Gross PnL: +$235.
Net PnL: +$151. $29 in borrows.
Tough day with some tough reads. That being said, I probably over adjusted to small(ish) movements - seeing as my methodology suggests I shouldn't trade around vwap until after 10:30. Took a couple of stops, which I probably could have taken faster, but overall pretty good.
Unfortunately today after the SIEB short trade was entered I had to go to bed, so I had a stop in; and I only put a cover in for 100 shares (in case it wicked me out with stop, then left me holding the bag). When I got up again it was just after I had covered the first 100 shares, and I was up roughly $900 on the position. I immediately placed an order to cover above the current best bid - then went back to bed.
Assumed it was an easy fill (eventually), and woke up to a vwap reclaim.
I was bidding to cover on a wash from about $10 upwards, eventually getting filled at breakeven of $10.71.
I am not proud at all of my add into the strength late day, as this breaks one of the more important rules... But at least I had the sense not to fight it.
Random other comment of the day is that the washout from the volatility halt on SIEB literally bounced off vwap for a massive move to high of day again. Am annoyed I wasn't more aggressive on this, and also annoyed I didn't have bids in around vwap.
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