Thursday, 30 June 2016
Trading Review: 06-29-2016
Gross PnL: +$155.
After Commissions: +$70.
Bit of a weird day. Could have been quite a big day, but didn't quite trade 100%. Possibly feeling a little confident as a result of the prior days solid trading. Was up roughly $300 quite early as a result of some good (marginal) trades. Kinda knew they were marginal, so that was the signal that I should go for a walk and cool off a bit.
Ended up not hitting out of a stock (CLVS - short) that I knew that I should; even alerted in chat that I had hit it out and taken the loss. What is even worse is that it gave plenty of opportunity to get out (it didn't just go straight up). Ended up taking it off (as I regained discipline), where it should have been put back on.
This led to some more marginal trades, that were kinda fomo driven, where I forgot one of the number one rules of shorting high FS stocks - get a good price.
Think the best indicator here is the number of tickets I racked up on CLVS.
Eventually regained my patience/discipline and made some good trades into the close.
Preparation: 7/10
Patience: 5/10
Risk-Reward: 6/10
Discipline: 4/10
Flexibility: 6/10
Greed: 8/10
Over-trading: 5/10
Patience - given a 5 for obvious reasons related to CLVS. However, there were times when I did have good patience today.
Risk-Reward - Trades today weren't super good risk-reward. However, I don't believe anything risk-reward led to today being successful/unsuccessful.
Discipline - Didn't take stop, automatic low score. Additionally the period of tilting is very poor.
Flexibility - There wasn't too much that required me to be flexible today. Best part would be on VNET where I was trying to get long on the washout (and missed with zero fomo), then I picked the prices that I wanted for the short. I liked the flexibility there (because I picked the prices I liked).
Greed - This gets an amazing score because my ideas never really truly worked, but by taking profits quickly/appropriately I had a lot of profitable trades.
CLVS:
VNET:
TSRO:
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