Gross PnL: +$1401.
Net PnL: +$1152. Pretty expensive on borrows again today (GBR). Pretty cheap commissions; think most of my trades were liquidity providing.
Preparation: 7/10
Patience: 6/10
Risk-Reward: 6/10
Discipline: 5/10
Flexibility: 6/10
Greed: 4/10 (was good on greed for most part, but when it played a role, it played a massive role)
Over-trading: 7/10
Still can't get out of that nasty habit of making one bad trade a day. Obviously in this case it was REN. Was a bad entry (bought below resistance). But the thing that made it really bad was that it was full size. IF it had been 1/4 or 1/5 I could have corrected it easily by scooping dips selling pops etc - so going full size straight away magnified the impact of the mistake. That's not the worst part. When I realised that I could have corrected it by scooping dips, I decided to double position on a dip (to try and flip it); but of course by this time, time had passed and it was beginning to change trend. Also took pretty nasty slippage when stopping out... Epitome of a horrible trade... Interestingly, my long entry was a great place for a short against resistance - and I knew that, so what was I doing?
Another important thing to note for the day. It started off very slow, and nearly called it a day then GBR popped up, which turned out to be a massive trade. Shows the importance of showing up for work, not forcing trades, and waiting for the opportunity.
Coming into the end of the week, will be 5/5 profitable days if positive tomorrow. Pretty important to focus on low risk entries, low risk trades, and end the week comfortably. If something shows up that is a really nice setup, obviously happy to crush it; but certainly no pressure.
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