Gross PnL: $556.
Net PnL: +$440. I'm not 100% sure on this, doesn't seem to be an easy way to tally commissions and liquidity provision/taking, and I'm not sure if it includes the borrow fees I had for CHEK. Hopefully work out an easier way in the future.
Preparation: 7/10
Patience: 5/10
Risk-Reward: 5/10
Discipline: 6/10
Flexibility: NA
Greed: 8/10
Overtrading: 4/10
New brokerage paid off immensely today because I was able to get CHEK borrows, when I wouldn't have normally been able to.
To be completely honest I didn't trade particularly well today, for a number of reasons... BUT something I did really well was taking profits quickly. This is really the main reason a lot of the trade are slight positives. This approach also saved me a lot on SAEX where I managed to lock in a little bit of risk before the plummet - that being said (mentioned later), it could have saved me more. It also allowed me to rinse and repeat CHEK and eventually I got a low of the day cover for my short - so really happy with that.
Another thing I'm really happy with is that I took the loss on SAEX, it can be hard to take a loss when a stock plummets $5-$10 against you in a second or two... But I handled it really well.
Now for the bad... There was a lot of fomo in my trading, and therefore a lack of patience. The SAEX trade was probably somewhat motivated by fomo, along with a lot of the other ones. Even one of the really good trades (ATVI) would have been a lot better executed if I had been more patience on price (which would have been enabled by not having fomo). Over-trading also showing up here for the same reason...
The other thing that I'm not too keen on, is that I went to my designated max size quite a bit. I had intended to keep things small until I pull together some consistency, but with all the crazy things... I completely blew this away. While I managed it well, this is a completely lack of discipline and lack of bigger picture view - this type of thing led to my string of blow-ups.
One other thing I nearly forgot to note... But it is significant... Right before the big drop on SAEX it had a breakout that was sold into. Tape reading isn't really a skill of mine, so I was reluctant to trust my gut and sell my position (if it went to $100 I would have really been kicking myself). But I was right... So just as food for thought, this may be a reasonable thing to consider for the more illiquid stocks - where it's important to be out early.
ATVI:
CHEK:
EXEL:
FEYE:
SAEX:
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