Gross PnL: +$1785.
Net PnL: +$1320.
Preparation:
Patience:
Risk-Reward:
Discipline:
Flexibility:
Greed:
Over-trading:
7/10 psych score at 10:30. Notes: Good initial mindset. Greed creeping in. Have template to trade off, but confidence lacking.
So pretty weird day. I think I traded pretty well overall - but some smaller mistakes cost me a decent amount of profit.
At the peak I was up $7000, started thinking about the possibility of a 10k day... and then drew-down to where I ended the day. Part of the problem was that my "template" was off - OTCs panic out and bounce quite nicely (which I am not super familiar with). But also greed played a factor, by not being super picky with entries; and getting fomo for next leg day. Realistically I probably should have drew-down about $3000 from peak perhaps.
Side note: I tried to cover CBDS at the bottom; but was too slow on tape read and missed getting any fills - this also would have made a big difference. A good reminder that you have to be two steps ahead of the tape on OTCs, not just one like listed stocks.
Cool thing is that I likely get another go at it because they all recovered nicely! Should be more OTC action in the coming days. Other cool thing is that I didn't exceed max size, yet nearly had a 5k+ day.
TCCO - probably a bit of a miss; coulda shoulda woulda held some all day.
No comments:
Post a Comment