Net PnL: +$945.
Really really happy with day. Very few mistakes made; and met my sub-goal of "lasting the distance". Today this meant I held off making impulsive trades on the open; which ironically would have worked today (still not right thing to do).
Something significant that happened today was the dump on PNAT. I have been eyeing this trade for multiple weeks; and it finally dumped. I "knew" today was dump day, so I spent a fair bit of time thinking about how to size it; and visualising the setup. I initially thought I would do 5k shares. Then I thought; no that's too much given my current position (if I have to stop it will be a $1k loss - which I would struggle to absorb financially at the moment). Then I thought; okay I'll do 2k shares - again I eventually reasoned that there was no reason to be greedy and settled on 1k shares. Ultimately this was a risk of around $100-$200 which I am quite happy with; given it's an A++ setup.
Something else I'm super happy about on PNAT was that it had a nasty gap down, which somewhat ruined the setup. I exercised good patience by initiating a half position and adding when it broke lower again. I could have exercised more patience though! But overall I felt that I was lacking fomo and this helped me execute.
In a year or two this will be a $7k trade. But not before!
Although PNAT is obviously trade of the day purely based on magnitude. I feel that IDXG was an amazing trade. Covered risk quickly, patient on rest. Entry was good and patient - only after I knew it was toast did I enter.
Mistakes:
(1) Still felt that my size was too high on every trade.
(2) ETRM was done poorly. I didn't really have a 100% stop plan. You can see from the size of the upmove, versus where I covered. And how much I made that I was also oversized. The correct approach would have been to be smaller with wider stop.
(3) Should have been covering PNAT into down-moves; then holding 1/4 or something. You can see that I would have been struggling emotionally on each bounce.
(4) CBDS poor idea, perhaps generated by boredom(?).
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