The November Market Grinds Along
The November Market Grinds Along
While it may not be my worst month this year, November may end up being the choppiest month for day trading I’ve traded so far in 2020. All this month I’ve been hoping for some semblance of consistency in the market, but there just hasn’t been a sustained enthusiasm on the part of traders.
虽然这可能不是我今年表现最差的一个月,但11月份可能会成为今年以来最动荡的一个月。日内交易到目前为止,我已经在2020年进行了交易。整个月来,我一直希望市场出现一些表面上的一致性,但交易员们一直没有持续的热情。
Last week is a good example of what I’ve been struggling with, even when I’m aware that I’m struggling. I finished the week with only about $10,000. Even though I took Friday off, the four days I did trade essentially cancelled one another out.
上周是一个很好的例子,说明了我一直在苦苦挣扎,即使我意识到我在苦苦挣扎。这周结束时,我只拿到了大约10,000美元。尽管我周五休假,但我交易的四天基本上抵消了彼此的影响。
And keep in mind, I came into this week anticipating a challenge. I made a point to be less aggressive, target penny stocks that I could better manage risk in and keep my initial share size under control, which admittedly helped keep me in the black through the week, although just barely.
记住,我这周来的时候预计会有一个挑战。我说过不要那么咄咄逼人,目标细价股我可以更好地管理风险,并将我最初的股票规模保持在可控范围内,这无疑帮助我在整个星期里保持盈利,尽管只是勉强做到了这一点。
Monday kicked off with a handful of opportunistic premarket trades in Comstock Holding Companies, Inc. (NASDAQ:CHCI) as it popped onto my momentum scanner. That trade gave me some profit runway that I leveraged for an opening bell trade in Alterity Therapeutics Limited (NASDAQ:ATHE) before it topped out below $3.50 and caught me in a -$5,000 loss. Still those two stock put me in the green by about $13,000. Unfortunately, I stuck around too long and took a big loss in HighPoint Resources Corporation (NYSE:HPR) that essentially cut my profit in half.
If Monday was a case of slowly giving away profit through over-trading, Tuesday was a case of trying to dig myself out of the red after getting flushed out of Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) as the bell rang. I was able to recoup all of that loss by trading Sequential Brands Group, Inc. (NASDAQ:SQBG) but ended up giving it all back and then some in Yunhong CTI Ltd. (NASDAQ:CTIB) and a few other names, which also wiped out essentially all of the progress I made on Monday.
Going into Tuesday flat on the week, I was really looking for a grade-A setup that I could rely on for a solid win. Luckily, Phoenix Tree Holdings Limited (NYSE:DNK) provided some continuation from Tuesday and I was able to tag the stock for my biggest win of the week at about $21,000.
本周进入周二的平局,我真的在寻找一个A级的设置,我可以依靠它来赢得一场坚实的胜利。幸运的是,凤凰树控股有限公司纽约证券交易所代码:DNK)提供了一些从周二开始的延续,我能够将该股标记为本周最大涨幅约为21,000美元。
Then Thursday came and I again cut into my profits for about -$12,000. While I did manage a handful of grinding trades in Medigus Ltd. (NASDAQ:MDGS) and CBAK Energy Technology, Inc. (NASDAQ:CBAT), it all got wiped out in a failed ABCD pattern in CIIG Merger Corp. (NASDAQ:CIIC).
The point is, November is proving to still be an anxious market environment. I haven’t seen any strong breakouts to give me confidence, and I’m fairly sure other traders are noticing the same thing.
关键是,事实证明,11月份仍是一个令人焦虑的市场环境。我没有看到任何给我信心的强劲突破,我相当肯定其他交易员也注意到了同样的情况。
With the shortened trading week and the Thanksgiving holiday approaching, I don’t anticipate November ending with a surprise return of momentum. Still, I’m happy to be surprised. In any case, I’m going to try and stick with my cautious approach and hopefully finish the last few days of month with a little extra capital for the final month of the year.
随着交易周的缩短和感恩节假期的临近,我预计11月不会以意外的势头回归。尽管如此,我还是很高兴能有这样的惊喜。在任何情况下,我都会努力坚持我的谨慎态度,希望在这个月的最后几天结束时,能为一年中的最后一个月增加一点额外资本。