Trading Review: 10-30-2017

Gross PnL: +$136.

Net PnL: +$117.

Sort of a weird day, didn't see a whole lot of opportunity; and am quite happy with how I traded. There was some serious order mixups where I kept typing 55 instead of 56 (resulting in the long LEN trade).
Day definitely could have been very profitable, I feel like I got a little unlucky on the MRK trade, and if I had revisited the LEN short (around) it would add another $200ish. There were also some trades that I had lined up that I missed entry on, which would have been very nice.
At a win-rate of 50% for the day, it is nice to come away with a cleanly profitable day (not counting LEN long). That's the power of risk-reward.

Side note: Still can't make up my mind on the ACHC long into support. Given the consistency of the trend I probably should have picked at least half up sub $31. Also the low was $30.76, where the level was $30.90. Should I have been stopped there??? Am probably okay with it, for the sake of keeping it tight.

Trading Review: 10-25-2017

Gross PnL: +$700.

Net PnL: +$623. $17 in borrow fees.

Really happy with the day, to bring is 2x max drawdown is really good; and a great way to end the week (at the moment not trading Thurs/Fri).

Although it looks like a massive win rate. Was 6/9 win-rate. So it really all came down to keeping losers small.

Got a bit sloppy today. Need to monitor this.
(1) Entry on ACHC long on the open used a bit more intuition than usual and I messed up the entry (and knew it immediately). 20c better would have been much better risk-reward characteristics.
(2) CMG was just completely slop. I had only planned to trade it if I saw a really nice setup (which the second one was). Because the ATR was too big for me. So shorting when it made new lows wasn't the play.

Trading Review: 10-24-2015

Gross PnL: +$365.

Net PnL: +$305. $33 in borrows.

Left roughly $150-$300 on the table on HMNY/PTIE which is absolutely insane! Covered up positions because I had things to do for the day.
Really happy with my execution on PTIE. It was the most discretion/real-time decision making I've had to do since changing how I plan out trades, so am really happy.

CAT probably the one mistake of the day, didn't really keep things tight on it; and as a result had a losing trade where it should have been slightly profitable (on net) (or smaller loss).

RCON wrong bias, turned out to be a textbook short against pm high. Am completely okay with that though as a well planned trade and didn't work out. Usually I probably would have caught the short on a bias switch (and got that secondary pop), but was relatively overwhelmed with trying to plan trades and execute.

Today had quite a bit of difficulty in getting in on the real clean trends, the ones that hold a trend-line instead of popping to vwap. HMNY mainly, which would have been an absolute monster if I had a chance to re-execute the trade again; but also some others that I didn't trade but had right bias. Nothing really to comment here, but worth keeping an eye on this.

Trading Review: 10-23-2017

Gross PnL: +$200.

Net PnL: +$185.

Very happy with the day. With new planning process of a trade it becomes extremely obvious what errors were for the day, where I got lucky; and where I had the right idea.

Got a little bit unlucky today, where I had two profitable trades only fill half (HAS and PETS). Also narrowly missed a long on DBVT, where the idea worked to perfection.

Was a bit of over-trading today; and I definitely had a little bit of fomo on AIMT. Finally got lucky with QURE where it went straight in my favour.

May add USD risk to my planning phase, just to ensure that I don't oversight on risk. Definitely don't want to lose more than that on a trade, and want to make sure I have two entries on certain setups.

Trading Review: 10-17-2017

Gross PnL: +$378.

Net PnL: +$345. $9 in borrows.

Had planned to be back trading Monday, but been crook all week. Had one day where I was awake and felt really good, so traded. Be back next week like normal.

Know exactly what I need to do, so in a really good spot. Absolutely convinced if I keep up changes I will be a CPT within a month.
When I first started trading (first year) I planned trades meticulously, and slowly slacked on this as I gained more "skill/intuition". And this was fine for the most part, except that it made it more difficult to be patient for entry, and retain discipline on stops.
This also meant that when I stuck to my niche setups I was more likely to succeed, but the reality is I can succeed on any stock when it's properly planned.

So back to basics essentially. And I can say it paid off today for sure, plus helped identify some inefficiencies with my orders.

No detailed plan, no trade.