Main Account: -$633. Broke max drawdown rules again today. Had a couple of full size positions going against me at once and just didn't hit them... Came to regret that as they kept going against me of course. Was lucky that the DPLO trade worked and brought some of the losses back.
I think part of the cause of the problem today was that I was taking entries with too wide stop-losses, e.g. 50c of risk on 300 shares is quite a bit, probably no need to be that large if I'm only targeting $200 for the day...
Again almost oo much hope in each trade. Did quite well off the opening trades (playing the volatility) and then as some of the shorts came up and reclaimed vwap, after the initial fallback it was the time to stop being stubborn
For tomorrow... Avoid the opening trades. I have been trading the open really well, but then failing to adjust when the trend comes in. If there are some that I really want to do, can do it with a max size of 1/2. Then after 10am, look for a couple of low defined risk trades with a solid entry. Not too worried about how much I make, just want to have a profitable day. This means either trend trades after breaking a level; or support/resistance plays. On all of them should scale in a little bit - being too jumpy isn't working for me at the moment either.
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