Main Account: -$669.
Back Account: +$4187.
Some really solid stuff and some really silly stuff today. While yesterday I felt that the positives slightly outweighed the negatives I can't say the same for today.
(1) Getting long quite a bit of size on NURO premarket. Was no reason to do that, and basically killed the day on the main account as well. It actually ended up being a pretty typical fader pattern as well!
(2) Did an incredibly good job of stopping out on OMER. I had massive size on the short and not the greatest average because I had been adding in aggressively (and didn't start in early enough), but I took the large realised loss of around $10k. Naturally as it turned out this was a great decision.
(3) Didn't start in early enough on OMER. When I am thinking of how far these pops/spikes on the open can go I'm always thinking worst case scenario! This means that I miss getting 1/4 size into the pop, which is kinda funny when you consider that the whole reason you go less than full size is to handle is as it goes against you. Accordingly I have done a playbook setup for this short.
(4) Didn't make money on the short OMER on the open. Yes I added aggressively, but should have been in from earlier and covering risk. This kind of sums up points 3 and 5.
(5) Wasn't receptive enough to the fake breakdown below $23. The immediate reclaim of $23 should have been a sign to get some size off.
(6) Did an amazing job of switching bias on OMER and getting long. Very well executed from that point of view. Only fault with the long that could possibly think of was that I could have waited a little longer to add the position.
(7) And lastly the biggest blunder of the day. EVOK... Will sum up the mistakes on it in one bullet point because there are a few. (A) Buying into resistance. (B) Not receptive enough to a fake. (C) Too much size. (D) Understanding what I needed to do (i.e. size down and potentially completely closing it, especially after I actually identified the stuff) but just not doing it. In fact I actually added after that point.
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