Gross PnL: +$4348.
Net PnL: +$4211. $111 in borrows.
Very cool day.
Was a little scary as I was prepared to risk $500-$700 on the initial trade (shorting 1000 shares into opening pop on CANN). But the situation was one of those ones where maximising it was the biggest problem.
The idea was already in play, shorting the shit out of CANN (and BUDZ but no borrows) the moment it went red. Then the AG news came out, which in the bigger scheme of things is pretty insignificant, but still spooked the market causing that massive gap down.
Then there was a moment where I could literally see the trade - tried to add 1000 shares on the low of day break, but only filled for 300.
I am really happy with the day for a couple of reasons:
(1) Mentality was pretty good, covered position in the right place and got the nice balance between conviction and not being greedy.
(2) Discipline/Flexibility of mindset. When I first covered the last half of short and flipped long I listened to the stock and cut it perfectly. Could have been quite nasty without cutting it there.
One thing I am a little annoyed about is: Was talking to Peter about how the long opportunity on the bounce was probably just as good an opportunity as the short, but that I would never be able to completely nail it.
I was all out of it sub vwap (didn't even last until vwap), and I fully expected a temporary push through vwap. Even accidentally flipped short at vwap (just an extra order sitting out there).
Overall pretty important to realise that it was a unique opportunity to push it, and I won't be pushing it like this pretty much ever.
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