Net PnL: +$120.
9/10 Psych score at 10:30. Notes: Such good flow today! Only fault is that I didn't size down on GLBS to limit risk when I was uncomfortable with potential range.
Really really good day prior to experiencing some decent drawdown on ETRM, GLBS, and DRYS. Was some misplays on how I managed my winners there.
Also broke max size rule on DRYS when it had that weird squeeze. Not sure what I was thinking - think I was tilted from the mistakes.
Side note: Fully expected DRYS to go back to the lows, but due to breaking rules I decided I had to cover and end day.
So what happened today?
(1) Some great initial shorts. Really nice patience on them for entry.
(2) Right balance between covering half and holding (at least to start with). This is especially emphasised by my cover at the lows on DRYS where I thought it would trade lower all day, but covered anyway.
(3) Good job on having stops in initially.
(4) Biggest mistake early was adding from 1/4 size to 1/2 size on GLBS. The add was too early.
(5) Should have covered half GLBS into the lows. Was too focused on waiting to add to short below $9.20.
(6) I didn't set a stop on DRYS when I left the house. WTF was I thinking? "Oh I'm so far in the money it doesn't matter". Very dumb. If I had stopped above vwap I could have safely attacked it in the spot where I ended up going over max size.
(7) Shorted into DRYS pop without a hard stop, and over max size.
Side note GLBS: The personality of this stock absolutely requires covering into favourable moves because stop needs to be wide because of danger of a squeeze-out (which caught me).
Completely unexpected, but trade of the day is UVXY. I risked $15, didn't really expect it to work; and it never looked in trouble. Prior to UVXY trade I was up about $200 on the day, and then as it turns out I would have only just been positive on the day without UVXY due to other mistakes, so kinda nice.
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