Agendas for the weekend:
1. Go over my trades for the week, see if I overtraded, took any setups that weren’t there etc.
2. Learn about preserving mental capital.
3. Quickly step away from the charts for the reset of the weekend.
Couple of tiny papercuts today:
Tried $mstr short , $crm long (stopped out 0.1% account risk).
Positions into weekend:
$cat short from $800
$spcx short from $162
$pbf short from $84.5
Trying very hard to keep the equity curve flat. So far so good, but we’re not out of the woods yet. The $USO breakout isn’t pretty and the sell off can continue. Keep your stops tight and please don’t try to nail the bottom.
@ohiain That was me in 2020-21. Boy did I print and thought I was a genius (special kid/ gifted etc, you name it) and didn't need process, and did it all blow up in my face in March 2022.
But now, process before everything.
@1ChartMaster Picked up $MU yesterday at the 8 week MA support when buyers showed up, stop lod. Guess where I got the idea from… you sir.
Sitting pretty in $Dell, $Pltr, $Hpe, and now $Mu.
Tough market but thats where the real learning occurs.
@LeifSoreide The lock up period is expiring on $SPCX and a lot of new supply hitting the market every couple of weeks from now until December. Would you give that a consideration. I know there is Elon premium and SPCX is special but still. Interested in hearing your opinion Leif.
@1ChartMaster Thank you for introducing me to this. Been incorporating more of this into my trading. After an explosive day like Friday, do you wait few days before putting on new risk, or if your setup presents, you’re entering regardless?
@1ChartMaster Amazing work sir. I was watching $SNDK and $DELL. As they found support at the lows, saw that sndk was showing RS vs Dell and dell was struggling to make a push, so I went with $SNDK and missed this move. Did I micro-manage the setup? What made you pick this over $SNDK today?