Thursday, 13 August 2015
Trading Review: 08-12-2015
PnL Main Account: +$150. The DYNT trade was impulsive and oversized. A little bit of recklessness creeping in from the monster win in back account.
Also should have been short size on AQXP instead of 150 shares. It was definitely an A++ trade. Will look to short size on it again tomorrow if it sets up.
3 positive days this week. Aside from a really solid AQXP setup want to be very very selective and get another positive day!
Back Account: +$16100. Developed two high conviction plays and executed size on them. Was a little early on both, not so much on CERE though (got the size on once back side confirmed), but I never should have been shorting it as early as I did in the premarket. One mistake on CERE that I made was covering the remaining 1/2 or 1/3 early. The play there is to hold some until the end of the day, so missed about 50c on 3000-6000 shares simply because I decided I was up a tonne and wanted to cover. That's not really the way to maximise an edge!
EBIO was just poorly executed, should have been chase size where I got short, and then there was a crystal clear spot to load up the size and of course I was already in. This was an overconfidence thing and easily could have gone wrong. Plus of course I would have made more...
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