Tuesday, November 10, 2015

11/10_SPHS-worst day since blogging

Oh Man~ WHAT THE FUCK was I doing the whole time??!!!!!! saw the runner premarket and keep waiting waiting waiting, couldn't pull the trigger....left big money on the table. It reminds me of Derrick JL saying"you got have ball, if you don't take the girl out, someone will do it." trading is all about the risk vs reward, if you can short risking the HOD with big-ass potential, you go ahead and take it!!!!
-so what exactly was the problem??? I over-analyzed it. this is my thinking: the stock is up 300% premarket and everyone is going to short it without doubt logically speaking. That's the main reason kept me away from shorting it. RULE: always short into it and reassess it afterwards. if you don't short now, such great opportunity will be gone! always always always short risking HOD!!
-did 3 scalping shorts in midday. ended up breakeven so what's the point???
-today is definitely WTF kind of day. I've been waiting for such play for a long time but when it comes I always screw up. I still kept AQXP and ITEK on the back of my mind and thought it may come back and in fact I HOPED it would come back. Remember the MKT do NOT give a shit about you! simplicity works. see a trade, take it! nail it or bail it, move on! cowardly trading don't work here!! you got have the ball to take it! part of the reason I was so scared to trade was because of my past losses. conquer it, stand the fuck up and fight!!
LESSON:
-at the end I was forcing a trade that wasn't there!
-Turned a bad day into a worse day due to my emotion imbalance, greed and ignorance of chart
-by mid day I was up $200 net but pissed because missed the short in the morning so technically what I did could be counted as revenge trade
-Gave too much weight on EOD spike and thought it could really run given the nasty and resistance everywhere chart but I compared it with CLTX in which case momentum carried forward 
-ignored the price action and lvl 2 big seller! it's funny that if I was not long I might look to short this late day "fallen star" setup and even more ridiculous thing was I saw this big ass seller on lvl 2 that couldn't be taken out but still refused to sell. WTF!!!! WTF!!!! being undisciplined and got fucked up. #Should refuse to long "ABCD" setup UNLESS with attainable HOD in this case the resistance is everywhere!!!!! why the fuck did I long given 1) resistance everywhere and 2)big seller on lvl 2??!!
#consistency!


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