NutriSystem Inc. (NTRI), Aeropostale Inc. (ARO)
+$71.89
Today was really frustrating for the following reasons:
1) The market was kind of choppy
2) I traded too much, trying to force things
3) I missed a lot of good moves that were on my watch list
4) The move that I got was with a small position because I only got a partial fill on a limit order
5) I mistyped an order and screwed myself
The best way to make sure I don’t have more frustrating days in the future is to:
1) Meditate every morning (I haven’t been doing it lately)
2) Don’t try to force things - stop at 1pm, trade only the BEST setups.
3) Prepare myself better the night/morning before
4) Try to use more market orders or at least wider limit orders, so I don’t screw myself on partial fills
5) Be careful entering orders
NTRI moves fast and I got screwed this morning. At around 10:10, I had a nice profitable position in NTRI. Within a couple of minutes, I had a big loser. I even had an order to sell partial position if it went down to breakeven, but I had entered the order wrong, putting the number of shares for the price and the price for the number of shares. I didn’t notice after I entered the order that it immediately became inactive because of the bogus numbers. So I had to quickly manually enter the order, much below (about 1R below) the price I wanted. Oops.
Just after 10:45 I noticed ARO breaking out so I put in a limit order and only got 20% of the fill. It then ran up quickly for the next hour.
ATI and VPHM went nuts - both were on my watchlist.
But at least I didn’t lose money.
