To start reporting on my trades, I’m going to develop a format for a standard assessment of my positions. I will separate day trades from swing trades and report number of trades opened and closed with each, the R-value of all trades closed, and the R-value of all trades open. This will also be a learning journal entry for me to remark upon any important takeaways I might have from my trading experience for the day.
I framed and entered orders for 4 swing trades before the market opened this morning. The candidates were INTC, LMT, KMB, and MRCY. I received fills for two long positions in KMB and LMT. KMB went on to hit its original stoploss later in the day (-1R), so net for the day I am +1 open position. I have 26 open swing trades, with a net +20.13R.
Long: GDX, V, KO, CVX, XLE, ABX, AEM, CBRE, ESPR, GLD, GRUB, MRK, MSFT, CSCO, DVN, EOG, PXD, SLB, USCI, NKE, QCOM, LMT.
Short: HSY, THC, NYT.
I was able to sit in front of the screen for just over an hour today in the morning and a half hour just before the market closed. I made 6 day trades which netted +2.05R.