Good morning!
Cheers to anyone with more brains than I, who made money on the bounce yesterday. I was too scared/dumb to take advantage of the entire market finding its bottom and rebounding off it.
I'm sitting here, looking at $ZM and $TSLA charts, and wishing I would have remembered or even realized that yesterday was a First Green Day pattern for both of them. Even $AAPL was basically a First Green Day.
If I wasn't like Winnie the Pooh (sorry for all these Hundred Acre Wood references; it's what my 2 year old is into right now), being a bear of very little brain, I would have purchased some Call Options for all of them, and had a tidy profit today. Not to mention $AAPL is doing a product unveiling today.
Lessons learned, I guess. Or at the least, lessons observed. Hopefully I'll learn from them.
Yesterday was probably the slowest trading day I've had in a long while.
I only traded $AAPL, experimenting with "boxing" my position with a Call and Put spread (which didn't work very well), and a speculative, overnight Put on $SHLL (which isn't working out very well either).
So overall, not much was lost, but nothing was gained, either.
To be honest, I think I'm a bit scared to trade, lest I lose more. No, my account isn't destroyed, but it's currently down about 20%. To me, that's a lot, and I'd rather just wait for the perfect play to come before I start doing serious trades again.
Maybe that's what I should have been doing all along... hmmm...
I'm not giving up. Just taking a step back so I get get in the groove again.
Not much is planned for today, as the markets are consolidating and there aren't many good setups.
It's hard when the market is slow. I don't trade the same things you do, but I've been feeling the market slow as well. I don't have the experience to know when it should pick up again, but I did just look up today and saw that February, May, June, August, and September are the slowest months for the stock market. So maybe it will pick up again soon? I loved all the coronavirus volatility, and I feel unmotivated when there's not much to be in.
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