Summary Week Ended Friday 18th January 2013

11 stock trades:

5 AAL - 771.32 BPS

1 BLT + 24.18 BPS

3 STAN - 88.49 BPS

2 XTA - 199.24 BPS

Stocks net – 1034.87 BPS

All long trades.

No index trades.

Thoughts

This week was pretty much a disaster, due to my holding two long trades overnight on AAL, which gapped down on Thursday morning. My position was actually in profit at the close on Wednesday.

This meant that my stop was exceeded, and I took a much bigger loss (three times as big) as I had planned.

As they say, shit happens.

I know I can recover from this setback, but it has knocked my confidence for six.

I traded 2 days.

Stay disciplined.

Stay focussed.