Monday, 22 August 2016
Trading Review: 08-19-2016
Gross PnL: -$763.
Net PnL: -$922. $89 in borrow fees, despite losing day I provided liquidity for most of the day.
Preparation: 7/10 (oddly felt really prepared for the day)
Patience: 6/10 (this didn't play too much of a role in losing money today, but I did size prematurely on WINT and REN which cause the losses to be bigger than should have been)
Risk-Reward: 6/10
Discipline: 3/10 (this is where it all fell apart, not taking original stop-losses)
Flexibility: 5/10 (flexibility poor because stayed stubborn and fought to keep bad trades on)
Greed: 5/10 (greed played a bit of a role because had plenty of opportunities to take bad trades off for breakeven)
Over-trading: 6/10 (overtraded by trying to trade my way out of bad trade)
I don't even really feel like I need to go through these trades too much. Chronic amount of stubbornness fighting trades ideas that I knew weren't working.
Other note is that I was actually pretty good on patience, but added to positions a little prematurely.
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