Gross PnL: +$282.
After Commissions: Approximately +$232.
Really nice day in terms of grinding. Had some good trade ideas, but focused on execution and was patient for entry with no fomo. Definitely didn't go for the home run, although VBLT would have turned out nice if I had held all day. At this stage that's not something I want to do with my limited buying power though.
Preparation: 6/10
Patience: 7/10
Risk-Reward: 6/10
Discipline: 8/10
Flexibility: 7/10
Greed: 8/10
Over-trading: 7/10
FCX: Was a good loss, but entry wasn't as patience as it should have been. Was the old "confirmation not as good as getting good prices dilemna". I can guarantee I wouldn't have been faked out if I had been patience for a better entry. Really happy with trade thesis, risk-reward and discipline on this trade.
VBLT: Got two trades out of this. First was on the open. Second was a bounce to vwap zone combined with a level. I am super happy with the second trade. First trade was a little so-so.
Reason I am not so happy with the first trade is that I should have been shorting the strength. I had quite a strong bias, but wanted to combine it a defined risk-reward trade (which I guess it was with a stop against the highs). But the problem is that the level to work with on daily was $4.70-$4.75. I had somewhat mis-identified the level as $5.00 in the premarket.
Second trade is literally to perfection... I cannot fault the second trade. Wasn't even afraid to short it lower than my original exit of my short.
Given my low account size, this second trade is literally my bread and butter right now. Very consistent and low risk.
TWLO: This trade was really good for patience. I had originally wanted to take the flag breakout midday, but it didn't give me the entry I required. I felt the fomo, but I didn't act on it, and really happy about it.
The second trade was just long on a retest. In the end I just sold it on first pop. I like the lack of greed in this trade, and flexibility. I kinda decided the trade wasn't worth it half way through and adjusted accordingly.
I probably could have had a better entry, given how weak it was when I decided to bid, but can't nit-pick too much.
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