Net PnL: +$3504. 4/5 positive days, with one big negative day.
Biggest lesson for the week is how much the new brokerage is paying off. Having the borrows when I need them has been amazingly good. Important to note that there will be a point when this gets tested as a stock goes from $1 to $20 - and discipline to avoid it on the short side will come in.
The other biggest lesson is about what to do when I hit a couple of home run type days, and how to avoid performance pressure. The idea here is to focus on getting good prices instead of adding to winners. In terms of priorities for my results: avoiding blow-up > consistency > home runs. Therefore managing losers > getting good entry prices > adding to winners is the resulting order of important processes. Another important thing to consider is locking in profits quickly, and the realisation that home runs come naturally over time.
The past 6 trading days have served as a big confidence booster, which is good because I was beginning to doubt the journey. Based on the results, there is zero doubt that I can do it. So avoiding a blow-up is number one priority, followed closely by avoiding ending my streak of consistency. In the past when I have had a consistent run, I have ruined it by developing bad habits. Ultimately the goal for the coming weeks and months is to continue a trend of consistency, and break through levels in my consistency that I haven't reached before. Again, consistency > home runs.
A productive week, some important lessons learned and reminded of.
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