Wednesday, 22 November 2017
Trading Review: 11-22-2017
Gross PnL: +$481.
Net PnL: +$415. $34 in borrows.
Got done what I needed to get done today. Was extremely disciplined, and on the discipline side of things I completely nailed it.
Stayed around for a little longer than I had intended to, because my first three trades were losers; but never was at risk of more than max drawdown and always completely in control.
Today really illustrated the power of good risk-reward trades. The sequence of events today was:
(1) 0/3 from first 3 trades. Somewhat unlucky on a risk cover on one. Watched one work to beyond my imagination (EKSO) after getting wicked out.
(2) 0/4 with one breakeven trade.
(3) 1/5, but the winner was only a partial fill (CRM).
(4) 2/6 with a winner on DE which literally earned back all the profits from the stops.
Along came LMFA, which was the opportunity of the day - excluding the nice EKSO short I was wicked out of. Originally I actually put a tiny long on it, just to ensure I was patient with my short entry.
Didn't really work because the distribution was heavy, and eventually a fake bid ran it all the way up to retest the high. Shorted too early, and net RR was barely better than 1:1. So kinda annoyed about this. Difficult trade to execute on.
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