Day-Trading: +$177.
VRX - Trade of the day, and the funny thing is that I wasn't even paying attention to it. Someone called it out on twitter, and I thought "oh yeah that looks good and took it lol"
TSLA - Had the wrong bias in general. In hindsight it's an obvious buy the rumour sell the news. I was thrown off for two reasons: (1) The chart looks quite bullish, (2) The pre-orders were bigger than expected. Hindsight the pre-prders would be taken into account with the size of the gap. Seems pretty obvious in hindsight now. Offered some decent spots to short, even if waited for morning action to be done... Was just too long biased.
TERP - Really good short into parabolic. Could have got a better entry. Solid covers, not being greedy as it was holding the upmove.
NUGT - As per the trading diary, I traded this really well. Implemented a complicated stop plan with solid discipline. Would have been a nice flip, but I'm okay with missing it. Unlike TSLA, where switching bias was the right decision, in this case it wouldn't have necessarily been the right decision (despite big move and consistency of trend).
MDVN - Got long into support and it blew right though to the next level. Didn't add (seemed too weak), caught complete reversal with my tiny starter lol
GNCA - Was big opportunity on this today. Similar to TSLA had wrong bias and didn't really flip it.
Swing Trades: +$246.
GBSN - looks like it is done and probably heading back to zero. One or two more days and this will be confirmed and I can start looking for adds. Borrows shouldn't be a problem at that point. Unfortunately I couldn't day-trade the position at all today because I had no shorts, but there was a nice pop that I could have shorted.
RJETQ - Really solid covers near the lows. Ultimately decided not to be greedy, which paid off.
MNKD/AVXL - Both didn't move, just slight movements in the option chain.
SUNE - Did a super good job of hedging it throughout the day given it's the first time I've attempted to trade like that, and given that it was over/under the exercise price all day. I am still comfortable with my decision to close the day unhedged. Although given the price action around 3pm I could have maybe taken 1000 shares as a hedge.
So anyway with the bankruptcy announcement after hours I am going to be down about $500ish (maybe a little more) on the open Monday. I will also day-trade it on the long side, and then ultimately look to swing it on the long side later in the week.
So to sum up: I will cut my losses, but only on a rally, with a liquidity providing exit, that is an exit into a rally, an exit with an edge. I expect that in the coming weeks SUNE will reclaim 50c (if only briefly) as it becomes SUNEQ. All options and hedging taken into account I'm long from roughly 40c, which isn't too bad when you consider literally the worst case scenario has occurred.
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