Gross PnL: +$584.
Net PnL: +$280.
Preparation:
Patience:
Risk-Reward:
Discipline:
Flexibility:
Greed:
Over-trading:
At 10:30 gave myself a 7/10 psych score. With note: Hasn't been the easiest trading day but have hit a good stop on size, and doing okay, so happy enough.
I also made a note around midday after I took a decent loss on the COUP long, then flipped it to a bad entry on the short: Ended up tilted after taking big loss and compounded it by taking bad entry on short. Don't want to leave here as can see the opportunity, but recognise the tilt so got to slow down.
Ultimately I didn't deserve to be profitable today. The two trades on COUP were pretty bad. The long was marginal (just straight to max size and then didn't cut it immediately), but the short was atrocious.
Kinda funny in a way because I would have been very happy with a 1k day vs a $280 day. Still happy to be profitable though. Whenever I can salvage something from a day that is a complete fuck-up it preserves mental capital, and (hopefully) allows me a bit more learning period.
One of best trades of the day was NUGT. I was sized in (2000 shares long) and only lost $286 when it didn't work. That's pretty amazing risk-reward, and also quite happy that I did cut the loss short.
GNK trade of the day from a profitability perspective... but I got lucky. You can see each time it makes a new high it fakes out, so I had planned to stop above the $8.05 fakeout, then when it got above the spread widened out and I could see obvious selling. Had I taken the stop it would have been roughly a $2k loss on net - so I got lucky.
One thing want to note about it. It became obvious that the stock needed a fakeout. I was carrying not the best average, and added slightly prematurely. Had I got good entry on adds/most of entries it would have been an amazing trade.
Unfortunately covered all GNK into first wash. I expected another wash lower, but wanted to lock in profitable day.
No comments:
Post a Comment