Friday, December 29, 2017
12/29_WATT, KOSS, VTVT ATRA, &PNL
when mania period is over, we are back to short morning pop and hold for lower type of market.
WATT-headache if short to early, hard to read initially.
ALTA- conviction short, s8 in september, lack of consistent buying, the only hard part is tick pilot.
KOSS-every push met with seller, no reason to cover!!
here is the result of the year, lots of mistakes and lessons but lots of improvement as well. Very fortunately gains outweight losses. Starting 2018 will focus on 3 things:
1) Respect the volume and the "stop"
2) Never ever add to loser unless have a plan!!!!
3) be selective!!! Be aware and fearful of "flavor of the day" and "market sentiment", some market condition/time of the day=rather not trade!!! Online shopping makes more $$$!
4) No YOLO trade! No homerun! take singles!!!! trade less!
5) Huge setback 3 times and countless losses during mania period, avoid shorting during mania period especially theme market(BTC, blockchain, shipper, ebola, forklift, etc) and always keep in mind the type market and reckless buying last longerrrrrr than you ever think!!!!!!!!!!!!!!!!
6)focus on EZ money!!!!!! question, in doubt, frustration, 50/50, confusion, unsmooth->OUT!!
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