Gross PnL: +$1837.
Net PnL: $1601. $179 in borrows.
A consistent trend across my "conviction trades" is that I mess up the execution of them. Today was no different. It was a step in the right direction (got the size right, and a tiny part of trade placement right). But overall I seem to over-react to shorter term price movement, and fail to have patience for entry (I guess because I want to be in the trade).
Not only does this ruin the risk-reward of the trade, it reduces the profitability. Next time I have a high conviction idea I need to view the chart of my mistakes here vs my plan and try and make an incremental improvement.
NFLX, omg I tried the long twice and had intended to hold a small portion of trade all day. Sick idea, shouldn't have been stopped the second time around - guess the poor execution from ZSN carried over.
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