Wednesday, 6 July 2016
Trading Review: 07-05-2016
Gross PnL: +$48.
After Commissions: +$33.
Super quiet day, just the scalp on VBLT. Entry was a bit of a shame, could have been a $100 scalp; but at the time I was pretty happy with it. I spent a lot of time trying to get a better fill and failed, so that's one reason for being happy enough. After the small move against my trade I adjusted my expectations appropriately as well.
Only comment about the trade is that if I was going to do a micro chase lower I probably should have been trying harder to get a fill on the open.
There was a monster trade today that I missed, the kinda of stuff that makes the daily grind worthwhile. I tried to get long BGI at $1.70(ish), narrowly missed fill which is fine. I expected it to have a monster volatility halt type move - and then turn into a monster short opportunity. I had shorts on it as it rallied past $2; then the halt came and it gapped to $5, and the shorts were gone :( oh well it happens.
One thing I'm quite happy about is that I didn't chase the long trade, I could have made a better effort to get long, but my concern for chasing WAS justified (despite looking at the price action after).
Also really happy that I didn't short it prior to the halt, which is something that would have been tempting in the past.
Preparation: 7/10
Patience: 6/10
Risk-Reward: 5/10
Discipline: 8/10
Flexibility: 7/10
Greed: 9/10
Over-trading: 9/10
VBLT:
BGI:
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