Gross PnL: -$407.
Net PnL: -$491. $24 in borrows.
Man what a day! Before I go into what happened I want to credit myself for switching bias on ADI. I was extremely tilted and knew it... But switched bias AND waited for the correct entry. Really impressive stuff.
(1) So to start the day I was really happy with getting the "low hanging fruit", that is MBOT and CBIO. Even though borrows were expensive on them.
(2) Second I got a good long on ADI. It popped nicely and I narrowly missed my sale (but sale should have been a little lower), and it got rejected exactly where a textbook short setup would have been rejected. I tried to ditch it into a pop but ended up taking the stop.
(3) Tried ADI again, saving grace here was that I got a little sale into the pop.
(4) Still prior to 10:30 I tried to scale in again, this time I got it nicely and sold the pop into vwap. Overall I lost too much on the long side to try the third long. Could have lost a bit less on the first trades. There shouldn't have been 3 trades. Only 2.
(5) Tilted, and realising I was tilted I deliberately held disciplined. Wanted to add to ADI near low, but resisted - which I'm super happy with.
(6) Then best moment of the day switching bias AND being patient for the short entry. Absolute beauty, and definitely a sign of how I'm managing my discipline.
Finally MBOT. As mentioned one of those low hanging fruit, but is pretty hard to place stop on. It sort of got away from me. One of the only times in recent past that I haven't had stop set at entry. Then I incorrectly assessed that there was very little risk of it going over yesterdays high so I added above full size. Dumb stuff. Loss should have been around $100.
All-in-all should have been a flat to slightly negative day. MBOT was a hard stock to trade based on it's price action, but no excuse losing that much on a single trade, and breaking rules. Really disappointing after such a good day yesterday.
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