At least scalped back some of my losses.
Feel better now ๐ .
June 2:
$PENGU Long: -$2,460
$BSB Long: -$1,300
$LAB Short: +$1,140
$LAB Short: +$160
$LAB Short: +$100
$LAB Short: +$35
Total for day: -$2,325
June 3:
$LAB Short: +$480
$LAB Short: +$95
$LAB Short: +$95
$LAB Short: +$130
$LAB Short: +$15
$LAB Short: +$310
Total for day: +$1,125
Total PNL: -$18,330
INSTEAD.
Take loss on two trades
June 2:
$PENGU Long: -$2,460
$BSB Long: -$1,300
Total for day: -$3,760
Total for week May 25 - May 31: -$4,545
Total PNL -$20,895
Right back to square one.
I am livid.
Quick +$480 short scalp on $LAB to start the morning.
Waiting for entry back around $16.
Playing with 500 shares. Low risk as I sense the $18-$24 range has high sell pressure, lots of bag holders within that range.
I feel $16 is good risk for a short.
Update on my day/week:
May 25:
$BSB Long: -$70
$ESPORTS Long: +$150
$SUI Long: +$105
$BSB Long: +$80
$BSB Long: +$40
$BSB Long: +$50
Total for day: +$355
May 26:
$SUI Long: +$35
$ESPORTS Long: -$415
$LAB Short: -$160
Total for day: -$540
May 29:
$LAB Short: +$30
$LAB Short: -$155
$LAB Short: -$145
Total for day: -$270
May 31:
$LAB Short: -$155
$LAB Short: -$175
Total for day: -$330
June 2:
$PENGU Long: -$2,460
$BSB Long: -$1,300
$LAB Short: +$1,140
$LAB Short: +$160
$LAB Short: +$100
$LAB Short: +$35
Total for day: -$2,325
Total for week May 25 - May 31: -$3,145
Total: -$19,455
As you can see, $LAB was bad, I kept trying to catch the top and short it, but I was disciplined enough to have SL set and took small losses.
I realized losses on $Pengu and $BSB but cleared up room for margin and started taking risk on $Lab, end up scalping back $1,435.
I feel good, and I am actively looking for an entry around $16 and shorting $Lab.
- ๐งฒ
INSTEAD.
Take loss on two trades
June 2:
$PENGU Long: -$2,460
$BSB Long: -$1,300
Total for day: -$3,760
Total for week May 25 - May 31: -$4,545
Total PNL -$20,895
Right back to square one.
I am livid.
Iโm in short here on $Lab, too many losers between $18-$25. Lots of resistance and selling on the way back.
I already scalped +1,300 back of my losses
Letโs go
INSTEAD.
Take loss on two trades
June 2:
$PENGU Long: -$2,460
$BSB Long: -$1,300
Total for day: -$3,760
Total for week May 25 - May 31: -$4,545
Total PNL -$20,895
Right back to square one.
I am livid.
Update on my current situation (which is kind of brutal):
$BSB - 4,000 with entry of $0.58, down -$1,300
$SUI - 10,000 with entry of $1.01, down -$1,750
$XRP - 10,000 with entry of $1.37, down -$1,300
$PENGU - 800,000 with entry of $0.01, down - $2,100
When will the bleeding stop?
Now Iโm in a real what I believe to be a disaster.
Holding:
$BSB - 4,000 with entry of $0.58, down -$850
$SUI - 10,000 with entry of $1.01, down -$850
$XRP - 10,000 with entry of $1.37, down -$1,000
$PENGU - 800,000 with entry of $0.01, down - $1,600
Shouldโve stuck to scalping instead of swings.
Letโs see what happens.
Unrealized of course.