Well, pretty much missing by pennies captivated my day today. It was truly painful especially when I am desperate for green trades these days.
First, I missed TZA day trade profit exit by 2 pennies. Limit to sell at 34.98 didn’t get filled while price hit 34.96. Not too big a deal, but it dampened my spirit nevertheless. I chased and exited it at 34.59, 38 cents lower.
Next, the entry for ICGN was missed by a penny, literally! I see a 3 legged up and then a 2 legged down. I figured possibly another 3 legs up. I was betting on the consolidation on the 2nd leg for an entry, at 7.35. Surely there was a dip to 7.36, missing my order by a penny! The stock went ahead without me and I left an 8% run on the table! Ugh! I really felt sick on my stomach.
Next, it has nothing to do with missing a penny but another jinx that I need to document and vent. GURE broke out of compression flag and I wanted to make an entry. I clicked on the “1000” button for 1000 shares and bought the market. To my disappointment, I only bought 100 shares. The reason was the Matrix order interface default to 100 shares, and when I click on “1000”, I merely placed the focus on the Matrix order interface and did not change the quantity from 100 to 1000 as I intended to. The stock went on to rally another 4%. I took a 2.75% profit of $8 while it should have been $80!
Finally, the froth TAOM tagged my Fib extension target of 13.83. I placed a short at 13.69 but then I cancelled it. No gut to short after being burned from the dark side way too many times. I thought I have to fight my tendency to fade a trend. Well, guess what, as jinx would have it, this time it would have worked and I missed a 6.8% shorting profit.
Despite all the aggravations, the day didn’t turn out too bad in terms of my portfolio value. It’s up $800 as the market continues to weaken, thanks to my core SPXU and TZA positions. At the recent market peak 5 days ago, my portfolio value went below $131,000.
Portfolio Value: $133,800.