Ended the day +27% on account. Looking forward to tomorrow.
One thing I’d like to touch on is today demonstrates what I was talking about in the practice run, how much “hovering” can be a win for your account. Learning to recover and protect against massive losses and keeping a “similar” balance allows you to “wait” for lack of better phrasing for when the right moment comes along and pushes your account higher.
A big part of this is definitely position sizing. Right now, SENS is roughly 71% of my account. This is because the play has consistently paid, I have good safe strikes with really solid entries. I’m letting my winner run but also trading it in such a way as to optimize my gains and protect against substantial losses when it turns around.
ESSC & ASTR are much smaller positions because they are a larger risk. My current portfolio is consolidated and strategically sized, its a key to profitable trading.
What are you looking to enter today or still with yesterdays entries?
I’m taking the day to get the setup right for actually trading. Did a bit yesterday but it became apparent that we need to flesh out the way we’re doing streams and such before I give it a real go or else people are going to miss a lot. I’m still holding my challenge positions and I’ll provide an update again tonight.
