Gross PnL: -$172.
Net PnL: -$266. $23 in borrows.
Disciplined day count: 14.
This downward trend in my trading is so fucking frustrating. What am I doing different to when I first came back!!!
Simply put, I need to be okay to miss the trade. And therefore wait for the optimal entry. It also means I don't immediately try the same idea again just because I think I got faked out. It also means I'm comfortable with taking profits early because I'm comfortable potentially not maximising the profit on the move.
5 losing trades on CBLI simply isn't good enough. Could have easily been 2 losing trades.
NVDA 4 losing trades there.
Yeah sure I am keeping things tight, but that's not enough. Needs to be combined with great entry and a solid idea.
Interesting observation is that the one stock that I didn't hastily re-enter (AAOI) was the one that I was truly faked out on. However, if you look it did provide the optimal entry again (about 5 minutes later). This is the type of thing where it is okay to re-enter.
On net I am down about 2 good days profit, which is easily recoverable. However I am one bad day away from having the haul my ass Ubering to topup account. So really need to be careful and keep things tight. A profitable day very important at this stage.
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