Thursday, 11 January 2018
Trading Review: 01-10-2018
Gross PnL: -$758.
Net PnL: -$845. $32 in borrows.
First decent mistake in a while, and was a little over the top sizing wise. LEDS overall was just a really sloppy trade - more below. But the recklessness adding on AMRH (second trade) and the LEDS trade was pretty poor. Deserved to take the loss on the LEDS trade.
Something I was really happy with today was my trade on BUDZ. I took it off where my pnl on trade required me to (I was comfortable adding if it went lower), rather than waiting out and hoping for my prices.
Similar goes for when I ate the loss on LEDS. Although trading pnl is bad, capital preservation is number 1.
Side note: On these scalps I need to look at the "quality of the play". For example AMRH the first scalp was great, volume, early in day etc. LEDS had bugger all volume and was just a piece of trash. I should have been much more weary, and when I identified the distribution (which I did) it should hold a lot more significance than on a better quality play.
KODK took a great stop, and was up decent prior to stop. Happy with that.
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