Pop and Drop (the ills of under-capitalization)...

Two trades today, both suffering from the restraints of under-capitalization). Both trades were very good entries, good starts, but immediate retracements after the next bar or two. Had I been able to partial out, I would have been profitable on the day. No worries, still learning and tweaking my method and the results are still small losses.

VRTX:
Bought 9:00am doji/hammer (not perfect),
80 shares @ $20.93,
target $21.50,
stop loss $ 20.70,
risk/reward 2.5 (usually low for long hammers such as these),
exit $20.90 (Below my updated stop loss of $20.95 due to my playing with limit orders. Wanted to split bid/ask, freaked, cleared entry, had to reenter ticker/shares, and loss 5c/share in the process)

Gross P/L: -$2.40, net -$4.43

BBBY:
Bought 11:20am doji/hammer (perfect),
30 shares @ $27.38,
target $27.60,
stop loss $ 27.27,
risk/reward 2.00,
exit $27.36 (right in line with rules)

Gross P/L: -$0.60, net -$2.62

So, all told today I was very consistent with my entries, a little iffy on my first exit, and stuck to my system. The stocks just did not want to follow through and grind higher over multiple bars. I want to improve my capital base or my method to allow partialing out of positions if they go profitable after entry. I could have made 0.5% of my balance today, if I had this in place. Instead I paid a little tuition and survive to see another day. I do see an influx of cash to this account in the near future.

There is always tomorrow,
Masterjaz out