Review of July trading

Im not a very good stock picker. That results in having substantial number of losing trades and also losing red days. However each month I end positive with consistent monthly gains. That is proof that using a strict disipline when managing losses is the key of succesfull trading. Obeying the risk v.s reward ratio of at least 1:2 allows me to come out positive on long run simply because cutting the losses does work. We can never know for a fact anything except the one thing that we can know for sure: we can always know how much exactly we can lose. If such losss is in the comfort zone and is managable , the wins will take care of themselves. 

To be countinued... 

Two winners JAKK WLL two smaller loser HAIM HRTX

                                                        JAKK

                                                           WLL

                                                         HAIN

                                                        HRTX

Green day AET VDSI shorts

AET
Was OK R:R. I wish  if it never made a pull up so I could  let it run further down, but reality is  pull ups are inevitable and have to take what is given and be thankful. Which I did OK

AET

AET   eod

Seems like leaving money at the table is my "curse"

SCALE OUT more often. Live even a smalll size for possible home run. Did great doung that last Friday on ISLE short trade

VDSI  I shorted the lower highs  with anticipation to break the horizontal support 32.60, but it bounced. I did not cover for profit at the bounce , and covered for scratch . tiny loss. Shoulda woulda coulda  but  didnt.. If I did cover it I'd be in locked in gains, and two things could have happened:

1) bounce as it did , and could have re-enter recycle trade

2) break the horizontal supp and go down without me.

In both cases I 'd be better off if I covered since I'd had a profitable trade with more or less gain. What I did  gave me no gain.

VDSI

VDSI eod

The entries

Some observations of great opportunities missed & Trading rules

Impliment these rules in the symbols below

After market closes I always see that there were so many great opportunities , but the challenge is how to be able to see them when they present ?!?

All these were symbols from my watch list past few days and out of many just  few gave great entries.

                                 VIMC  my buddy took this short  trade he happen to see it

                                          AXS

                                       HES

                                                HAR

                               MDAS

               Z

                AF

       SINA

                   MOBI

                RPTP

              VIMC

 NBIX fake break out daily ??? Maybe  but late chased entry

       NBIX covered with loss

                      AMED

                         AMBA

                      NQ

             RDUS stopped out 

SGYP  short below 8.80 1 c spread

Green day shorting with a home run on ISLE and small loss on HMIN

ISLE the home run . I shorted the break below 21.00, covered 2/3rds 20.50ish area , trailed the stop on each lower high , closed at EOD for $1.25 gain. It doesn't happen often but when it happens you gotta be in it to win it. 

                                                             ISLE  short 20.99

                                                   ISLE  the eod cover was a the gravy

                               

HMIN
Was dead wrong shorting where I did but managed  to lose small.

                                                         HMIN the short 31.45

HMIN covered with manageable loss and GOOD that  I DID 

Jun 11 Green day all shorts QIHU KKD CSIQ BAX

Trading less always works better on long run, focused more on good entries and better follow up during in the trade.

                                QIHU did not hit target but took some green gains on it

              KKD reached full predicted target covered and left money at the table
I still have no solution to optimize this, except scaling down that I do often but not today

                CSIQ took a small 5 cents loss it just did not drop below 33.00

 BAX  still in this short lot of choppiness at HOD  but I think risk reward is not bad looking for drop to 67.50 risking 20 cents max or less depends how it holds 68.00. 1 hour left to EOD

BAX stopped at 68.21 ... 12 c risk t make potential 50 cents is worth it

Jun 10 Over-traded red day all short trades on big up day $SPY

When I do not tweet  my trades I tend to over-trade. Lot of early entries without conformations. Patience problem ?!?! Red day today ,all shorting,  considering SPY had nice rally after 4 down days in a row from a major technical support area.

4 losers one break even 3 winners

SPY held a important support

                                              ETSY loser    went in too early

                                              KTOS loseer no good short confirmation

                                              CMC    loser  too early entry

                                                NQ loser dont remeber why

                                                   SLF  no good confirmation for short entry

                                                 AOI   winner

                                                    AF a winner the only one I tweeted

                                               LAYN  winner  the all day fade