Main Account: +$1538. Had some really solid ideas premarket but unfortunately I didn't get the prices I wanted and then I watched them all work out!! So that was kind of annoying, they were big moves as well! But overall pretty happy with execution etc, was patient and didn't feel the need to chase or anything.
In hindsight AMBA was a marginal trade, but kept it small so happy.
The oil trade was a horrible trade and an example of one that should have been executed via the ETFs because it wasn't high conviction, like yesterday.
Back Account: +$1991. BVXV was a virtually identical setup to all those other fade the low float massive gap. Given my smaller size I decided to try and trade it a bit more actively than I usually would. Usually I would get short, cover some and hold 1/3 until the end of the day.
Trading it actively had a couple of benefits, and some negatives. Overall, I feel like the positives far outweighed the negatives; but I think it is a case by case basis.
The positives were: (1) I was able to hold more size for more of the move, because the stop-loss was trailed more aggressively and very clear where my bias was changed. I feel like this was a big advantage when it reached the point where you "knew" it was closing near the lows because at that point you could keep the size on. (2) On net more profitable and opportunity maximised.
The negatives are: (1) Forced it a little too much instead of waiting to add back after the half cover (this is more of methodology point of view though and easily improved), (2) Most of these setups do have some wee afternoon bounce, even after you "know" they're absolutely crushed, so you don't wanna be in full position size when that happens.
And just a general comment is that it becomes more important to provide liquidity because of the increased trading activity.
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