What a day. A green day, but still a day…lol. I guess i’m starting to sound like a broken record, but it’s another day where there are things to improve on. Things started off a little weird as the routes in DAS for my broker were not working, so I sat for a good bit before getting the bright idea ( sometimes I’m super slow ) to call them and get my locates over the phone. In hindsight I should’ve probably at least tried to use the mobile app to locate shares, so the next time I’m seeing some issues there I will definitely reach for the phone to see if it works that way.
With that being said I had a killer read on a few names, but since I didn’t have any locates I ended up just trading one.
IDXG
I had a great read on this one, but I had some holes in my execution. The first short coming was that I should’ve covered around the $4.08 range where I had about 8 minutes of sideways action. Key takeaway for me here is that I need to see some continuation, otherwise I need to size down around my core and be ready to add on failed follow through, or exit or resize into the next move if it moves counter to my bias. Had I done that I would’ve locked in a great bit and then been in a great position for the move back to shove to reposition off that push.
Next when I sized down when I felt the curl I should’ve sized down a bit more than I did. I have to remember that you can always get the size back. This is an interesting battle since I’ve been struggling with attaining my full size lately, so now I need to make sure that I’m chopping it way down on the reversals and then sizing back only into moves that are either para or failed follow through
Those two factors had I executed better would’ve probably resulted in 3-4x of the returns. The goal is to continue to improve daily and I’m grateful to be able to identify these issues and be able to work towards closing the gap in my execution on them.