Wednesday, August 1, 2018
8/1_CZR, IQ, RACE, RXII, TSLA-$34K
RACE, CZR-caught falling knife, glad worked out.
IQ- I got wayyy tooo biased and didn't respect the price and lack of volume and momo action. Could have cut it earlier but kept waiting!!! no follow thru volume man!!! that's big red flag for long!!!
Got super excited for TSLA's earning today and visioned myself hit homerun, that's usually a very bad sign!! so holding 800 shares into the a/h session and saw the weakness and doubled up at $290 but it immediately fly back up that's a very very very big red flag for shorts!!! Unfortunately I didn't take that as a danger sign and fought it. I took 20k loss immediately then waited for cc at 5:30pm thinking they may say something negative of the company so holding again some shares into cc and as soon as Elon started speaking the price started ramping and finally couldn't take it anymore I exited all at $320. realized in total $33k!!!!
Lessons: Holding shares into the earning = gamble!!! Remember that!!
higher lows but still adding the size to it, ignoring red flag and the fact $300 hold.
Used size a/h and my trading condition is not ideal-laptop lol. At one point I am having 3000 shares!!
NEVER EVER bet against Elon Musk!!!!Never Ever!!!
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