January 2025

 Good month. I sat on hands first 3 weeks then got active once i saw setups.

+$2900

9 trades.

2 Major wins.

Max loss $250

4 $200 L

3 W Avg W  10 Adds $404

        +$4000

6L Avg L 10 Adds -$111

        -$1113


CIB ($2174) OPRT ($1300 and counting) and BZUN ($305) all great wins.

UTHR OII x2 IBM SSYS OPRT all fine losses.


As always risk first, so losses first.

UTHR was a trade that I could have skipped. It gapped up in the morning and sold off then I got in. I just got in, I didnt wait for it to hold or pause, I just got in. Then the sell off just kept going. ANd to make matters worse I held past stop point for a garbage -1.8R trade. 

I wrote I had to leave house so I left order on. It was small size but regardless, given circumstances, it would have been better to leave alone and come back to see later if trade was on. FOMO

OII was a tough one, a mid grade setup so not major size. Just didnt cathc on and turn. -1R

OPRT I first bailed on this as there was a very clear hourly breadown with VA loss. Loss made sense but I wrote that I didnt give it prev lod. I ended up bottom tickign out and then it quickly reclaimed. I tried to save a penny Looking at chart, clearly another penny would have given it a pivot point as well.  Must get back in when it appears. 

OIIx2 just a simple loss. Hit trigger level, lost lod.

IBM tough setup. But good enough. Cant really find a clear reason to not take this one, MAs mix and match but overall tight and good position, most curling up. Market had big gap down but saw strength. Strong industry. Not enough to get big on so small loss. 

SSYS same as IBM, even smaller size though. Fine. 


Wins

CIB good setup. I wrote my exits were pretty bad. Out on nothing, just emotion. Opened up next day right where it closed, and I think I just saw a tick against me, I didnt want to giveback any gains and just took it. Real shame that is another $1000 +

BZUN China play that was mediocre and bailed out with luck on BABA news. I wasnt big to start just let ride what I could. 

OPRT slow but took off. Just glad I got back in. Added big when I saw stars aligning and it went for me. Partials were great I held on and bailed at BO levels. 


Problems

Taking off partials too early

FOMO getting in. FOMO getting out. 


Solutions

Plan of action every morning

    -If worried about giving back too much/gap up next day, give it a 5min ORB and partial is LOD             break. 

    -Once profitable(+1R) + next day, stop following 9hr ma and close under + breakdown/intraday pivot     loss

    -If not going to be at desk, entries are only on BOs and have to accept wider risk. 



Takeaways

-Prev LOD has to be stop to start. Once new HOD set, can be move to intraday. 

-If I have to leave the desk, the entries must be on breakouts. I have to be at desk to enter on PBs. 

-FOMO and Emotional trading is becoming more recognizable. Dont act when you feel it. Always have a plan. 



Pretty chill month for me. Always at desk ready and waiting, but being super selective and saying no to a lot of setups has been good. Market continues being strong, long is on. 

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