Gross PnL: +$392.
Net PnL: +$324. $4 in borrows today.
Disciplined day count: 15.
Incredibly good trading to finish the day. Even crazier is that I was stuck long into the IDXG offering, which cost at least $80. So could have been a super good day.
Important to realise that today isn't a break of my downtrend in PnL, even dead cats bounce. So I want to solidify today's lessons and reverse the downtrend. Especially because tomorrow is the last day of trading for the week as am moving house.
Day started off garbage like my prior days and I was actually down to max drawdown with one more open trade (GS short) and was ready to have to Uber for $1000. But thankfully the GS trade worked and gave me a breathe of fresh air.
I have included a zoomed in chart of GS which illustrates the classic mistake I made of not placing stop properly, getting stopped and then almost immediately re-establishing. So I got very lucky!
One thing that really stands out as a lesson from today, is that when I am trying to work on not getting fomo I need to place my order to get short/long and stop looking at the stock, this way I can't let my influence of reading the tape.
For example, I think a stock is a short and I am watching it close to my level of interest and the tape tells me that this is the spot. So I short. At this stage my stop-loss is questionable (because didn't quite trade the level entirely), and I have a 40%(ish) chance of getting stopped. IF I get stopped on that trade and re-enter (either where I was supposed to, or perhaps another tape read); then end up getting stopped on that trade (40% probability) I am done with the stock and can't really throw any more money at it.
Whereas if I had taken 1 trade I could still stalk the stock later for a trade.
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