Adding to a losing position is like being a kid who's been burned on a hot stove once already but puts his hand back on the stove just to prove it was the stove that was wrong.
The losing trader is trying to make money back in the same market and on the same position. Eckhardt described it as a "Market Vendetta".
The Turtle's core axioms
1) "Do you let emotions fluctuate with the up and down of you capital."
2) "Be consistent and not even-tempered."
3) "Judge yourself not by the outcome, but by your process."
4) "Know what you are going to do when the market for what it is going to do."
5) "Every now and then the impossible can and will happen."
6) "Know each day what your plan and your contingencies are for the next day."
7) "What can I win and what can I lose? What are the probabilities of either happening?"
Elon controls
Twitter - Freedom of speech
Tesla - Transportation
Space X - Internet & Space
Neuralink - Brain Control
This is all great because Elon would never make a decision against humanity.
What happens after 100 years when someone else controls it though? Will they have the same intentions?
$CBRS, long - a bit of inside range action, still no proper take-off
$DSY, long - random long on increasing volume
$HOOD, long - not breaking the $90 yet
a bit of chase today, no good trades
$PAVS, long - should've been slightly wider, was totally chasing the $INHD hype from yesterday and was too tight :// ffs
$CBRS, long - stopped
$VERU, long - same here, shouldve been wider at least it didn't go up another 800% like PAVS
$IONQ, short - was late and it seems like this still is not a short
$APP, short - same here just sideways
$KSS, long - still breakout worthy on the daily, keeping on watch
$ASTS, long - much easier to long something that's already going up π this is bs
$AXTI, long - expected some kind of bounce
$HOOD, long - was taking too long to do something and I lost patience, consider re-entry when there's some strength in the coming days
$CRWV, long - was early first but then nailed the long