Gross PnL: +$585.
Net PnL: +$302.
Preparation: 8/10
Patience: 8/10
Risk-Reward: 6/10
Discipline: 7/10
Flexibility: 8/10
Greed: 6/10
Over-trading: 8/10
8/10 psych score at 10:30. Notes: Very controlled with risk in mind. Perhaps a little greedy.
Frustrating day. Was well on track to have an approximately $1000 day but then RLJE was on CNBC. Some slight under-performance across the board by being too afraid to jump in front of things - but overall happy with outcome which was a good grinder day.
CTRV - At the peak was down around $900-$1000 on this. I was prepared to add short all the way to $3. It was the classic scenario of not adding short into the first push; thus not getting some good covers on the resulting pull - eventuating in a higher risk trade as holding the original trade continued to drawdown.
Eventual adds weren't the greatest either, as a result of being too scared to short strength - think I got somewhat lucky that the idea worked out.
Correct execution I would have made approximately $300-$800 and drawdown would have been around $600 (which still isn't great, but is better).
HAS - This was a pretty well executed idea, especially given how early I started shorting. Again marginal under-performance crept in. This time by not reshorting a pop immediately after I got my cover. Stop-loss was clear, and risk was really well defined - no reason not to - it gave an immediate rinse and repeat.
Think if I had caught this "rinse and repeat" I may have been more willing to stick with the idea back to vwap which worked out quite well eventually.
OMER - Unfortunate miss on the short side. Think when I eventually shorted I potentially should have been more aggressive - just as food for thought.
RLJE - The spike off CNBC looks like an obvious spot to reshort - however with a 2m float going on CNBC that's too dangerous.
Unfortunately I only got 2000 shares out of 6000 shares covered at the lows; so pretty unlucky with that CNBC shenanigans.
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