Sifting thru the daily trading reviews from yesterday it was clear that many traded VVUS. Here in Capetown training former elite athletes and now traders I work to make one point. See your trades as patterns. Trade the set up and then accept the result. Trading is not about being right. It is about controlling your risk. And finding patterns where your risk/reward for you is exceptional.

Match Play winner Hunter Mahan teaches us the importance of this mindset for elite performers (traders):

“If I wanted to be the player that I felt like I could be, I was going to have to change,” Mahan said after capturing the WGC-Accenture Match Play in a 2 and 1 win over Rory McIlroy. “I had to take it easy on myself, not try basically not try so hard.
“I didn’t want to have my identity stuck with my golf score. They needed to be separated, and I needed to play golf because I enjoyed it and accept the result and move on and not get attached to it.”

One of our SMB Traders sent a “proper” (as we say in South Africa) review of his VVUS trading. He summarized his trading precisely with this thinking……….

I traded 22 tickets on VVUS and there were about 7 distinct trades I made
1) pre-market scalp
2) open drive at 23
3) fade the ticks to buy a pullback during an open drive, move from 23.80 down to 23.30
4) buying into a pullback after 10am, after it puts a top at 24.83
5) intraday resistance breakout at 23.50
6) one last try for the big move to the long side: taking a feeler and scalping the range from 24.40-24.80
7) getting short when the range fails and confirms a lower high for the afternoon sell-off

Perhaps thinking of your trading like this will help your trading.

Bella
One Good Trade

no relevant trading positions