Gross PnL: +$12560
Net PnL: +$11724. $704 on borrows fees, so pretty expensive day!
Preparation: 9/10
Patience: 8/10
Risk-Reward: 8/10
Discipline: 8/10
Flexibility: 8/10
Greed: 7/10
Over-trading: 8/10
10:30 psychological check: 7/10. Stocks haven't given me any trouble, but am trading with size so a little bit on edge.
Pretty crazy day. Came in with a solid plan after visualising how the day would go and nailed it. Traded perfectly all morning until AAPL came along and then I impulsively jumped into it with more than max size. A disappointing break of discipline after such a good morning - still gave high scores though because I think I literally couldn't have traded the morning better.
Plan was to trade up to 6000 shares of SAEX, and then once I had $2k locked in I would up that to 10000 shares. This was well done, and one of the best things I did was being patient for the entry when I was trying to add to the position - this was arguably one of the crucial points of the day because carrying a bad average would have ruined the trade.
I probably could have covered more into each low of the day move. Would have been nice to recycle more of the position, but it's fine.
Funny thing about SAEX. Was thinking about how the stock set up in the end. I had wanted a gap up, parabolic then short for the all day fade. However, it ended up setting up in a similar, but lower risk manner. The gap up - leading to premarket fade, and then failure into premarket high is a much lower risk (and probably a higher probability fade) trade.
I thought SAEX would close around $8.50 but ended up covering all into $8.80. Incredible how accurate some of my calls for closing prices have been recently. It closed at $8.46 and ended up putting in a low at $8.3x.
A shame to have missed some nice trades on CLVS and SRPT but I was laser focused on SAEX all day.
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