Gross PnL: +$793.
Net PnL: +$751.
Preparation: 8/10
Patience: 6/10
Discipline: 7/10
Flexibility: 6/10
Greed: 6/10
Over-trading: 7/10
Really solid day. Some decent trend arose as expected, and managed to capitalise on them in a decent way. Definitely didn't maximise profits from the trends, but at this stage I'm still focused on consistency, so that's fine.
The lower scores on greed and patience comes from the fact that I was going full size a little too quickly, and hastily added a sale back on NUGT. Not the kind of habit I want to build.
Don't really have much to say about today, because I don't want to focus on how to hold for big trends. In the past it has been a strength of mine to hold for big trends, AND when I remove the focus from taking profits quickly to reduce my greed element, I will look to bring that element back into my trading.
VSLR - Put on a starter position, and then missed a full size position at TINY risk (2c) that I could have scalped around, to turn a decent profit on a tiny move. This could have been rinsed and repeated a couple of times throughout the day. Kind of reminds me of GRUB a little bit from Monday.
NUGT - As mentioned, I messed up when I added a sale back. This was definitely a fomo/patience/greed thing. I should have been adding it back at a favourable price OR on favourable price action (e.g. breakout after consolidation). Overall the trade should have been a scratch.
MCHP - Two different trades made. One was a marginal chase, and the other was one that I had only got back to computer for to make - and thus slopped the execution slightly.
ENDP:
MCHP:
NUGT:
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