Gross PnL: +$2726.
Net PnL: +$2412.
Some really good trades today and some really bad trades!
Good trades:
(1) Really happy with PTCT. Definitely trade of the day. In part of my plan, I thought it would down-trend all day. But there would always be a chance it wasn't clean and would squeezeout etc. So I had covered most of my size at the lows, and then put it back on at the highs. Really good patience and no fomo.
(2) EGLE was a good trade, despite appearances of a big loss. I never added to the trade; and eventually took the stop and the proper place. If I hadn't been being squeezed on DRYS this would have only been a small loss - because I didn't add at the exact spot I wanted to (prior to stop-out); which gave a nice rinse and repeat opportunity.
(3) NUGT was a great scalp against the lows. And did a great job of recognising that it was going to go through the lows.
Bad trade: DRYS.
(1) Essentially it did what I expected. With a micro float I expected it had at least an opening rally in it.
(2) Ended up full size around prior days high. Idea was that I would be able to cover a small pull-in; and then stop above. In line with it being a micro float it blew through it. This was the spot to attempt a starter position NOT BE FULL SIZE.
(3) Didn't hit the stop for around a $3k loss. At peak was down about $11k on it. A complete joke.
(4) Would have been able to re-establish the position at a better price and easily made it all back and then some. Instead of holding and potentially blowing up.
TAKE STOPS! When I am super biased on a stock they offer a chance to get a better price later!
No comments:
Post a Comment