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November 8th, 2006 by eyal | Filed under Day Trading. |
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A frustrating day all around. My first choice of trade shorting TRLG was not possible. It would have played out nicely. Instead I took a long trade in NOVL despite seeing it was not a true unusual suspect anymore, that resulted in -1R, I should stop trading these, they have a lower win rate. The next trade was a fully within my plan, long STEM. It had a nice profit at some point and I would have normally taken a third or so off the table as I see it struggling at those new highs just below 3.50, but it was too late in the day and I was asleep by then so the position closed by itself end of day for +0.7R instead. End P&L for this disappointing day is -0.3R. So 1 mistake and 2 limitations due to IB’s shortable list and my timezone.
Yup, timezone is a limitation. Sometime, I am just feeling too tired.
btw, keep me updated on the Singapore trader gathering. I will join you guys if I am available. I am busy with relocation (within singapore though) recently
You are lucky if sometimes you feel too tired ;-) I’m in that tiredness state most days that I trade on top of my work. It was much much better when I was on vacation in Israel.
Will let you know re the meeting, it’s looking like probably December, maybe before the holidays.