Gross PnL: +$1096.
Net PnL: +$1035.
Pretty interesting day. A lot to learn from it as I have been bagged on dumps (BSPM) quite a bit recently (feels recent but am having trouble hunting out when it was - job for the weekend - it was LTBR on Monday but there were a few other ones in the last month).
Either way I need to dig deep into my play of buying washouts on big percentage gainers. At one point I had given back my $1000 (and a little more).
Interesting day, stubbornness crept in a little bit on ABBV; but overall a very well managed trade (eg being comfortable scaling into new highs, with close stop in case strong b/o). It closed the day at ~123ish; so a great change in bias (essentially a stopout for profit). Kind of funny to think did pretty well on it, despite shorting a strong uptrend. Again, similar mistake as with BSPM; was just a tad too big.
LMFA. Took a good stop on the long, was actually up a little but sized in; and took the good stop. Had shorts that I had pre-borrowed and tried to scale into pops, but only got 2/5s.
A big problem I am noticing is that I am beginning to try and anticipate things (probably as a grow in confidence). This is a problem, because a big part of my edge (particularly on todays style trades); is getting the good entry, and managing size (eg sizing down into favourable push).
LMFA long with stop at the lows probably an example (it hadn't done anything to show long). But the better example is the short add on ABBV on the new high just before 10am. The correct spot to get that entry was on the first push; then sizing down into the immediate retracement.
Seems like a very minor detail, but it was this that caused me to nearly take the stop on it; when clearly the (short term) top was close.
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