Thursday’s Watchlist for 10.9.025

RR 38 m.f.,  Richtech Robotics  is a Las Vegas based Industrial Machinery ticker. This went mildly supernova in its infancy and has had a few nice multi 100% runs.  It is currently threatening its second red day, and I have 500 shares short from yesterday.  I will plan to add into resistance just over 7 if the opportunity presents itself.  The spikes are being met with heavy selling as this has come a long way, but it also feels a bit crowded on the short side, so playing it safe.  5.9m Shares Available

RGTI, QUBT, QBTS ?? m.f., These quantum names have been getting some hate lately.  I have had a handful of failed shorts as they tend to have a big range.  I am short some QUBT and RGTI and will be quick to add but also ready to take quick profits as these love to rebound fast.  Planning to keep a small core position as these unwind.  Also crowded on the short side, so big spikes are still expected. 1.7m & 500k  Shares Available

BMNR 1.5 m.f., BitMine Immersion Technologies Inc. is an Atlanta capital markets company.  They are heavily invested in Ethereum and I doubt it can sustain dilutive qualities to increase their crypto holdings.  That being said, it has potential to make huge moves and recently had a short report by carisdale capital.  I’ve been burned more than once shorting this, and overall I am profitable on the ticker.  I have a small long, looking for some squeeze action as crypto continues to grow.  I foolishly sold my BTC in the latest decline, so this could be a way to make some dough off the continued crypto bull market.   17m Shares Available.

OPEN 667 m.f.,  Opendoor Technologies  is a Tempe based Real Estate Services ticker. This meme ticker has been a great mover, but this feels like the backside of some strong movement.  If this goes red today I would consider a short back into resistance at r/g around 8.50.  Shorting into resistance at 9.00 could also be viable, but why short a green ticker when quantum and RR are threatening to bleed out a bit?  3.4 Shares Available

AMZN, AAPL, SPY, QQQ, DIA, MDY, IWM, The markets are flat/slight red and right at a.t.h.’s yet again.  Crypto and Quantum are down a touch.  Look like a good day to be bearish.

My biggest goal right now is to Let My Winners Run.  This has been my biggest hurdle and is very much what is stopping me from being a significantly successful trader.   I also need to cut out the “bust” cycle that has crippled my equity curve.  I have had some excellent trades then thrown all the profits away being overly aggressive on b.s. plays.   

I have been bad about having a watchlist and plans before my recent trades.  I intend to change that as building these watchlists/recaps is very much part of the process/discipline necessary to constantly evolve and succeed in the speculation world. We are in an amazing environment right now and there has never been more opportunity to score runs as well as hit Homers! Alexander Elder said it best with this quote.  “If you let the market make you feel high or low, you will lose money”  With that in mind I will do my best to follow my plans and not let Elation, Fear, or Greed influence my decisions. 

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