Gross PnL: -$252.
Net PnL: -$339. $15 in borrow fees.
Disciplined day count: 11.
Something is wrong, and it's difficult to put a finger on exactly what it is. Today I had some really good entries, and then missed taking profit on multiple trades. I wasn't being greedy with profit targets, but at the same time they were 2-3R targets.
Multiple times I was up decent only to end up getting stopped out:
TSLA: I had 3 longs for a total loss of $240, because I had a great entry on each I was up around $1 for a little bit on each long.
I then had a short where I narrowly missed my cover and went on to get stopped out.
NVDA: Narrowly missed cover for $100ish, went on to get stopped.
UAL: Narrowly missed cover for around 1.5R. Went on to get stopped out.
Now usually I would be happy to put this down to bad luck, but there is a definitive trend in my pnl that indicates something is clearly wrong; AND I know from experience that a trick to consistency is to take profits quickly.
This is made possible by focusing on getting an entry with edge obtained by getting a good patient entry (which is something I did really well today) and then just taking profit.
But yeah, very frustrating and if I have another losing day I will be forced to slow down a little and completely re-assess.
Worth noting that to some extent the issue is my sizes aren't comparable. Minimum size on TSLA is 100 shares and min size on TNXP is 100 shares. Yet I would consider TNXP winner to be a monster trade. But it's not the only problem.
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