Main Account: -$354. Sort of had this coming. Haven't been managing position sizes very well the last couple of days. But I'm happy enough.
The loss on SLCA was poor trading rather than size related though. Switched bias too easily; and then chased; and then too wide stop-loss.
Positives for the day:
(1) SRPT exactly how you want it to be done. Very small while not with the trend, never added because it never gave the trend change signal.
(2) Nailed the buy on open on NVDA and made quite a lot. Was a really solid well defined risk trade.
Negatives:
(1) Too much size too quickly.
(2) Chasing (SLCA, NVDA, NFLX).
(3) In general entries were just too poor (coming from chasing but just elaborating). For example NFLX my average should have been about 40c better on 150 shares which is very significant.
To sum up the negatives. It feels like I was trying to force it a little too much. Little too much fomo etc.
Back Account: +$1298. Really really annoyed about this. This was a float rotation long play (aka my best setup), and this one went further than the one I made $18k on earlier this year. Although I absolutely crushed the 18k with size perfectly, anything under $5k is enormous underperformance (although more realistically I shouldn't be happy with anything under $10k) on this stock.
So the course of action I have taken is to develop some rules and guidelines for how to play them, and what the perfect one looks like. Then I have hung it up near computer screens. They don't come up very often but this is a play that I can easily crush with enormous size.
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