Tuesday, 21 March 2017

Trading Review: 03-21-2017
















Gross PnL: +$125.

Net PnL: +$207 (borrow fees were $9.00 for VSR). Don't quite understand how this happens - will need to check through statement at some point today.

Really happy with the morning. Some minor/basic issues which will iron themselves out as I become less rusty and get my flow back. If I traded like I did this morning I would be earning a full time income as a trader.
Just to be clear it was nowhere near perfect and I wouldn't be happy to trade that way everyday. But by being disciplined and patient would have good days which would make up for mistakes. A bad trade executed with discipline is only a 1R loss.

However, it seems like VSR exhausted me in some sense. I missed a half cover by 1c, then raised it, missed by 1c; then raised it and it traded at my cover price with no fill. Then I was stopped out at the high.
At this stage I was roughly $30 and thought okay I'll try put on a cheeky trade bring it back into slight positive range. I know this is stupid so no idea why I did it. Halfway through it I was like "don't be a cunt" and started trying to ease out of it.
So I put on a slightly oversized ESPR short and a moderately oversized PULM long. Worse case scenario I would have lost about $500 which is wayyyy above max drawdown. Simply not good enough and not the habits I am trying to create.
All this being said, I am aware that I need to ease into it; and it will be difficult at the start. This is why I am keeping things on a super tight lease.

As a result of the lack of discipline I will not trade on Thursday and will do a 16 hour/$250+ day Ubering. As a nice twist I actually need the cash-flow anyway so a convenient time for me to do the punishment.






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