Tuesday, 20 March 2018
Trading Review: 03-19-2018
Gross PnL: -$440.
Net PnL: -$524.
Not a real bad day back. Something was really clear today, my lack of self control to not take the last RKDA trade needs to be fixed - it's essentially that emotional(?) trade type that's holding me back.
Had a great morning, was up roughly $800 off some really solid trades on these three names. Then decided that was a lot for first day back, and took rest of day off but stayed at computer watching. So I didn't take multiple trades that set up, in particular a few which ended up having monster trends and would have been 3-5R+.
Then RKDA had an offering at $33, and I began to work in (impatiently) on pops. Thing is, the size of the loss on that trade is somewhat expected (and I was always thinking about how to work it out, so am happy enough the loss management I wanted to implement (once in the trade). It's that the trade was poor in the first place which is the problem. Why did I want to take that one so badly (a bad trade at that), and was happy to avoid all the prior ones. Basically a lack of self control, when I see "action".
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