Gross PnL: +$199.
Net PnL: +$112. Had $9 in borrow fees.
Disciplined day count: 6.
Such an under-performance today. The opportunities were there but I just basically gave away free money. Kept discipline, which is the main thing of course, but everything else was pretty sloppy.
Intraday PnL volatility has increased for me the past two days. In part this is due to trading TSLA, BUT if you compare it to last Thursday where I never really drew-down; there needs to be a conscious effort made here.
At peak I was down about $280 on CYCC. Reviewing the stock now, the biggest mistake was obviously continually trying to fade it. However, looking at the chart I am comfortable with the first few trades. The mistake was after the volatility halt trying to re-initiate the trade; and I basically just gave money away. Short, stopped at high; short, stopped at high etc.
BUT looking at the stock, it was an actual prick, never even really gave a nice rollover to re-establish short. Probably don't get a harder trade than this one.
One thing that happened today I am happy about. I had a decent size position in TSLA; and decided I either needed to size down, and have a wide stop-loss OR have a tight stop-loss. In the end I opted for the tight one (which proved to be the wrong decision out of those two options). BUT at least I made a decision which controlled risk, instead of keeping the size with wide stop.
Overall more patience needed on entries. There were some great vwap opportunities and I definitely under-performed on them.
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