Context

Uncertainty about the macro situation.

Plan

(None)

Execution

VLE.TO

Exited trade I entered on Sep 23 for a small profit (2.70% after fees) on an outside-of-trading hours LMT order.

I have a long position that is large enough, and I prefer to de-risk.

MU

Sold part of the position from earlier this week at a 0.40% loss given the good economic news. I did follow SMB Capital’s recommendations to not trade until after 10-10:30 am, so great job with that, but then I entered a trade, made an error setting stop loss and immediately sold, then entered a second time when it was higher thinking I was following an uptrend, then it hit my stop loss, and I decided that it was enough losses for the day and stop.

pasted-image-20241006120408.webp

Illiquid microcap

Continued selling longer positions at a profit (4-5% net). I still see evidence of range-boundedness and my core position is already uncomfortably large, so this is also de-risking. pasted-image-20241006121021.webp

VOO

Entered a trade but I hit my stop loss soon and stopped because I didn’t have a plan for the day, I was feeling a bit emotionally unstable (looking at my $FDX and $MSFT positions far from having recovered) and I thought the macro environment was going to improve so better take the day off.. pasted-image-20241006121229.webp

Observations

Working well

  • Follow my process: use stop losses, and don’t trade without a plan.
  • Benefit from illiquid high conviction microcaps while I can.

Do Differently

  • Follow my process more thoroughly: I shouldn’t have entered $VOO or $MU trades without any plan.