Wednesday, 29 March 2017

Trading Review: 03-28-2017


















Gross PnL: +$28

Net PnL:  -$40. (Was $13 in borrow fees).

Another disciplined day. Disciplined day count 3. Although today was very marginal. In particular the PSIX long premarket when there was no volume (and therefore impossible to set stop).
Additionally some of my stops were really really wide. The only reason I'm considering this a disciplined day is because I did hit the stops as required.

Really struggled with fomo on entry today. This caused poor entries, wide stops, and stop-outs where they wouldn't have otherwise occurred, and therefore over-trading to some extent. An observation is that starter positions (like I used to) are a result of fomo, and not getting a good enough entry. However they help reduce fomo. But put simply if you don't have the patience to wait for a good entry you shouldn't be trading.
My levels of fomo are definitely related to the amount of opportunity - which is a pain, because to capitalise on opportunity you really need no fomo.

To be clear fixing fomo is not my goal at the moment but today was bad enough that it warrants caution.

Another issue today was swinging for the fences - had I locked in CBIO I could have reshorted, day would have been a lot less stressful.





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