Trading Monthly Recap: February 2024 $205,936.20
- Best and worst trades
- Leaving money on the table in a forgiving market
- Past personal experience paying for present returns
Enjoy!
https://t.co/djfpiIZuo9
Yup $HOLO is now a quadruple from my premarket video https://t.co/rekohSAbFg which EVERYONE should watch...thank you again short sellers for your extreme narrow-mindedness, please NEVER change! 🙏🙏🙏🙏🙏
Year 1: Losing money the whole year.
Year 5: My most consistent year yet.
Here're the 4 key mindset shifts that transformed my profitability:
(I stole them from a millionaire trader.)
If you learned nothing in 2021 on $DWAC here's a reminder:
No it doesn't have to make sense
Yes it CAN keep going
No it doesn't "have" to pull back
Yes it can be WAY thinner than you think
After the big upticks come bigger upticks
Best to be $1-2 LATE than $5-10-20 too early.
Respect the trend (ie: $38.50 clear key soak) etc.
I knew I had to give $AUVI a try once it had the look. Bought 5k shares in at 2.91. Sitting limit got instantly filled at 4.34 as soon as it resumed for a 49% roi winner. Finishing the day +$16,569 overall. Have a good weekend 🍻
Bought 7500 shares of $RMCO at 1.85. Woke up this morning and what's the first ticker on the % gain list?... my swing - great feeling. Sold it at 3.85 for 108% gain or +$15,000. Whew, finally a trade worth highlighting. It's really on fire now nearing $5/share. 🔥🍻💰💥
Trading can be your best friend, or it can be your worst enemy
Like @TheOneLanceB says - Its not enough to identify the problem... you need to include SOLUTIONS on how to fix it
Today I came in with a heavy bias on $CCCC. With the weak pre market action (on low volume) I was convinced there would be a profit taking day today
Instead of listening to the elevated volume coming into the stock at open I added to a loser way too quickly
What I did right:
- Stopping out over previous days HOD
- Re shorting STARTERS with set risk after $6.30s push and reclaim with a HOD stop and add if $5.80 broke (which it didnt)
-Walking away from the stock because I felt too emotional
What I did wrong:
-Trusting low volume pre market price action instead of waiting for more signals
-Too aggressive too early
-Just because its day 3 does not mean it has to tank!
-Easy to borrow + High institutional ownership = easy to trap. Need to respect this more
Solutions:
- Respect the price action AFTER the open more than pre market low volume
-Save aggression for a death candle and failed bounce, not when the stock is breaking through resistance levels like butter
-Size down on ETB stocks until it becomes forgotten by the masses
-3 Strikes rule
-Remind myself its okay to be a dollar or two LATE than early
-Ignore it until a potential FIRST RED DAY SETUP or until there is clear resistance to create supply on the stock
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I think everyone is two years away from achieving anything they want in life
If you are a broke trader, then you have two years to flip your mindset, habits, techniques, and priorities
If you compound enough of those decisions then you will very quickly have a six figure income
It’s sad when people don’t understand they’ll never have much freedom, let alone ever get rich, working hourly jobs…YOU NEED TO INVEST TIME, MONEY & ENERGY INTO YOUR STUDIES OR YOU WILL MISS OUT ON LIFE & BE VERY BITTER, COMPLAINING ABOUT THE WORLD WHEN ITS YOUR OWN DAMN FAULT!