Thursday, 23 March 2017
Trading Review: 03-22-2017
Gross PnL: +$185.
Net PnL: +$149. Borrow fees for PULM were $9.
Really really happy with the day. Never broke rules and was relatively patient for entries. Minor mistakes that will get fixed with time.
At one point in the morning I had made 5 trades; made up of 2 losses, 2 scratches, and 1 winner. On net I was quite in the green. That's pretty much exactly where I want to be. Would also add that the scratches were good scratches that I did a good job of not letting a good entry turn into a loser.
So I've finally worked out how to approach improving in trading at the moment. I do not need to worry about patience or quality of trade ideas at the moment.
No matter my monetary results - I need to string together 20 days of:
(1) Not breaking max size.
(2) Setting stop-loss immediately.
Before I even think about increasing size. All else is secondary and in most cases will follow.
Cool thing is that it only takes 2 positive days to feel confident about trading again. Even though one of them wasn't a good quality day. But don't need to worry about positive or negative days.
Another side note: Having the mental attitude of "surviving the day" i.e. not hitting max drawdown; seems to help as well.
Will likely have rest of week off. I need to pile on the Uber hours to generate some cash - running a little low. Plus need to do 16 hour day as punishment for breaking rules on Tuesday.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment