Gross PnL: -$93.
Net PnL: -$243. $99 in borrows, which includes 3 days of DRYS.
Made a mistake today that I haven't made in a while. CBMX was a merger and I wasn't aware of it. Pretty interesting that I read it on the tape (something not quite right here) and went looking for it. So quite happy with my mindset there, not being too biased.
SKLN, great trade; had a strong bias and let it play out.
Finally DRYS which I took overnight. Overall am quite happy with the trade. Did a great job of covering the washes (narrowly missed a couple, but it happens). Given where I started shorting it, did a great job. In particular waiting for each new high to short.
Finally come to the final decision of the day, to increase size on DRYS and take it for a swing. I am still uncertain on this; but think it is a very good opportunity. So sort of mixed.
I will say this though... When I increased the size, I stopped covering the washes because at this stage I had decided to take it overnight. Hindsight; this does not mean I can't cover up to 1/2 on a wash and put it back on at a better price; or even not put it back on, who cares.
Point is, day-trading to get a swing position is a great way to reduce risk.
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