Symbol: KR
| Date | Trade | Quantity | Entry | Stop Loss | Profit Target | Reason | Result | Remarks |
| 17 Feb 10 | Buy | 1 | 11.03 | 10.455 | 11.605 | Pullback after breakout | Profit after 40 days | 13 days if exit NEAR PT |
| 29 Apr 10 | Sell | 1 | 11.18 | 11.895 | 10.465 | M reversal | Profit after 17 days | |
| 4 Jun 10 | Sell | 1 | 9.58 | 10.25 | 8.91 | Breakout of horizontal pullback | Loss after 9 days | |
| 14 Jul 10 | Buy | 1 | 10.46 | 9.935 | 10.985 | W reversal | Profit after 17 days | Almost stopped out |
| 3 Nov 10 | Buy | 1 | 11.37 | 10.815 | 11.925 | Breakout from consolidation | Profit after 20 days | |
| 10 Feb 11 | Buy | 1 | 11.37 | 10.985 | 11.755 | W reversal | Profit after 16 days | |
| 13 May 11 | Buy | 1 | 12.595 | 11.945 | 13.245 | Breakout after pullback | Loss after 13 days | Could have been profitable if I bought at the first bar after breakout |
| 1 Sep 11 | Buy | 1 | 11.87 | 10.975 | 12.765 | W reversal | Loss after 6 days | Impatient trade |
| 24 Oct 11 | Buy | 1 | 11.595 | 11.09 | 12.1 | W reversal | Loss after 19 days | Could these two losing trades be because I missed the sell trade on 2 Aug 11 |
| 20 Apr 12 | Sell | 1 | 11.53 | 11.955 | 11.105 | M reversal | Profit after 18 days | |
| 7 Aug 12 | Buy | 1 | 11.31 | 10.875 | 11.745 | W reversal | Loss after 13 days | |
| 17 Oct 12 | Buy | 1 | 12.47 | 11.845 | 13.095 | Breakout after pullback | Profit after 29 days | |
| 28 Feb 13 | Buy | 1 | 14.63 | 13.8 | 15.46 | Breakout after pullback | Profit after 7 days | |
| 11 Apr 13 | Buy | 1 | 16.41 | 15.74 | 17.08 | Breakout after pullback | Profit after 8 days | |
| 10 Jun 13 | Buy | 1 | 17.35 | 16.365 | 18.335 | Breakout after pullback | Profit after 21 days | Almost stopped out |
| 29 Jul 13 | Buy | 0.5 | 19.89 | 19 | 20.78 | Breakout from consolidation | Loss after 14 days. | This is a trade I took to combat the effects of FOMO. Rally is overextended at this point, pullback is minimal |
| 11 Oct 13 | Buy | 1 | 20.425 | 19.84 | 21.01 | Breakout after pullback | Profit after 5 days | |
| 17 Jan 14 | Sell | 1 | 18.53 | 19.85 | 17.21 | Breakout after pullback | Exit at breakeven. | Change to breakeven at 61.8% profit due to strong support nearby. |
| 3 Apr 14 | Buy | 1 | 22.695 | 21.49 | 23.9 | Breakout after horizontal consolidation | Profit after 35 days. |
Today, I have a total of 12 wins, 5.5 losses and 1 breakeven, giving me a total of 6.5 net wins.
However, if we disregard trades that took more than 20 days to profit (4 in total), the number of wins drop to 8. Assuming that those trades result in a 50% loss, the number of losses increases to 7.5, giving me a total of 0.5 net wins.
I realize that I tend to perform badly after missing a good trade. Therefore, I’m trying out this strategy: Whenever I see a trade that is very tempting, but I see some reasons not to take it, I’ll take the trade with half the position size. If I am wrong, the loss is smaller. If I am right, I get some profit from it.
Losing Trade 1: In terms of price action, I think this trade looks good. The only possible warning sign that I should have noted is the low volume for bar A and the bars before.
Losing Trade 2: This trade would have worked if I entered above Bar B instead of Bar A. However, the trade may not have trigger because the bar after bar B exceeded it only by 1 cent.
Losing Trade 3: This trade may have been an impulsive trade due to missing the prior downtrend that I could have gotten in below bar 1. Hard to say what is the problem with LT3. It could be the incorrect W shape, or the fact that the pullback only consists of 1 bar (bar 2).
Losing Trade 4: The warning could have been bar 1, which poked above the pullback range but reversed back into the range. In addition, bar A is not a convincing break.
Losing Trade 5: This trade is similar to LT3. The mistake could have been the incorrect W shape or the fact that the pullback only consists of 2 bars.
Losing Trade 6: This trade is easy to avoid. The trend is overextended. Thus the pullback is not enough of a breather.
Notes:
- For LT3 and LT5, I mentioned that the pullback only consists of 1 or 2 bars and may not be sufficient. However, there are cases where such pullbacks work. Maybe such pullbacks work better in a strong trend?
- For LT4, I mentioned that bar A is not a convincing break. However, that is subjective. Bar B in LT2 is also not a large bar (compared to some of the bars before it), but it works.
- For LT3 and LT5, I talked about the W shape. Here’s the perfect M shape that I’m looking for. The W shape is the vertical reflection of the M shape.
