Tuesday, 16 January 2018
Trading Review: 01-12-2018
Gross PnL: +$946.
Net PnL: +$888.
Got unlucky on NVDA but that's all good. Got a little bit lucky covering all my BA on a hunch so balances out. Am quite happy with where I took NVDA off though.
SGRP was a big trade lining up. I borrowed the shares (2000) then wasn't aggressively enough filling them (probably far too scared against upside). Anyway then I was too aggressive where I did short, but I was pretty sure it was dead. Nearly got squeezed out, stop was the high (which means I shorted too early).
I later found out that the two spikes on SGRP were chatroom induced, so that definitely makes me feel better about: (a) Not running a tighter stop eg against vwap, (b) not anticipating that move for entry, although perhaps I should have.
It dropped to $2.00 by close, which also confirmed my conviction.
So overall, I am just unhappy I didn't save my bullets for the chatroom spikes.
WATT - Probably a poor cover, I thought it would downtrend all day.
XNET - A completely misplayed short, great short idea, but was too aggressive wanting to hold it all day, and didn't take the clean stop earlier for profit.
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