Gross PnL: -$1880.
Net PnL: -$2089.
Preparation: 7/10
Patience: 6/10
Risk-Reward: 6/10
Discipline: 6/10 (reaction to CYCC news could have been instant)
Flexibility: 6/10
Greed: 5/10 (still trying to push thing too hard - get up to max size too quickly, and try hold for big moves too much)
Over-trading: 5/10 (sign of over-trading is over reacting to minor moves in my favour)
Was heavily long CYCC with about $1000 locked in, and 300ish unrealised, then Adam F put out a bash piece, so pretty significant drawdown off that - which was unavoidable. Biggest mistake of the day was not hitting out my long trade THE MOMENT the news came out. The stock didn't really react instantly so I paused and then it got crushed.
Made other mistakes though, but they weren't as significant as that. Had a wrong read on CYCC for the short. REN loss was too big, not tight enough risk on trade - okay with the idea though. REN I was buying strength too much, instead of dips. RLJE I sized in too much on dip.
Minor mistake for the day was that I was somewhat scared buying blind dips - too focused on controlling risk.
As a very general guide, trying too hard to size into trades for a big trade - rather than grinding it out, making small trades here and there until a really ideal setup comes up. For example: CYCC long was a good setup, but not as good as my short the over-extended gap setup.
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