Friday, 4 August 2017
Trading Review: 08-03-2017
Gross PnL: +$188.
Net PnL: +$120. Bit hard to work out because there is a fee in there. $40 in borrows.
Again, good trading around the DRYS swing position; unfortunately it sort of proved that the swing wasn't worth it again today.
Was looking for low $1s on the covers (on the swing), and narrowly missed my first bid. At this price the swing would have been well worth it.
Ended up covering at a somewhat unfavourable price. Think this was a little impatience, not waiting for the end of the day - bit of a gimme that it would close at the low. But even so, just never caught a huge move on the swing.
RDFN - A perfect setup, but not on my niche type stock. It is a hyped a ipo, so the behaviour is close; but the price isn't. Only took it for 100 shares; and was very cautious with where I wanted to add. Obviously completely minimised, but I am actually really happy with my caution when I expanded my horizons. Taking profit early is a form of risk management.
Am also quite happy that the setup played out as expected, and thus it was worth me venturing outside of niche to trade this one.
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