Gross PnL: -$790.
Net PnL: -$931.
Preparation:
Patience:
Willingness to Take Stops: 8/10
Discipline:
Flexibility:
Greed:
Over-trading:
Bit of a frustrating day. Was up quite a bit at multiple points in the day; and one of my better ideas (long AMMJ) that I wanted to hold all day managed to shake me out before going up substantially more. Same problem as on GRVY trying to hold too much size for the bigger move. Definitely wouldn't have been shaken out if I was trying to hold 1/4.
Was up roughly $700 at one point on my longs and shorts on GRVY is the other reason it was frustrating. Definitely some greed slipping in there, and overlooking the 560k float (on the short). The actual trades themselves were fine - with good entries and stopped where I needed to... but was definitely one of those cases where I ruined the trade by trying to keep size on it. 1/4 and it would be a completely different story.
A good reminder that what made me consistent was taking profits quickly - because there was easily enough action (and clean enough action) today for me to bank a grinder $1k day.
One of the things today is that it felt like I was just a tad uncertain about what I should be doing. In part this comes down to playing around with hard stops on every trade (which didn't work). But it's also just a confidence thing - as a result I will need to make sure I take profits quickly and lock in a grinder day tomorrow (Tuesday).
There was a trade on OTC that I missed (couldn't figure out how to route it) that would have brought me to slightly positive on the day. But it's kinda a whatever type thing, because smaller mistakes added up and deserved to have a losing day.
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