Gross PnL: +$2590.
Net PnL: +$2413. Big day on the borrows again, $118 spent on borrows.
Preparation: 7/10
Patience: 5/10
Risk-Reward: 6/10
Discipline: 6/10
Flexibility: 8/10
Greed: 7/10
Over-trading: 6/10 (under-traded in the sense that missed some key setups that was prepared for, but over-traded TWLO)
Kind of an interesting day. I have been struggling to escape from having one bad trade a day; and today was no exception. The bad trade today was the NUGT long on the open. Was simply too large too soon, and then didn't recognise how bad the mistake I had made was. In fact, it was only when I went to take a screenshot of the pnl that I realised how much I had lost on it (I thought I had lost around $400 on it, which is still too big!). The trade should have only been a starter position, and it gave me an opportunity to ditch it at breakeven (which I would have done if I realised I was in a hole).
The other big mistake was on SKYS where I went 1/2 size counter-trend. If I had saved those bullets for where I tape-read the top to be, I would have made easily another $1000 (and risk-reward be much better). Side note on SKYS was about the perfect tape read I had. I knew I needed a pretty solid entry, so I looked for the breakout that was sold into - based on experience on this particular opening drive low float 100%+ type play that's usually the peak. Also really good to not be distracted by being down a significant amount, and accessing the situation correctly.
Did a really nice job of sticking with SKYS all day though.
Something I am feeling a little bit, is the return to the performance pressure that I was feeling last week. It is particularly important that I don't succumb to it again. So good chance to read through my reviews from last friday. I believe this showed up marginally on TWLO today, where I had poor patience on my adds, and got jumpy when it started going against me; before realising the error of my ways and reshorting.
NUGT:
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