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Shared by
dpaleo

 

NVAX

Sep 16, 2020 14:09


Shares traded: 400
Closed Gross P&L: $701.02

Tags:

Fade

failed new high


Execution detail:

Date/time Symbol Qty Price Position
2020-09-16 14:09:45 NVAX -100 $125.920 -100
2020-09-16 14:27:40 NVAX -1 $124.900 -101
2020-09-16 14:27:40 NVAX -99 $124.880 -200
2020-09-16 15:14:04 NVAX 3 $123.120 -197
2020-09-16 15:14:05 NVAX 11 $123.120 -186
2020-09-16 15:14:05 NVAX 5 $123.120 -181
2020-09-16 15:14:05 NVAX 5 $123.120 -176
2020-09-16 15:14:05 NVAX 5 $123.120 -171
2020-09-16 15:14:05 NVAX 5 $123.120 -166
2020-09-16 15:14:05 NVAX 1 $123.120 -165
2020-09-16 15:14:05 NVAX 10 $123.120 -155
2020-09-16 15:14:05 NVAX 5 $123.120 -150
2020-09-16 15:24:28 NVAX 5 $122.150 -145
2020-09-16 15:24:28 NVAX 5 $122.150 -140
2020-09-16 15:24:28 NVAX 28 $122.150 -112
2020-09-16 15:24:28 NVAX 12 $122.150 -100
2020-09-16 15:24:51 NVAX 50 $121.760 -50
2020-09-16 15:27:35 NVAX 50 $120.550 0


Comments

Gravatar Joel
2020-09-16 22:35:55
 

I notice your size is way down compared to prior months. What led to that? how are you going about this and why?

2020-09-17 08:11:45
 

Morning Joel, i'm sized wayyyy down right now bc i'm in the midst of a 6 week brutal draw-down that has destroyed my confidence. Sizing down, slowing down, and being very selective is how I usually get out of slumps. Sizing down is obviously important to protect capital but for me to try and re-capture good process trading. I size down so much so that the PnL (gain or loss) is so insignificant that it allows me to shift all my focus back to my process and to setups+execution. During prolonged slumps or sizable draw-downs my focus tends to sway toward every PnL tick and away from Process - sizing down significantly is a way for me to re-shift my focus.

Gravatar Joel
2020-09-17 11:48:14
 

Thanks for the reply. Makes total sense....I too struggle with tick by tick PnL when sizing. I'm doing the same today after my largest daily gaining streak, I made a bonehead move thinking I was sized small enough to start short on SNOW ipo and covered my "starter" in panic after the halt, in an almost $40 1min candle, ending up top ticking the damn thing at $319 in an instant...for my biggest single execution loss ever. That's me buying the top print for this stock probably for the year..........haha yeesh!

2020-09-17 11:55:02
 

damn. it happens tho. I bot (covered) pretty close to the CHK top bc of risk issues.

I stayed away from SNOW yesterday bc still in rehab mode and didnt need that heroin in my trading life. Normally i would be shorting the heck of it.

2020-09-17 17:10:59
 

Forgot to mention the best/biggest part about sizing down - regaining objectivity in the setup and price action. Removing emotions. This week i finally feel like i'm starting to regain some of that objectivity.

Gravatar Joel
2020-09-17 17:39:56
 

Good call. Important to gain objectivity for the RIGHT setups too... I've been finding a drastic drop in number and quality of setups for myself compared to previous months. Which led me venturing into things like SNOW ipo.

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