I think I'm getting burned out. Watching videos every night, watching the market all day, every day.. I wake up and I'm not feeling the rush I felt when I started. Getting 6-7 hours of sleep a day, all I want to do is sleep right now. Waking up, pitch black, cold, stark.. extracting myself from the warmth of a down-filled comforter is not high on my list of wants.
Open ThinkOrSwim because.. honestly, I don't mind StocksToTrade, but there's other things I can do with that $180/month and the things STT offers over ToS I just don't value at the asking price.
Didn't see much in premarket movers that I liked, decided to wait until the bell. Immediately SKLN pops up, see it's a cancer play which gets me interested. It's only an agreement, so I don't know how it's going to go. I watch it do a pull back, I have an order for 2.25 ready to go to catch the spike, but I hesitate because I realize this could be one of those fakeouts and it'll fall back to where it closed the previous day (1.86ish). But also, there's the nagging suspicion that this might be better as a longer play; something to watch gain slowly all day. Anyway, missed my spot, spiked to 2.50, and then dropped. This is more like it, let it pullback, consolidate, and then catch the second wave. Ramping action for 5-10 minutes, holding around 2.40 very well. Lots of buyers; more buyers volume than seller volume on the L2, looks like it's worth the risk. In 300s @2.3968, goal is 2.50+, risk @2.30 right as the triangle ascends, poised for breakout...
LOL. okay, so now it begins to drop. Sellers have it. So of course it drops to 2.30, holds, and then 2.20, I almost sell to get out, but wait, there's still volume. There's still some big buyers hovering just below ask. It's climbing again, consolidating, ascending triangle. Holding 2.20 very very well. Let's try to average down, 2.2368, giving me average of 2.3168, risking 2.17 (morning low), still going for 2.50+ but I'll take 2.40 at this point. ;). up.. up.. almost to 2.30 WHOA HUGE SELLER at 2.30, like 300k SHIT SHIT SHIT. but then it's gone, a flash. Weird. It just keep bouncing off of 2.30, can't quite make it. Should I just get out? The rational part of me, wherever it is, would probably say yes. The part of me still trying to figure out where my mouth is to fit the coffee cup? I think it just wants to go back to bed.
Of course I don't sell. I'm determined to see that wall broken. There' still a ton of buyers on the L2, much more than what's showing on the seller side. Hidden sellers, that comes to mind. Volume fading, but still going. Occasional volume spike. Come on, man, this is your play, the cancer news play. Although, wasn't that play based around FDA results and testing? Ooof...
Drops through 2.17, finally. Sigh. Okay, let's give it one more chance. Let's let it get back up to 2.20. It's holding 2.10. I'm losing $60 every 15 minutes, why am I still holding this? Fuck if I know. I'm out @2.10 after watching it flirt with 2.05. I can't stomach that. I join the wall at 2.10, execute out, and wondering how I let myself go that far. Still exhausted, eyes don't want to focus at all. I need a nap.
Oh and big one #2: ToS runs on my C2D travel laptop just fine. STT won't.
And Big one #3: ToS supposedly runs on Linux if I ever decide to go back there (java app).
sigh, comment length: There's mini charting widgets, etc in ToS. Good to get a glimpse and see if there's a dip buy, etc coming out.
Ty for elaborating. - I'll try it for a few months I guess to at least know what I'm missing.
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