I framed no trades for today, and one trade hit its stop loss: JPM.
I consider this the price of distraction. The stop should have been moved up to break even after the hammer on 5/3. Having missed that during my time away from the screen last week, I could have had the stop at the Bollinger band mean, or even the PSAR dot. There was no reason to wait all the way to the original stop loss to exit this trade aside from lack of attention.
That leaves 14 open positions showing +7R.
Long: AEM, BMY, CAT, GLD, INTC, IR, KR, OXY, PFE, PYPL, RIO, TPR, TWTR.
As noted yesterday, I had no time to watch the market today, so took no day trades.
In my non-trading life, today was a very hectic day. It is really easy to see how I am not putting the necessary time into my trading at the moment. I have framed no trades for the past two days, even though I am sure there were candidates available. The rest of this week will be a challenge to find the time to trade, so I have to be willing to give back more than I would like on some other positions if the market changes direction. The other option is to close all positions, but I don’t believe current market conditions warrant stepping completely aside.