Day three of live trading was almost a red day for me. I went with the "gap and go" plays like last time and found that $STEM was showing potential for another run... it had a huge run the prior day. I had a nice entry of $1.79 and saw my position quickly run to $2.00. I thought it would run more so I set a loose trailing stop even though I was sitting on about $800 in gains. Of course the stock market gremlins had other plans and it faded on me and zapped my gains into about a $280 loss.
I almost placed a trade with $THLD which seemed to be a sympathy play on $STEM but ended up with a momentum trade in $CYCC shortly before a HOD breakout. My entry was $7.73 with the HOD breakout at $7.79. I ran with a trailing stop and locked in $350 profit on a dip. Left about a $1 on the table but I wasn't willing to set a stop that was too loose.
I could have had a $1k day... but there is no point in beating myself up. Losses and trades flipping on you are part of the game. $STEM could have just as easily continued to run and my loose stop could have kept me in longer and allowed me to capture more of the move. I managed my risk, stuck to my stops, ended the day green... not to mention I had the opportunity to trade with a view :)
Next trading day will be Monday the 22nd providing I'm not camping.