While my business is not going well, on this I will work more and return to the analysis of my transactions, especially unsuccessful. When things went uphill, I stopped spending time analyzing the transactions, why do this if everything goes well and I thought so perfectly, now you have to pay for it . I could not notice the reason for the deterioration in trading in time, Of course, I knew that summer would come and the activity in the market would decline, But he stubbornly did not want to adapt to the new market.
While my business is not going well, on this I will work more and return to the analysis of my transactions, especially unsuccessful. When things went uphill, I stopped spending time analyzing the transactions, why do this if everything goes well and I thought so perfectly, now you have to pay for it . I could not notice the reason for the deterioration in trading in time, Of course, I knew that summer would come and the activity in the market would decline, но упорно не хотел перестраиваться под новый рынок.
TC : Thompson Creek Metals Company
Sector: Basic Materials > Industry: Metal Mining
I bought from the very opening, the share has been bought for several days, she opened above her high which was still installed 11 July and could go further up the whole day, but in fact it only went up 30C and did not go anywhere further.
FCX : Freeport-McMoRan Copper & Gold Inc
Sector: Basic Materials > Industry: Gold and Silver
Opened higher than yesterday's high and thought that they would buy FCX further today, entered by the market at a very bad price and because of this, the stop turned out to be large. Unjustified risk and big losses because of this. Bought for a couple of days, although it may have been due to the market, on the day the situation is uncertain.
TCK : Teck Resources Limited
Sector: Basic Materials > Industry: Metal Mining
The same situation as in FCX, but then I lost the minimum and at the end of the day I made money on the continuation of the trend. There was an idea to leave the position for the night if it will go up, but the rollback was very big.
NVS : Novartis AG (ADR)
Sector: Healthcare > Industry: Major Drugs
Stubbornly did not want to go up and shorted after breaking the opening price, stop was not big on the high of the day. It's a pity I sat out a little, stop put a little wrong.
KSU : Kansas City Southern
Sector: Transportation > Industry: Misc. Transportation
The situation is similar as in other promotions.
Results:
Closed the day in flat. Hoped for a continuation of the upward movement in stocks, but the market did not grow further and my longs did not go. The worst trade was at FCX, there shouldn't be any more like that.
I used to sit in trends during the day, but here it was necessary to catch the first movement that comes with 9:30- 10: 00 . My main moves come with 10: 30 to 12 и после 14, so I don’t need to enter the market before this time.
