Today I took the biggest loss I’ve taken in YEARS on that $NBIS gap down.
For someone who is used to taking minuscule losses, it’s unpleasant and painful, but let me hit you with some real reality.
You can do everything right in the market and still lose money.
Surprises happen, news happens, and this is a function of trading the markets.
Sometimes they go your way, sometimes they go against you.
It could be very easy to come out and invent 200 reasons why you could have sold NBIS yesterday, but the truth is when sudden news hits there’s nothing you can do about it.
If you took a big hit on that stock, I’m right there with you.
It’s a long time I haven’t been caught in something like that, and today was the day.
Managed risk and blew her out minutes into the session.
Am I sitting here angry? Frustrated? Upset?
Absolutely not. The market will do what it will do. We have to accept that, taking the good and the bad along the way.
What you don’t want to do is sit here killing yourself with hindsight, Monday morning quarterbacking yourself into oblivion.
Take the loss if you had to take one, move on, and be ready for tomorrow!
Let’s go team 💪
The "it's different this time" crowd is getting louder. We're not at peak euphoria just yet, but the Kool-Aid is definitely being poured. A strong $MU report will only strengthen the belief that every dip is there to be bought. That's often how complacency sets in—right before risk management gets tossed out the window. My friend who is an amateur trader told me yesterday that he's up over 500% in $SNDK. When I asked him when and under what conditions would he sell, there was silence. I've seen this movie before, and it never ends well. But enjoy it while it's playing. The bulls are still in control.