Gross PnL: +$395.
Net PnL: +$327. $36 in borrows. Large cost in borrows is due to me preemptively borrowing 400 shares of MYO despite only using 200.
Big takeaway from today is that MYO's range was far too big for me. While I was prepared to execute on my plan - if it had been a losing trade it would have stung. Secondly; MYO is slightly outside of my niche, in price and in float rotation. Would happily have traded a float rotation stock if it was this price. Point being, would have been prepared to trade it if it was a DRYS that was in the $10-$20 range, but because it was a more "real" company I was probably better off avoiding it.
Overall though really happy with another day of sticking to my core strategy. Consistency is really showing with 3 profitable days and every trade profitable (although today MBRX nearly wasn't). See no reason not to keep this up for at least a month; and even size up before spreading to other strategies.
One comment about today. I was slightly under-prepared for market open. Need to make sure I have my windows all up to date with what I plan to trade etc. Because I find it "easier" to pay attention to a fewer number of stocks I definitely have a tendency to slack on my preparation; which isn't good enough.
Side note: Got the move I expected on MYO, but as mentioned I realised it was outside of where I wanted to be, and traded pretty spotty... So happy to have missed it.
No comments:
Post a Comment