Gross PnL: +$3928.
Net PnL: +$3759.
Preparation: 7/10
Patience: 8/10
Risk-Reward: 7/10
Discipline: 8/10
Flexibility: 8/10
Greed: 9/10
Over-trading: 8/10
A note on the flexibility score. Although I'm not happy that I didn't flip SRPT long there were some amazing moments of flexibility (CRBP and EVBG).
Pretty monster day that came from a really solid mindset. Was grinding really well on some good trades that were (roughly speaking) working out. Then news came out on SRPT and I attacked it with the proper mindset. There was an enormous amount left on the table overall, but really happy to come away with what I did. Had a holy shit moment when I looked at my pnl because I never really pushed size and was looking to crush it. Was only after I had covered my short and looked that I realised how much I had made.
Aside from SRPT trade of the day goes to CRBP. It wasn't a big winner, nor did it really work out that well. What I am really happy with, is how I didn't get greedy covering down size (especially when above vwap); and how I fought with it the exact right amount. If I hadn't covered down from full size (which I only got filled because I wasn't greedy), then I would have been forced to stop early. I was fully prepared to take the stop if it triggered; and then adjusted my expectations when it became obvious the trade wasn't working exactly as it should (post 10:30am still above vwap). I believe this is due to refining my methodology.
AERI another good one where I had the stop in, ready to stop-out, narrowly missed and then it worked out. Sold a little early on that one - but didn't have much size in the first place, otherwise I would have sold 1/3 or something.
EVBG great flexibility getting long after really nice short trade. Probably could have been marginally more aggressive on the long (size wise).
WATT never really got size and didn't short on pops to vwap after it was confirmed. This was probably the big miss of the day.
SRPT. Crushed the short after gap up. Was shorting, taking half off, taking other half off, then reshorting into pops. Covered it all into vwap, then reshorted it below vwap. Really happy with this because it's the perfect example of a volatile stock where it has move2move trades. Am pretty annoyed that I didn't flip long, mainly because it offered plenty of opportunity to get long. Although I was too biased when I covered the rest of my short, there was plenty of opportunity to join long as a trend trade - which would have been another monster!
All that being said, I was trying to take it easy - so perhaps feeling a little guilty after the fact.
Overall, would describe today as "trading in the zone". Great stuff!
No comments:
Post a Comment