These last couple of weeks i have been missing trades. It hurts more to MISS a trade than to LOSE on a trade. For several reasons.
The absolute most promient reason is my inability to pull the trigger. I'm undertrading, not overtrading. I need to fix this. It is because Tim has scared the crap out of me( a good thing). I need to watch the entire video library to make sure i know everything i can know. To be more sure on a trade. I will see a pattern or something live and watch just one video lesson and there it is lol. So watch everything to NOT MISS ANYTHING.
Regardless, at least 7/10 of my thesises have been correct. Even Friday, the 9th, I took two small small trades to see if i would be correct, and im up as of now.
I see the patterns, I predict the movement, i just need to pull the trigger. I believe it is because i dont like giving my money to something i cant control. I dont know its a battle.
List of missed PROFITS (these last two weeks)
-ATOS - first green day on the market bounce. Spiked next day, 20 percent
-Tops- Made the paper trade at .28, idk why i hesitated. Because it went to .36. i got in at .305 on the bounce and sold at .33. small position. i find myself missing the intial trade, and then chasing. So i have to just take the trade when i see the pattern. FAST. 20 percent
-AKER oh man. Strong strong stock that i said i would get in at .39. Dipped to .395, and i didnt take it. Mannnnnnn. Went to .61 33 percent miss
-TOPS. Day one strong, and in the morning for whatever reason, it straight tanked FAST to .27. I put the order in AND DIDNT PULL THE TRIGGER. Bounced right off .26 support. litterally a 40 percent miss.
ATOS...again..formed a TA trade. b/o, then came back RIGHT TO B/O level. paper traded it. Man, ten percent miss.
-TEUM So this one had news that i said hmm...maybe when people wake up they willget in on this. basically, i was wrong BUT where i had my thesis, and didnt pull the trigger, was the best entry. It did not dip below. This seems to be a recurring theme. And it went from 2.26-2.5 so really not a bad scratch.
Oh man. Day off WEDNESDAY 2/7
-BSPM...haha i wanted to get in at fucking support at 3.70...I even had order in miday, since it spiked in the morning...you know the rest
- DRYS- my god man what is wrong with me. News litterally just came out. 10 percent move. 3.30 held, then went to 3.7 and came back down to 3.5. 3.5 held well all day and morning, this stock spiked. Annnd i had the order in at 3.46, but guess who didnt pull the trigger........
Holy shit. SNAP. same day. EARNINGS WINNER man. Dipped for a bit. I wanted to buy it at 17. didnt want to chase but it showed strength and dipped. HAD ORDER IN AND DIDNT PULL TRIGGER THEN WENT 22.
(still would not have been down on intial entry) Just take the trade man. For real.
But wait theres more.
FUCK. Not exaggerating when i say i missed thousands of dollars....
NXTD. product news. you were not late to the party. 2.50 to 2.90. Now, this was just like LTBR news with patent...this is perfect because just take the trade, because odds are these former runners will move up..but if not JUST CUT LOSSES. its not 100 percent predictable. This stock cleared that up.
UXVY. Not a stock but i treated like a stock. Broke day highs, came back to day high then BOUNCED OFF. Still not a stock but i didnt know so this counts as me not taking the trade. Went to 24 but would have been complete luck
Lets mention news stocks.
Trov- litterally saw news to min. in. Just buy the f ing news because odds are there is more to go. All you can do is play the odds. Thats it. 10 percent.
LTBR- Mannnn. 9 min in the news saw it. 2.8, to 2.9, to 3.3 to 4...even came back to 3.8 and HELD. Then held 4. BRO. what is the risk, just cut losses quickly. went to 4.7. i chased at 4.3 but i saw it was holding support.
NSPR. You litterally witnessed the news come out.watching it at .19, then .21 then .22, JUST get in .Whats the risk? News doesnt mean anything and goes back to .18?. Went to .26.
CPST- ew. bounced off r/g
Psh. AQ thought it was ew, but wanted to buy on 1st green day. lol wasnt an earnings but still would not have lost.
FFS POTN, bounce. UMFG bounce, litterally called the bottom
idk i feel theres more but i cant remember .
honorable mentions.
Anything on the market and bitcoin bounce
RIOT
GBTC
Eth , BTC.
Wow. i cant believe theres more
NUGS
RCON
FORD
Shit AMRH, litterally deadon. i dont like crediting myself but yeah this one was deadon.
Uh INFN , EW. lmao
LFIN.
AMD
(OSN)
BUT i must be honest with myself. Trades that would have been losses or are losses
AFMD
LTBR
IMMR
VKTX stupid trade. anticipation with a ew green day chart. not volatile. Late entry
HMNY bad entry again
LIVE, same thing as HMNY
Definintely more losses but i cant remember them all right now.
Conclusion after this post
I dont make thesises about every stock, only stocks which have patterns i recognize.But im right more than im wrong. Hopefully writing this down and seeing it words will help me get over this mental block. Just take the trade, pull the trigger. Dont be afraid of losses, being wrong, its all part of trading.
Get in BEFORE the grind up, spike , etc.
Buy the news early. Dip buy earnings winners. Dip buy morning panics. But the first green day. Buy dips on support. Short pumps. These are the patterns that work.
DONT expect these to work EVERYTIME. Get in earlier than you think you need to. BUY weakness, not strength man. SELL into strength. Just play the odds and pull the trigger.
youre not a master yet. But youre also not a newb. Trust the patterns, trust the charts.
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