Wednesday, September 19, 2018
9/19_TLRY, CGC, CRON-Realized $50k Loss early.
traded crazily on these 3 and only posting TLRY b/c it's the craziest of all! Can you believe I realized $10k loss by only using 200shares??!!!! Once again 99% of the world is shorting this and it's got 2 big dips and came back what does that tell you??!!!!!!! But I kept holding, kept rationalizing, kept waiting for what I think could happen.....Paid the price.
2nd mistake I started longing it after $200 crack anticipating $200 reclaim BUT i added too big too early so I got scared and frustrated and scaled out eating another $10k loss. It was just very very difficult, in my opinion, long or short are both wrong! The right thing is "no trade"
Not necessarily having a homerun mentality, I ate $50k loss very early of the day because I was using wayyyy tooo much size and failed to scale out when it didn't do what I wanted. That's a very very big problem!!!! Especially using size(in my case, my entire BP)....and I lost connection in the middle of day...but fortunately I ended the day okay. Live to fight another day!!!
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