Trading Recap 1/30/15

Today will probably be the last day for me paper trading and moving onto a small real account. I probably wouldn't have made this trade if I was trading for real and that is why it probably didn't work, although the market didn't help.

White arrows are entries.

AAPL: I saw an almost ABCD forming in addition to channel forming on AAPL. I thought that with the recent earnings it could continue its momentum. I also wanted to practice buying the dip instead of breakouts. I saw it break the channel but come down. However, the prior resistance was acting as support so I started in with the mentality of right or right out and set a very tight stop. The stop triggered and I lost a very small amount. I then retried since it was acting as support again with another tight stop but it just triggered my stop again for another small loss. In hindsight it would have been a nice short because of the rejection of going to new highs. I will work on that going into the future. I think I just wanted to see how buying dips instead of buying the pure breakout would turn out. Either would have failed but buying the dip exposed me to less risk so I will look to also work on that going forward.

Things to work on:

1. Continue to buy the dip on long opportunities if possible.
2. Always be on the lookout for failed moves.
3.  No afternoon lull trades unless the setup is great.