Tuesday, 2 May 2017
Trading Review: 05-01-2017
Gross PnL: -$311.
Net PnL: -$324.
Didn't quite execute correctly on new plan of attack. This is obviously expected. However, it's a real shame because this slipped me down below the PDT rule; so need to topup account. Will be about a week off for this.
Mistakes:
(1) Ended up with a loss over $100 on each ITCI trade. One was about $150, and one was $125ish. Mistake was in not setting hard stoploss with entry; and brings back memories as to why it's a little more difficult to have a hard stop when piecing in.
Something to work on, but am confident can reign this under control.
(2) Went full size where I still wanted a move higher (ITCI). This was definitely just being rusty. Stop goes in tight once at full size.
(3) Finally, not reducing size around breakeven after a decent move against me. I got this right with AAPL, but not with ITCI where I was holding for my favoured target.
Overall, pretty classic mistakes from this style. Felt very natural/comfortable, and can see that this is the way forward for me.
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