/2019 |
SWKS | -3.55% | 6.86% | -0.24% | 8 | 7/24/2019 | 8/1/2019 |
TROW | -2.75% | 8.37% | -0.23% | 7 | 7/25/2019 | 8/1/2019 |
SLCA | -9.26% | 2.68% | -0.25% | 1 | 7/31/2019 | 8/1/2019 |
EAF | -4.93% | 4.39% | -0.22% | 1 | 7/31/2019 | 8/1/2019 |
IBM | -2.12% | 8.80% | -0.19% | 0 | 8/1/2019 | 8/1/2019 |
ALNY | -0.81% | 6.04% | -0.05% | 15 | 7/18/2019 | 8/2/2019 |
ALNY | -4.65% | 4.75% | -0.22% | 2 | 7/31/2019 | 8/2/2019 |
BAX | -0.11% | 14.10% | -0.02% | 18 | 7/18/2019 | 8/5/2019 |
BAX | -2.45% | 10.53% | -0.26% | 11 | 7/25/2019 | 8/5/2019 |
OR | -0.54% | 4.71% | -0.03% | 1 | 8/5/2019 | 8/6/2019 |
OR | -3.93% | 4.88% | -0.19% | 1 | 8/5/2019 | 8/6/2019 |
FOSL | -8.03% | 2.32% | -0.19% | 1 | 8/5/2019 | 8/6/2019 |
GWPH | -4.06% | 4.88% | -0.20% | 21 | 7/17/2019 | 8/7/2019 |
PEP | 0.71% | 14.34% | 0.10% | 17 | 7/22/2019 | 8/8/2019 |
EWW | 4.42% | 10.95% | 0.48% | 17 | 7/22/2019 | 8/8/2019 |
EWW | 2.71% | 7.73% | 0.21% | 13 | 7/26/2019 | 8/8/2019 |
RACE | 0.56% | 10.65% | 0.06% | 9 | 7/30/2019 | 8/8/2019 |
EWU | 3.55% | 18.54% | 0.66% | 8 | 7/31/2019 | 8/8/2019 |
AMZN | 2.61% | 10.31% | 0.27% | 8 | 7/31/2019 | 8/8/2019 |
DUK | -2.39% | 10.92% | -0.26% | 16 | 7/24/2019 | 8/9/2019 |
SLV | -2.07% | 8.99% | -0.19% | 6 | 8/7/2019 | 8/13/2019 |
GDXJ | -4.11% | 4.60% | -0.19% | 9 | 8/5/2019 | 8/13/2019 |
SEE | -0.98% | 6.40% | -0.06% | 12 | 8/2/2019 | 8/14/2019 |
SEE | -3.83% | 5.49% | -0.21% | 6 | 8/8/2019 | 8/14/2019 |
COO | -2.70% | 7.55% | -0.20% | 1 | 8/13/2019 | 8/14/2019 |
JNJ | -2.30% | 9.57% | -0.22% | 1 | 8/13/2019 | 8/14/2019 |
EWI | 3.99% | 13.54% | 0.54% | 20 | 7/30/2019 | 8/19/2019 |
CC | 24.56% | 2.45% | 0.60% | 30 | 7/23/2019 | 8/21/2019 |
BA | 3.66% | 5.86% | 0.21% | 27 | 7/25/2019 | 8/21/2019 |
BA | 1.39% | 5.59% | 0.07% | 22 | 7/30/2019 | 8/21/2019 |
NWL | -0.84% | 3.47% | -0.03% | 16 | 8/7/2019 | 8/23/2019 |
NWL | -4.77% | 7.88% | -0.38% | 1 | 8/22/2019 | 8/23/2019 |
LYB | 13.13% | 6.87% | 0.90% | 30 | 7/30/2019 | 8/29/2019 |
CLCT | 6.25% | 4.15% | -0.26% | 12 | 8/15/2019 | 8/27/2019 |
EB | 0% | 3.88% | 0% | 7 | 8/16/2019 | 8/23/2019 |
EB | -6.29% | 4.81% | -0.30% | 4 | 8/19/2019 | 8/23/2019 |
EXK | -4.01% | 2.46% | -0.09% | 2 | 9/3/2019 | 9/5/2019 |
EXK | -9.38% | 4.56% | -0.43% | 2 | 9/3/2019 | 9/5/2019 |
DBO | -3.93% | 9.54% | -0.38% | 1 | 9/5/2019 | 9/6/2019 |
SUI | 7.83% | 7.90% | 0.62% | 33 | 8/7/2019 | 9/9/2019 |
BAX | 0.87% | 8.11% | 0.07% | 27 | 8/13/2019 | 9/9/2019 |
IHI | -2.24% | 16.81% | -0.38% | 13 | 8/30/2019 | 9/10/2019 |
SAFM | -2.37% | 8.68% | -0.21% | 13 | 8/30/2019 | 9/10/2019 |
BRO | -2.38% | 15.63% | -0.37% | 13 | 8/30/2019 | 9/10/2019 |
FRGI | -7.62% | 4.58% | -0.35% | 13 | 8/30/2019 | 9/10/2019 |
JBLU | -4.17% | 9.06% | -0.39% | 8 | 9/4/2019 | 9/12/2019 |
SPB | -1.82% | 7.56% | -0.14% | 6 | 9/10/2019 | 9/16/2019 |
Wins: 18 trades, 8.60% total gain
Losses: 51 trades, -12.20% total loss
Win Ratio: 26.47% of completed trades
Net Gain: -3.60%
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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How much time a day on average do you spend monitoring your portfolio?
I monitor the open (from 9:30 AM Eastern until things settle down, usually about an hour). After that I rely more on my stops and check periodically throughout the day. Averages maybe 2 hrs per day, plus the time to put together my trade journal posts from my tracking sheets.
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