Gross PnL: -$172.
After Commissions: -$214.
Pretty rough day in general. I had some great ideas going into the day, and they all worked to some extent, and there was some opportunity for a home run trade as well. However, I was super picky/patient on the open and missed the entries. I was also a little slow on the trigger once my prices were reached. I would borderline say that I had a bit of hesitation putting trades on trying to be too patient. Am really not worried about this though, because this is the general direction I am trying to send my trading (to be more hesitant than spontaneous), so it's okay to have a day or two like this.
This created some level of tilt, and therefore I wasn't as picky on my other trades. TERP and MGT both should have had entries that were roughly 5-10c better. Not a big deal, but it adds up. In the case of TERP my entry should have been a little over 10c better, which completely changes the trade. MGT would have been about 3-5c better. Doesn't completely change the trade, but would have made the loss more negligible.
This kind of scenario (being too picky on the open and not picky enough during the day) is a sign of over-trading but it isn't something that creeps into my trading very much, although I see A LOT of other people talking about the bad trades they make during the lull. Also can clearly be seen that I didn't make too many tickets today.
Preparation: 7/10
Patience: 8/10
Risk-Reward: 5/10
Discipline: 8/10
Flexibility: 6/10
Greed: N/A (never got a chance to be greedy today)
Over-trading: 6/10
Patience - rating this high because I believe that although I was probably too patient, I'm not worried about it. Very general guide be less patience on the open, and more patient midday, and I got the wrong balance.
Risk-reward - entries that weren't perfect sort of made the risk-reward not quite as good.
Discipline - excellent discipline, cut them all off when I should have.
Flexibility - Flexibility was never really tested today. However, I would say that ESPR dynamic changed after the first test of the level that I had originally planned to short against, and I didn't really recognise it.
ESPR:
MGT:
TERP:
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