Monday, 12 October 2015

Trading Review: 10-12-2015









PnL: -$408. Pretty frustrating day, but felt marginally better than other days this month - so a slight improvement.
Have been struggling somewhat with performance pressure recently; while initially that resulted in sizing in too quickly, I think I managed to avoid that somewhat today, but was still right on the edge of my seat ready to be tilted for no reason. This occurred in LLY where I nailed the original push short (and was up quite decently), then added back on strength again and was stopped (for a net slight loss), but then for whatever reason chased it long (with slightly more size than I had on the short) and took a chunky loss on that of about $1 per share. Important to realise that there was a "potential" setup, (although not my kind of setup anway) but that wasn't the long that I took.

As a result was plenty of opportunity that I missed today after a relative tunnel vision moment. Will archive a tonne of setups. I think part of the way through the performance pressure is by reviewing trades, and how they should have been traded to increase clarity.

Another thing today illustrated was that you don't really need size on a trade to make out decently, it's more about trading it correctly. The best examples today were WYNN (which I only had 150 shares at max, and obviously took some of them off pretty quick as well), and CANF where I was trading 2000 shares but somewhat misplayed it (had I played it correctly I could have still swung the 1500 shares but have >$200 locked in.

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