First of all, I have a day job. And while working, my broker is always open. I have my Amibroker as my charting software, and Google Chrome for my brokers: COL Financial & FirstMetroSec. At work, I monitor the market silently. No one knows I am doing this.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXi2ZCCI7ajeNsQm3SdhV9zLjlS99v69UauwD46wvhXlNvQZYrLvgXbdxzQf9FWWG_AnAvvpvOLgg_2HuEicwOC-kuhBXEmwUWBlu5jov1fTqQpgyCFLblcJwsoYRKDQeuz2azdFS0yXU/s200/start_keyboard_alt_tab.jpg) |
Meet my two friends: ALT and TAB 😉 |
It's hard to do it simultaneously: stocks trading and doing full-time work from 8am to 6pm, Mon to Fri. My focus is divided into two. Sometimes, I really get distracted whenever my trades are not in my favor.
So anyway, here are my trades for this week, buena-mano for the month May.
[May 2, Tues]
After my successful trade of MRC last April, I decided to give it another shot. Tuesday of May 2, I entered MRC. Conviction was consolidation at highs and near 0.480 breakout point.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7CALi4GhOHbhyMoO67G3RlR8iOov3zggxAnL3Z2EWXE6OgPqkfG-85CANUbHeU_eyj7mGNwe429gdmPV3N_yuz_lA-PeIMYWYYHdUlqAfWSTHeeiL7zZU2EU_MGwsAuVzNEMAT2z1kBY/s400/MRC+05+02.png) |
MRC - 05/02/2017 closed at 0.455 up +8.3% |
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNZi7rta2QGb7N78AKpMg7c4DJAR3nChBsUasCmRP_o7kN3dkmOvow-SW2lt00UXBSvrQcWgdoZu9MCqFvztdjrc0w42ZBtWAncMb31w-0A0kKyInK5PXcC0V1gPr9sCq-KuVfJKjFZaY/s1600/MRC+BUY.png) |
MRC AEP 0.450 |
[May 3, Wed]
Mining sector was uptick last Wednesday, May 3. After market recess, I noticed some mining names were active. They were all green running across the ticker. I quickly made a watchlist of some mining names I know:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXSvU2OSpqrWMP_0pRq17I9fiT2V_AAnJUSq6FzNIhswSnz10UBQ2hIc4a_g_b6CgaqZvESkKb3huMGT6VfUVn3qrF_hXZkIn5fcuAhFXCVhhgUIE6uQnuIhi2SMepqEJW4ns4jXl4HMo/s1600/WATCH.png) |
TAKE NOTE: MINING STOCKS WEREN'T EVEN ON MY WATCHLIST |
[Between 1:30pm to 2:00pm, Wed]
I checked the charts right away, they were beautiful. Breakout candles forming everywhere. "This is amazing." I told myself, "I must not miss this move. I must ride this swing and I have to get in early. Tomorrow will be good, end of this week will be a different story."
LC, MARC and NIKL were the first to fly away. All were green, all were up +3%, +5% and even 10%+. So I said, Yeah, this is it. I should enter some mining stocks right now.
[At 1:55 pm]
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6WzAXvS01IJ8TGsj1dmsRSE1_aFwElGjDSbz3xXjWn2NGy3a93JrG0kj5Ku9VJkZW6tlp4mJuPt4xHARVjiwo-iGBwsz2N8bfxdxUi6naFylAShPnpxNoHZgOVNQOyoqbPTWy2YS7Gho/s400/LC+1+55+pm.png) |
LC was 0.219 up +15.3% |
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYsqm9q6PAwNVzNS6EydMIhMgJbaAyclTXUZj11vp1Rdh9M2f0PMHgNdT0bCaP_ZXFag3TcINBZ5Rukv3me0hXFTf-HZuGQ_J0A89inNxnMBv_b378amoyqU32mPWE9pBhkpXnaIWHfoY/s400/MARC+1+55+pm.png) |
MARC was 2.2 up +11.7% |
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhldOYwZwApzdmusvjMcZr2Srsqs6zqbLZU8CdxN6ODH2RAiUxfA1NAeai72VXvXMOeK9gJU-te2ADUfnR_HL9O8g23k2e5uOnken9iRsp499LJiy4iKfdKEMzFbAMGNZmtPCGv7elCqKg/s400/NIKL+1+55+pm.png) |
NIKL was 6.98 up +5.1% |
Out of 6 stocks I'm watching, I was choosing between 4 stocks: NIKL, MARC, FNI and APX. I did not entered NIKL and MARC, bec they flew already. MARC went up +11% that time. As for APX, the setup was impressive, it came from a downtrend and the bullish divergence was a great conviction.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZmLZK0bdYK2CV_LTM-8rYhk17jc9O2cf8cBfAPTdblLj_0DR-0gLODaCPfAqmgnSqZHxKIu-PgSWifCZlp13Z4zOOdpxtIW3kZs_9IQWqV3oHQCiLQdk7kDxZVCwec83JiesP51l7nmw/s400/APX+1+55+pm+RSI.png) |
APX was 1.66 up +4.4% |
...but I hesitated.
So I was left with FNI.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGwvQ-drxsGyL08a4riuz1BuOPeImTp0K2asyg35s2zv1L_nx5JMSpajVqOL6ODpo3cfS3YiJh95RhqpAJJHyF-rKOyNWgcGxpe71jS7aQTwgEvc_D1bHEyrbV35WMLfRl3WBjP5a2HzE/s400/giphy.gif) |
FNI was 2.89 up +5.9% |
I entered FNI instead. Seeing it breached 2.86, I bought 2 tranches at 2.93 and 2.94 around 2pm.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6ORStDQ9Nj87AThvNnaBDL27tuHeGch_AApH4fgXs4WWtguSfCwbHltWWHy4-JiMHBVmV_d_cpzWaL39oGCGlBz7Pl5amjJz_izcXJlgNh6md9bhf2cGlIlJ45ZLbGQBAS-vpb_d70dk/s1600/FNI+BUY.png) |
FNI AEP 2.935 |
On the other hand, I sold my MRC because it went below my entry level.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMQE1ZXHzL26LGuyy4ZEShyphenhyphengr4nN7k9qlXjxyTmKG9xQs5DBzVf8FmiVHpnhp8ZqdCk_zJCSAnk33EDLGootxHefv76j2lXsc25DbfTpJWoLizR6noLIDLMymEc20iBt2s1EN-iwYEys/s1600/MRC+SELL.png) |
MRC selling price 0.445. Roughly around -1.1% loss. But I said, hey, I bought the breakout of FNI! Just switched to winners! |
So I went back to work after buying FNI and selling MRC. Got myself busy, and little did I know, this happened...
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjY9geEkWMjHiaA3kiA40FYwBj1GHKswOoVNW0_mAkX-FUD0XA7RQwmoHFweQ_9uuaxyDSdHIxwhwQVP1Z4KkzRkS8n3vVrkrlrgS1W2DhY_z70KTbnnWi0OibrFq9j3rqc3HnkqRW2rbA/s400/giphy+%25281%2529.gif) |
FNI just broke down |
[At 3:00 pm]
I checked FNI, breakout wasn't successful. Too bad for me. I noticed the asking side was getting bigger. "Where did the buyers go?" The selling pressure continued, so I decided before the run-off.
I had to cut immediately.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhetSMo-_UqTJNeD79zQ7PoWJWGUAT4vfcBhV-EY_jmVK9WPxhNX8OpDi6I8qXjhRaUY24pLo3fyeCTtl19bIZowd0EP1SKeJnBnNZ2V8hQcLj3KnC9JR34NhXywR0JIB9KBcoNb_kKHe4/s1600/FNI+SELL.png) |
There you go. FNI selling price 2.77 |
And yep, that's around -5.6% loss incurred for the FNI trade.
As you see, these are losing trades. These trades are not well-planned at all.
For my MRC trade, I assumed that the next high will be broken immediately, doing another monster run. But didn't happened.
As for my FNI trade, I am assuming the breakout will hold and continue the next day. But that didn't happened as well.
Looking back at these trades, these are the mistakes I kept on doing. Executing trades just because the stock went high and being afraid of getting left out. I was buying at the highs and selling at the breakdown. Most of my errors were impulsive trades, taking unplanned steps again & again, ending up OVER-TRADING.
Fear of missing out (FOMO) and unplanned trades can lead to failure.
I hope this will be instilled in my system. I hope someday I will learn to avoid my repetitive mistakes and just follow what's on the plan.
More to follow.