Wednesday, 9 November 2016

Trading Review: 11-08-2016

















Gross PnL: -$3232.

Net PnL: -$3739.

I took CANN overnight. Eerily similar to when I took BTUUQ overnight (not the setup) because I have "hope" that it will work. Will need to cut it off quickly tomorrow if it doesn't go red within first 45 min.

Terrible day overall, ranges were massive and although I expected that to some extent it just didn't go well. Opportunity was there, but day was ruined in first few minutes.
In general I was unprepared to stop. This was exaggerated by the super quick moves. Had I taken stops quickly I would probably have been able to dig myself out of the hole. In particular this shows on HTZ, where my stops look okay in width - but they weren't because that was big moves.

Also had tilted trades where I entered full size immediately.

MOMO: When making my premarket plan: $27 was my dream price for an opening wash. Moved sooo quickly next thing I knew it was low $26s. Should have hit it there for a loss of around $1000.

VRX: Shoulda stuck with my long idea... But again was just too aggressive and too wide. I initially had anticipated a squeezeout, but when it got back to the lows it seemed like that had happened. Not picky enough with price, and then too slow on stop. Lost about an extra $500 here. Additionally first short entry would have been a great long spot with stop against low.

HTZ: Stops far too wide (it doesn't look like it cause range was massive). Additionally very poor initial trade shorting at the lows. A pretty tilted trade here overall, should have been around $1000 loss on net.

CVS: This wasn't too bad, just didn't hit it when it breached. Still lost about an extra few hundred.






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