$SPCX from the morning session
• Constructive Daily Base beneath IPO Demand
• 30m falling wedge - Intraday trigger + Macro Structural Thesis = Conviction
Liquidity grabbed off the session open
Reclaimed PDL, perfectly pivoting off the 9-day & 9-week EMAs
Now breaking out of the 30m wedge & supply.
TEXTBOOK
In all seriousness, if you have a vision in trading, execute it behind the scenes.
Not even the people closest to you need to know.
This field exposes the worst in people.
It’s crowded with miserable, arrogant, envious mindsets. Pocket watchers.
A lot of them genuinely prey on other people’s downfall. This career demands a sharp mind and that constant negativity becomes one of the biggest drivers of failure.
Even when they’re completely wrong, they double down in denial and reach for another insult to protect their ego. And they have a whole lot in their arsenal.
Thirty seconds of research would settle most of it, but slander is easier than effort.
It costs nothing to celebrate someone else’s success.
Crab bucket mentality all around
Been doing a whole lotta nothing
Risk tolerance has been 0.25% Equity for almost two months & unfortunately being a tad greedy overall.
Following a plan meant for a trending environment is considered greedy in a choppy market. Vice versa is considered fearful.
Even if the setup looks ridiculously good & fits all my criteria, I personally need to improve on taking profits off the table. When risk is not being rewarded , trim 25%+ when feasible rather than my typical surgical increments.
Overall, I been awarded for doing nothing.
“One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up.
I do nothing in the meantime” - Jim Rogers
Took $OSCR here on 32.42 break
High tight flag on the daily
Tested the 9 + retested the weekly breakout spot
30m falling wedge
10% size / -0.20% Equity Stop Loss
Health is strong but wouldn’t be surprised for some sideways given prior news.