Remember what it says on Zero Hedge website,"the return for a little longer timeframe for everyone is near 0". The market that we are in today is very different from what it used to be. Shorting morning strength don't workout very well and small cap market is pretty dead these days. Therefore there is no way to survive but to adapt. Successful trader evaluates the market constantly and adjust the strategy and risk profile accordingly. Today we see the entire market is up, SPY and crude oil and many big oil companies have showed all day strength. Therefore it's not a good time to short big names unfortunately for short biased traders like me found extremely difficult to buy dips.
It's earning's season so a lot of plays jump on earning. I don't regret my shorting but the ONLY flaw is my patience issue. I overstayed and turned a winner into a loser by holding it. In this market patience is your worst enemy!! It's better to cry that you left the money on the table than cry on loss which could have been avoided. starting tomorrow 0 patience!!! Nail/bail!!! No question to be asked!
just because a stock is up doesn't mean it has to come down or even pullback!!!! this chart reminds me of what Nate had said. No regret shorting it but again the moment saw higher low is a sign of getting out!!! 0 thought and be like a fucking stone is how you survive this market
reverse split that I took my eyes off earlier due to low price but it surprised me an hour later after I checked percentage gainer's board. This is the play that can turn my red day into green but once again I let opportunity slip by. Feeling frustrated and pissed the whole due to consistent losses so hard to stay focused. Always tell yourself what happened is done, don't look back and move forward!!!!
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