Trades 26/05/15

ARGH made this day so much tougher than it should have been. Two good plays out the gate that I minimised, otherwise could have called it a day. Otherwise, overstayed my welcome on some shorts and understayed on some of the longs ... really minimised what could have a been a nice 30 minutes day, instead had to grind and grind on less than perfect setups

Tomorrow I'll try to avoid premarket trading (before 9am) as it really hasnt been working for me past few weeks

--- Update - skip to the paragraph in bold if you've read this earlier this morning

Trades: 

$ISR one of those irrational chases, way above vwap, cut it for -15c

$CERU bought at the pre highs and lost 20c ... ouch

$PBMD great trade, wish i had more conviction (size)

$AVEO short, good covers and good re-short

$PBIB pretty illiquid 

$ONTY was long in pre, then shorted the morning weakness and covered into a big pop for a big loss


$ONTY re-longed on strength thinking it will run today, made back most of the losses from earlier

$RENN gave it enough time to work, and ended up covering even

$AVEO tried again with vwap risk; no go.

$RENN re-tried under vwap, bad entry, cut it above vwap

$AVEO with prior high risk - cut it for even, it was going nowhere

$ONTY tried some long and cut it for 2c, then short, small position, worked better

$ONTY again, was short biased until .30 gave in; very upset with myself on this trade, fell into this .30 stuffing like a newb; shoulda stayed short biased as i was initially; went from being even on it on the day to a loss again

$MDR small trade

$ANTM was too busy with another position so missed my cover, and went chase long to recover most of losses; ended with some more upward momentum but i was in the wrong mindset

$VBLT chase, but went with intuition that it was going higher;  hitting 7.50s now, so indeed it was heading higher ... facepalm

$AVEO

$ATNM what a complete and utter imbecile, I said I was done for the day. Done for the day should mean exactly that. Not "just one more trade for the road". 
So I longed $ATNM. And I was so over-confident that I started playing my guitar while occasionally monitoring the position, I was so sure it was going my way. Well, it didn't. In a big way. And I added. Until I was down $1k on the position, twice what I made today. 
I then did something that could have made it exponentially worse. Instead of closing my position, I revenge traded it short. And a big position too (5k). 
Really broke every rule in the book. The entry wasn't good, the position size was way too large. 
And perhaps luckily, perhaps unluckily, the trade eventually went my way and I made back my losses.
The trading gods were kind to me today. Revenge trades never work. Poor entry trades rarely work. Emotional trades rarely work. I'm posting this as I hope myself and others will never do this again. I was lucky this time. And this is the first and only time I got lucky. I do not want to be in this position again that (as an atheist) I have to pray for the position to go my way.
So I got rewarded for being stupid today. Feels good not to be down $1k on that position, but feels bad breaking most books in my rulebook. 

$VBLT gave back earlier gains by going larger size than i should have, to make up for $ATNM loss. I was up $300 on it at one point but that wasnt enough to make up for the $1k loss on $ATNM so I didnt take it, instead took a loss on it

$CBLI popped on scanner - took the quick gains there

P&L: