Decent first day of the month, though I did not capitalize on large share of paper profits. This was frustrating, but I did hold the trade (JPM) appropriately & with conviction, so I can’t be too upset with my performance as it was in line with best practices. This was a great example of a day when I had justified conviction & took advantage of what was a clean, clear chart, & profited accordingly. Cannot help feeling that I ‘could have got more’ & perhaps this is an insight into what future trading should look like: when you see clean setups you must capitalize, you should commit with size proportionate to the quality of the setup. Again, I can’t be too upset, I started the month off on a high note, with a bigger day than any day last month, though not quite as big as I need to have in order to reach my monthly goal if today is my average size, though I’m not far off. Need to look into Micro E-mini futures, perhaps not for this month, but starting next month may be worthwhile to begin dipping my toes in.
The only play that you missed that you should have reasonable capitalized on was NKE. You need to get more comfortable with bullish plays. With the strength of the daily level at 100 it was a good risk to play with a stop just below. The chart opened near the level & didn’t look back.
