Trading Journal Day 40 - Be Flexible When Needed
Be Flexible When Needed
I missed yesterday's entry, but there was only a single position stopped out and no new entries. Today has been more active.
I have put considerable thought into why my performance is dogging lately and not up to the same level it had been historically. Analyzing each trade, as long as the overall performance picture, I find that the markets are so choppy lately, with trends shorter and less defined. I'm still comfortable with where my stops are, but I'm going to cut down to a single entry in each position until market trends become better defined again.
Now, I came to this decision after market today, and one of today's trades is actually a second entry. So there's that.
[https://pixabay.com/photos/yoga-exercise-sport-fitness-1434787/]
Trade Journal
I Bought
MBT @ 8.39
SCYX @ 1.16
I Shorted
I Closed
WLK @ 64.41 (yesterday)
RSX @ 23.58
CRR @ 2.50
GPS @ 17.89
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 | 8.14 |
FCAU | 13.45 | Long | 11.90% | 9/4/2019 | 13.47 |
TROW | 113.98 | Long | 12.06% | 9/5/2019 | 115.17 |
FEYE | 13.78 | Long | 8.48% | 9/6/2019 | 13.72 |
GPRO | 4.52 | Long | 4.31% | 9/10/2019 | 4.21 |
CMP | 53.18 | Long | 6.55% | 9/10/2019 | 54.58 |
CMP | 55.4 | Long | 6.82% | 9/11/2019 | 54.58 |
FEYE | 14.29 | Long | 7.48% | 9/16/2019 | 13.72 |
FRGI | 10.69 | Long | 4.36% | 9/16/2019 | 9.96 |
MBT | 8.39 | Long | 8.34% | 9/18/2019 | 8.14 |
SCYX | 1.16 | Long | 3.61% | 9/18/2019 | 1.13 |
Total Long 115.20%
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 |
WLK | 1.71% | 5.94% | 0.10% | 7 | 9/10/2019 | 9/17/2019 |
RSX | 2.92% | 19.18% | 0.56% | 14 | 9/4/2019 | 9/18/2019 |
RSX | 1.68% | 16.78% | 0.28% | 7 | 9/11/2019 | 9/18/2019 |
CRR | 23.76% | 2.44% | 0.58% | 8 | 9/10/2019 | 9/18/2019 |
GPS | -6.29% | 5.00% | -0.31% | 7 | 9/11/2019 | 9/18/2019 |
Wins: 25 trades, 10.12% total gain
Losses: 52 trades, -12.51% total loss
Win Ratio: 32.47% of completed trades
Net Gain: -2.39%
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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