Wednesday, 22 June 2016

Trading Review: 06-21-2016






Gross PnL: +$139.

After Commissions: +$92.

Was a short day for me because I felt myself getting tilted from being extremely tired. Have been struggling to get back into proper sleep routine. Definitely could have executed on the ideas I had a lot better though.

Preparation: 6/10
Patience: 5/10
Risk-Reward: 6/10
Discipline: 8/10
Flexibility: 7/10
Greed: 7/10
Over-trading: 5/10

Had some pretty solid trades ideas, and one played out to perfection (CSAL) but didn't fully capitalise on it. Was somewhat conscious of not making the same mistake as I didn't with LPTN yesterday, but at the same time CSAL was working the whole time, so no reason to close position. Was a little bit ansy to get the DUST position on, and it could be argued that I closed the CSAL position to put the DUST one on, which is something I don't want to get in the habit of doing - it generates fomo/lack of patience etc.

Don't think the DUST trade is worth going through. Was a great idea, but didn't pan out, and executed with fomo.

CSAL: Priced a secondary at $26.01, an amazing long setup once it started trending. I was initially short (risk-reward wasn't quite good enough on short), then switched long, was stopped once, and then re-entered. In general my trades here reek of impatience. The short not having a good enough entry, the early long (which was obviously early), and even the successful long was entered early. That being said, I was super disciplined on keeping risk tight.

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