Trading Recap 3/25/15

Well, today I managed to make back half of my losses from my prior -10% day with one trade. This is a testament to keeping losses small and to not let one day get you out of the game. This trade is also the most I ever made for real in a day and in one trade. Before I get into the trade recap, I just want to touch upon the fact that while I have not pressed the place order button for the past week, if I did, I would be up so much more. Obviously calling something out and trading it are two separate things but nonetheless calling out correct plays helps with my confidence so that I can eventually "press the button" like I did today. Hopefully, today gives me the extra confidence needed to go in and size in. Every day at all times of the day for the most part I have been able to find something worth playing and this has also increased my thinking in that it doesn't matter to miss any one particular trade because there will be another coming up soon enough.

First white arrow is entry, second is exit.

KRFT: Who knew my biggest winner would come from playing 50 shares of KRFT short? I always thought it would be from a smaller priced stock. Funny how things work out. Anyway, I first saw the parabolic around $85 and it was hovering there and I was thinking of going short but decided not to since it's a real deal and everything, with Buffett himself involved. Later on in the day though I checked it again and saw what looked to be the backside of the move with a lower high forming. I also knew that the run-up was all a squeeze of shorts, so it had potential to fade nicely. I saw a small base forming around 86 where the prior low was and decided to short 86 with risk on 86.50s over/under as a guide. Was it a small stop given that this is an almost $90 stock? Yes. However, I really had had enough of missing out on these plays where I would have been right (which as I describe above has been happening more and more). My mouse hovered over the place order button and something inside me just said "fuck it" and I hit the button and got filled instantly. From there on it was a nice $3 slide without much hiccup to $83. I was being as patient as I could be for the potential of $80 but I saw higher lows formed which was uncharacteristic of how it was acting before on its slide down so I put a stop at $83, guaranteeing me $3/share profit which triggered. It ended up going to $83.10 before going right back down and I thought "well, damn" but it came back and just consolidated around there for the rest of the day.

Things to work on:

1. Continue this trend of not being a pussy and press the damn button if you think the setup is good.