Gross PnL: -$311.
Net PnL: -$382. Was $11 in borrow fees.
Disciplined day count: 7.
Happy to be clocking up the disciplined day count. I was very tempted not to take the stop on the AMZN long (which was a dumb trade anyway) - I would have been severely punished for not taking it. So the discipline is working out!
However, today was about as bad as it can get while still being disciplined. Below is the morning PnL. Where I had traded pretty well overall (1 trade I shouldn't have taken which was -100 on AMZN and one trade slightly mismanaged).
To be clear though, the mistakes in the afternoon were psychological, not anything to do with setup.
So what happened? I was in that nasty spot where I was shorting AMZN and it would pop up, wick me out, then go lower. So re-establish the position, then get wicked out again. Then I decided it was holding trend and went long lol...
Summary is that there was nothing wrong with trade idea, simply needed a better entry so I could have a proper stop-loss. Pretty classic mistake for me.
However that's two over-trading mistakes in two days... So I really gotta reel it in! Tomorrow focus on trade, nail a couple of patient ones (entry wise) then have a nap and/or go Uber drive.
No comments:
Post a Comment