Day 2 of journal, 5/4/2020, Monday
Closed position on AMD on Friday.
Capital, $5332
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Market Today - Bear
SPY & QQQ - 11:40PM
QQQ going strong, SPY found support.
Stocks on watch list today
AAPL, MSFT, AMD, BABA, BA, ZM
Missed the boat on MSFT.
Could've entered around $175, but I was looking at other stocks.
Made a mistake on BA
Shorted BA at $125, thought it would go down to $120 because Warren Buffet sold all his airline stock. However, did not notice it gaped down so much during pre-market. From Yesterday close to today lowest already 6.64%. If it were to go down to $120 it would mean BA dropped over 10%.
Trade 1 - Shorted at $125, hit stop loss at, 128. loss $32.
Trade 2 -Told myself I would wait at $130.47 to short. Got slightly impatient, shorted at $129.74, stop loss at $131. Stocks went up, came back down, sold because fear of going back up. Made $0.
AAPL trade
Trade 1 - Bought at $290.17 suspected breakout. Price went up to $291, came back down, moved stop loss to avoid loss. Made $2.
Trade 2 - Spotted a bull flag, entered at $290.22, Price went up to $291.17, long red candle scared me, sold at $290.83. Price hit $292 after 30 mins. I wasn't confident to hold because it is a bear day.
Closed position on AMD on Friday.
Capital, $5332
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Market Today - Bear
SPY & QQQ - 11:40PM
QQQ going strong, SPY found support.
Stocks on watch list today
AAPL, MSFT, AMD, BABA, BA, ZM
Missed the boat on MSFT.
Could've entered around $175, but I was looking at other stocks.
Made a mistake on BA
Shorted BA at $125, thought it would go down to $120 because Warren Buffet sold all his airline stock. However, did not notice it gaped down so much during pre-market. From Yesterday close to today lowest already 6.64%. If it were to go down to $120 it would mean BA dropped over 10%.
Trade 1 - Shorted at $125, hit stop loss at, 128. loss $32.
Trade 2 -Told myself I would wait at $130.47 to short. Got slightly impatient, shorted at $129.74, stop loss at $131. Stocks went up, came back down, sold because fear of going back up. Made $0.
AAPL trade
Trade 1 - Bought at $290.17 suspected breakout. Price went up to $291, came back down, moved stop loss to avoid loss. Made $2.
Trade 2 - Spotted a bull flag, entered at $290.22, Price went up to $291.17, long red candle scared me, sold at $290.83. Price hit $292 after 30 mins. I wasn't confident to hold because it is a bear day.
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