Gross PnL: +$3853
Net PnL: +3636. $192 on borrows. SPU was expensive (but still worth the borrow!)
Preparation: 7/10
Patience: 7/10
Risk-Reward: 7/10
Discipline: 8/10
Flexibility: 7/10
Greed: 7/10
Over-trading: 7/10
Pretty solid day, similar to yesterday - some minor mistakes but nothing major. This is actually quite exciting because there's somewhat of a consistency to these solid days.
Big thing worthy of note today is that in my preparation I noted that I didn't have anything I was particularly excited about in the morning (except for SPU), so I made a mental note to avoid overtrading. I succeeded in this, but then as it transitioned to late morning/rest of day, there was some opportunity and I was complacent (lazy?), not wanting to over-trade.
SPU another great setup from my niche, that I wouldn't have been able to do in the past. I missed the opening pop on it - because I was scared of it. Probably a hindsight thing, but I feel that I shouldn't have missed it, because I only go 1/4 size on those opening pops anyway. Being fearless when only going 1/4 size is somewhat important. This would have increased profit quite substantially as I would have been able to hold size for the move easier.
Something I did really well was that I did a good job of getting full size for the continuation move. The stock was extremely weak, and getting sold heavily on pops, so I did a good job of adjusting and getting in on pops. I probably chased a fraction too low on some entries. But the thought process was good, versus just chasing.
DUST an example of a "trade2hold" unfortunately I didn't quite have desired size (due to slight execution error) so I didn't bother; but if I had kept a little bit it would have been worth it.
RIGL looks like a stubborn trade, but I'm actually quite happy with it. It was only 1/4 size, and I recognised I was wrong and avoided adding to a loser, and then looked to get out at a favourable price.
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