Gross PnL: +$8234.
Net PnL: +$7867.
5/10 psych score at 10:30. Was up $400+ but didn't take it because of greed.
Ummmm so I'm not really sure what to say about today. Such a weird day and not what I wanted at all; but I'll take it. Definitely relieves pressure.
For the most part I think I traded okay. Some pretty obvious mistakes.
Starter out the day with a nice long on BTUUQ. Simply took the breakout over previous days high - it felt like a chase but given the potential it was a good entry. Only took small and was actually up $400 very early - which was my goal and I could have easily called it a day there.
I had a few losing trades; that I feel were quite good trades; but just didn't work out.
Ultimately the big mistake was trying to size into the BTUUQ long (broke rules and got greedy). I ended up with 1800 shares near the highs (compared to the 800 I had on first trade). The only thing that stopped me from losing money on BTUUQ was that I sold it when $15 didn't break (kinda like fakeout action). So I only lost a few hundred on 1800 shares.
Then DRYS came along. I was actually watching it when it broke over $7, thinking this could potentially be a long; and certainly a hot watch for a short. But it's definitely not a short while it's trending because of the micro float. Did an amazing job of shorting each relative peak with defined risk (although I feel I would have been brutalised by having to stop out). Looking at it in hindsight it's hard to believe I made money on the short side (both times).
Ultimately today was not what I was looking for - I should have been out after being +$400 - and then maybe added $1000-$2000 to that when it showed DRYS was a niche setup. But I would also add that I didn't do enormous size on it (was contained, somewhat).
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