Trading Journal Day 39 - Accept What Was Missed

in steemleo •  6 months ago 

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.

psychology789612_960_720.jpg
[https://pixabay.com/illustrations/psychology-psyche-love-compassion-789612/]

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.

TickerEntryDirectionSize*DateStop Target
CLVS12.45Short2.75%7/17/20196.28
CLVS11.66Short2.80%7/18/20196.28
EWI27.01Long17.67%8/30/201927.24
TROW111.44Long11.80%8/30/2019115.17
MBT8.245Long11.82%9/4/20197.98
FCAU13.45Long11.90%9/4/201913.47
RSX22.91Long19.18%9/4/201923.60
TROW113.98Long12.06%9/5/2019115.17
FEYE13.78Long8.48%9/6/201913.72
CRR2.02Long2.44%9/10/20192.52
GPRO4.52Long4.31%9/10/20194.21
WLK64.31Long5.94%9/10/201965.46
CMP53.18Long6.55%9/10/201954.58
RSX23.19Long16.78%9/11/201923.60
CMP55.4Long6.82%9/11/201954.58
GPS19.09Long5.00%9/11/201917.90
FEYE14.29Long7.48%9/16/201913.72
FRGI10.69Long4.36%9/16/20199.96

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

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
EWI3.99%13.54%0.54%207/30/20198/19/2019
CC24.56%2.45%0.60%307/23/20198/21/2019
BA3.66%5.86%0.21%277/25/20198/21/2019
BA1.39%5.59%0.07%227/30/20198/21/2019
NWL-0.84%3.47%-0.03%168/7/20198/23/2019
NWL-4.77%7.88%-0.38%18/22/20198/23/2019
LYB13.13%6.87%0.90%307/30/20198/29/2019
CLCT6.25%4.15%-0.26%128/15/20198/27/2019
EB0%3.88%0%78/16/20198/23/2019
EB-6.29%4.81%-0.30%48/19/20198/23/2019
EXK-4.01%2.46%-0.09%29/3/20199/5/2019
EXK-9.38%4.56%-0.43%29/3/20199/5/2019
DBO-3.93%9.54%-0.38%19/5/20199/6/2019
SUI7.83%7.90%0.62%338/7/20199/9/2019
BAX0.87%8.11%0.07%278/13/20199/9/2019
IHI-2.24%16.81%-0.38%138/30/20199/10/2019
SAFM-2.37%8.68%-0.21%138/30/20199/10/2019
BRO-2.38%15.63%-0.37%138/30/20199/10/2019
FRGI-7.62%4.58%-0.35%138/30/20199/10/2019
JBLU-4.17%9.06%-0.39%89/4/20199/12/2019
SPB-1.82%7.56%-0.14%69/10/20199/16/2019

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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