Totipotent

AMC short- got fortunate with GME offering and early earnings but thesis here was overhype and previous runs were big up days followed by big movements down, took some on way up with calls but wanted a gap to $80+ to buy puts, was up at 4 am Eastern watching and saw an easy r/r with risk being $6.88 ish. Wanted to short GME originally but margin requirements were too high, wanted to add more around $6.40 right before bad news but couldn't because of buying power :-/

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Totipotent

5-30-2024 NBD, New Best Week and month(so far), NVDA puts overextended/FRD idea

Totipotent
Totipotent May 30, 24 5:30 PM

Sold 2/3 into afternoon close locking in gains into big plunge on bad news and being a FRD. Wonder if overall market being weak and economic data tomorrow also contributed.

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Totipotent

Why I need to focus on shorting. Note: all the ingredients were present, Multi Day Runner / Pump Chart, No news, Gap and Crap developing PRE, Overall Red Markets

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Totipotent

Sort of adrenaline filled after my first trade and sold way too soon, have to remember this for future that when it breaks all time highs after being somewhat weak and gaining attention of almost everyone I could have been way more patient and gone small on the first squeeze and big when it broke HOD and been a little more paytient.

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Totipotent

Why you have to be prepared and confident - I went micro position and totally could have shorted 10 shares and been below my max size and BANKED while covering wayyyy tooo soon. this sort of opportunity does not come often and I did not capitalize, but did partake.

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Totipotent

70% gain huge winner on a small position, tried to swing this and MONI ended up having a very solid gain on this due to news of upcoming trials and what not. Not the best execution but plan was good and stuck to it.

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Totipotent

Must focus on the process by making my own watchlists daily, making plans with stops in mind. One big challenge recently has been shorting stocks and then getting stopped out but due to PDT not being able to reattack. This just means I need to hone in on r/r and entries that much better. Big recent one that ate at me was NKLA short, was totally on the right track and it bounced to vwap, gave it what felt like 20 minutes to see if it was going to fail vwap reclaim and ended up cutting due to having too much of a fear of loss. It ended up closing around $1.20 and my entry was $1.55 average. Cut out at 1.605 or something. Very frustrating but just need to tweak a few things and I will have success. Other big thing is just cutting losses which I would rather be out of a trade and it work than lose big.

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