Today was a bad day for me, I lost ~85$ for some of you such amount isn't that bad and I agree, let's take an entire year of personal money transactions, within that time frame ~85$ is really nothing.

My goal is to double my account size, I don't care how long it will take but if this is my goal the only possible way of achieving this is avoid dumb trades, $CNIT was a dumb trade most of you will agree if you read it on my trades wall.

 

The title of this blog post promises a detailed analysis of $SPWH. I had a weekend position on $SPWH 4.4173x370 position which gave me two days to really re-search that stock.

On Saturday I decided my position was to risky and I lost confidence of it spiking. I know I know.. even after this watch list of mine (and what I thought of doing pre-market) I had confidence it will spike after Tim said on his alert he is expecting a spike 

 

here is why I believed it won't spike, here is a 3Y/1D chart:

 

It was an earnings winner, yet 10/12 of those times the day after stock performance sucked, I will zoom in into the red boxes:

 

On the left of the white box - reaction to earnings

on the right of the white box - day after

 

As you can see, statistically this stock sucks to hold over night because even if there are any gains, they aren't that high.

+ Markets at multi days low AND there is a lot of resistance in 4.55ish, in fact this is why I took profits on my previous $SPWH trade at that level, I took profits at 4.54 because I believed 4.60ish won't break (it got as high as 4.80).

 

For previous detailed analysis on $SPWH check this blog post of mine

Pre-market action looked weak before open

 

Now pre-market action wasn't available for me on Saturday (obviously lol), today pre-market I was greedy, I saw that I was unrealized 30$ gains and I really wanted another 110$ win :/ so I ignored it and put my confidence in Tim's trade, but when I saw he averaged down and the stock was below my risk level of 4.40 I just took the lose..

 

As Tim says in his video lessons, it's important to look at past performance to get a feeling of what a stock does, here's a great example $SKLN

 

 

What sucks about being greedy and putting your confidence in a guru is that if you win - you practice VERY BAD habits, if you lose - you look to recover that lose on a different stock

 

and oh god what a bad trade I had on $CNIT I don't want to write about it any more than I already did on my posted trade. Sheesh so angry, bad day for me.

 

Luckily, tomorrow and in 2 days I will be able to trade because of work schedule, after that it's only until next Monday, so tonight after I analyze my 8 trades so far I will form a plan for tomorrow, and I will try to utilize what I know this time to the max (sheesh markets are red, why was I even bullish? just cuz of greed and hateful word "hope")

and follow the plan I will make.

Heck if anyone read my watch list from yesterday I wrote after I sell my $SPWH position I will be looking at $MRNS, I didn't even bother to look at it after I took a lose.

 

I have to be more emotionally stable if I want to achieve my goal of doubling my account.

 

Thank you for reading, please post your thoughts and replies I'm interested in what you have to say. :D