OK, so I just gave myself some liberty to day-trade as of yesterday. This morning I tried a few things that I preached and that worked before. Of course, nothing would work all the time. That’s why money management a la stop loss is paramount. But, what’s the chance that nothing works at all. As jinx would have it, this morning was one example.
- I went long on reversal of the opening trend. Stopped out.
- I went long on reversal of opening trend 5 minutes later. Stopped out.
- By now, I’ve concluded today is a non-trending day, so I went short on the upper opening range. Stopped out.
- I went long on the bottom of the opening range. Stopped out.
Now these are just token trades to insulate myself from total boredom while holding a core short position, so financially I didn’t lose much — especially compared to the paper loss on my current short positions — but I think I got the signal not to attempt any more folly today 😉 I seriously think I need to fix the feng-shui in my house. LOL.