Good morning!

Yes, it's that time of week again! The time when I discuss how I made a mistake.

You see, when you work a full-time construction job, are tired, not feeling well, and yet see the whole market tanking in the afternoon, you tend to get this idea in your brain that perhaps you can actually make some quick cash on an already failing company.

Insert FOMO music here.

Such was the story with $NKLA yesterday.

I entered the trade (an Option Put), thinking I'd hold it overnight, raking in those sweet profits the next morning.

However, I didn't have the patience, nor the intelligence, to trust the pattern and the market in general.

That's why, when I saw what I thought was probably going to be a "Short Squeeze", and freaked out, I exited the trade.

Sadly, it was just a little bump in the pattern, and it continued to go down.

Realizing I wasn't in a good mindset, I didn't get back into the trade.

Frustrating? Yes.

Necessary? Yes.

Limiting myself when I don't have the correct mindset is absolutely the right call. Like, if one realizes one can't walk and chew bubble gum at the same time. One just doesn't do it.

Well, that's about it. I gotta run, because it'll be a busy day.

Take care everyone!