Gross PnL: -$247.
Net PnL: -$266. Borrow fees for STDY were $3.
Disciplined day count: 5.
First max drawdown day (excluding that unfortunate day). Which is a shame, but it is what it is. It did stop me from taking the TSLA long in the afternoon around vwap though, which would have paid out handsomely.
So today I kept things tight, took stop losses, and was disciplined. I'm happy with that.
Today what really let me down was not getting the perfect entries, and therefore being stopped.
If you look at the charts, pretty much all my ideas worked and/or didn't take profit on them. Today is exactly the kind of day I probably would have made decent money if I was trading with starter positions etc; however I am moving away from that style.
As I know, my entry is a function of support/resistance, trend, stop-loss, and bias. Bias should be the least important. However, on a day like today my bias created fomo (although I don't feel it was too strong today); and in turn created less than perfect entries.
To be clear, even if my bias is wrong I can still make money if I trade off support/resistance - which is what I need to focus on.
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