Context
No more cash, slightly on margin. No major macro changes. I believe the market was overly scared yesterday and I expect it will get back up during the week. SELL orders are set for VOO, MSFT, illiquid microcap, etc. Price alerts too, so nothing else to do for now. Will check the markets mid-day, but that’s it.
Plan
15:38
Decided to adjust $VOO from 526 to 525.6 (0.5% gain), not to be greedy. Lesson learned yday.
16:05
Decided to further adjust $VOO on concerns that it may not rise as much as I planned today and didn’t want to again say “I should have sold at 0.3% gain”. Position I entered yday is now closed:
18:38
Considered buying $VYM and $VOO, but I don’t see an opportunity. I’ve adjusted price alerts up.
I’m also tempted to lower my $SMTI SELL orders, but there hasn’t been volume today yet, be patient. 4%/day is good enough.
Execution
VOO
Exited yesterday’s position at 0.3%, as planned.
Illiquid microcap
Exited 5/8’s of yesterday’s position at 5.83%. I don’t know how long this will last, but I will keep at it until then.
Observations
Working well
- Focus on what works until I have more time for trading.
Do Differently
- Every time I sell at 0.3%, the stock is likely to go a bit higher. Backtest spreading out the sell orders at 0.3% to 0.3+x%.