Trading Journal Day 9
Zzzz... what?
Another really slow day… Some stops, no new entries, watching for good price action again. My closed position gapped a little past the stop, which happens sometimes. It's unfortunate but not common.
Things were abnormally active the first week because I was transitioning from a maximum of four entries per position to a maximum of only two entries per position. That allowed me to double the total number of positions held concurrently, which resulted in a flurry of new position entries.
[https://pixabay.com/photos/french-bulldog-dog-sleeping-relaxed-4291119/)
Trade Journal
Today I Bought
zzzzzzzzzzzzz
Today I Shorted
zzzzzzzzzzzzz
Today I Closed
NUVA @ 56.51
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.
I updated the stops on my open EWW trade when I put on additional size.
| Ticker | Entry | Direction | Size* | Date | Stop Target |
|---|---|---|---|---|---|
| WPM | 25.5141 | Long | 8.43% | 7/17/2019 | 26.30 |
| CLVS | 12.45 | Short | 2.75% | 7/17/2019 | 12.11 |
| GWPH | 161.88 | Short | 4.88% | 7/17/2019 | 169.89 |
| WPM | 25.99 | Long | 8.32% | 7/18/2019 | 26.30 |
| BAX | 82.94 | Long | 14.10% | 7/18/2019 | 83.18 |
| ALNY | 75.44 | Long | 6.04% | 7/18/2019 | 71.71 |
| CLVS | 11.66 | Short | 2.80% | 7/18/2019 | 12.11 |
| PEP | 130.33 | Short | 14.34% | 7/22/2019 | 133.03 |
| EWW | 42.12 | Short | 10.95% | 7/22/2019 | 42.52 |
| CC | 18.61 | Short | 2.45% | 7/23/2019 | 20.19 |
| TROW | 112.14 | Long | 8.84% | 7/24/2019 | 111.30 |
| DUK | 87.44 | Short | 10.92% | 7/24/2019 | 89.29 |
| MGA | 50.66 | Long | 7.32% | 7/24/2019 | 48.93 |
| AAPL | 208.71 | Long | 9.60% | 7/24/2019 | 203.36 |
| CMI | 174.92 | Long | 9.20% | 7/24/2019 | 169.97 |
| SWKS | 86.95 | Long | 6.86% | 7/24/2019 | 83.85 |
| BAX | 84.93 | Long | 10.53% | 7/25/2019 | 83.18 |
| BA | 346.74 | Short | 5.86% | 7/25/2019 | 359.25 |
| TROW | 114.26 | Long | 8.37% | 7/25/2019 | 111.30 |
| BTX | 41.38 | Long | 2.25% | 7/26/2019 | 1.11 |
| EWW | 41.38 | Short | 7.73% | 7/26/2019 | 42.52 |
Total Long 109.33%
Total Short 56.82%
Approximate position sizes are given as a percentage of trading account. Use of leverage is intended, so % of portfolio will sometimes 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 |
Wins: 3 trades, 3.10% total gain
Losses: 11 trades, -3.28% total loss
Win Ratio: 21.43% of completed trades
Net Gain: -0.18%
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.
If you try out Robinhood using my referral link, you could get some free stock.
I wonder if stock markets are impossible to sort out... Is it worthy to invest time in this? The answer of that question arises ontological questions about what I decided to invest my life in... Best regards my friend, is good to be back after a long hiatus.
I find that it is worth it to invest time into. I've profited off the market so far.
They being profitable (if studied and understood well) is perfectly clear. What I was asking about was another incentive beyond monetary advantages. Like what is the actual role of the markets in our society... Them being free and devoid of manipulation is obviously not true... So what function they really serve?
I don't know about impossible. A lot of people make a pretty good living in the stock markets. Certainly not easy, though.
It's not about the revenue, it's about how smart people invest it's talents... I'm sure there are many things in life that are worth of our time and sincere dedication... I just don't feel like stock markets are one of those things... But this perception of mine could be because I don't know much about the subject, just that people speculate with the prize of "valuable" things.
If you just see it as speculation on the price of valuable things, then it's not a good use of your time.
I see it as participating in facilitating the allocation of limited resources ... and markets have done more to improve the overall well-being of humans than anything in recorded history.
I know what markets has done for us all in past times, what I don't like is the overall image I get of what their doing today... But yet I think it's because the limited information I got about them... Could you please point some good reading materials to get a better idea of them?
Joseph Schumpeter's 'Capitalism, Socialism, and Democracy'
Thank you, I'll read it and then reach you back with lots of questions 😅
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