22nd: Abide the Rules

Summary

I must keep my head down and keep pushing forward. Doing something well today does not mean anything tomorrow. I must abide to my rules and play the setups I know. I mustn't force trades when I am up and mustn't be trading if I'm not well. The reasons why I forced the trade is because of greed and the desire to make more. It wasn't because the setups were good. I need to realize that the money will come once I trade well. Otherwise, I will never trade well.

I have come to question my health recently because of my lack of energy and increase of illnesses. I really hate being sick because it prevents me accomplishing anything. I need to take care of my body if I am to be successful at this profession.

These are all things I know and today serves as a reminder of why they are important. I rather ingrain them in my head today than tomorrow.

Ticker: MFRM

It gapped down and gave me an opportunity to short. I did not take advantage and shorted on weakness instead of strength. I got bear bad.

Note: When SSR is on, I must remember to short on pops or else I could get run over. If I miss the trade, then I miss the trade.

Notes: What's worse is how I did not let it test $38.30s thoroughly. This is a big problem of mine because I sometimes just assume that a stock is finished if it even touches my risk area. I must let it touch it and wait to see what it does afterwards before I make my decision.

Ticker: LEU

I forced this trade because I didn't want to miss out and wanted to make more money. I didn't trade this because the setup was good. The only play was in the morning and on pops along the way. The moment it dropped and held, I should have waited until it peaked $3.00. Instead, I anticipated received a poor entry and paid the price.

Note: I was up for the day and should have called it a day because I wasn't feeling well. Instead, I fell for the trap and got fucked. This was an obvious bear trap because of the way it consolidated and never broke $3. This thing was also low of days to make it worse.

Note: There was no play here except the long, but that is just 50/50. 

Ticker: SRPT

I was frustrated and wanted something to work, so I foolishly played this chart. I did not follow that the uptrend was clearly broken and fought it anyways. This was just stupid.

Note: Just stupid stupid stupid. I had no edge here because the uptrend was no longer valid. All I had was a lot of anxious longs wanting to sell to me.

Bonus Ticker: TSLA

Cygroup alerted this at a pretty good time. I just failed to play it.

Note: There is no excuse not to play this. I must be quick to realize the play and play it.

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2nd: Read the news!

Summary

I played a few stocks and they were losers. I need to learn how to minimize my risk more or else it will kill me eventually. 

Ticker: BGFV

My entry was poor and a symmetrical formed. I got out in time tho.

Note: I need to get in earlier on these stocks to be in a good position.

Ticker: CBPO

Piss poor entry, but okay exit. I did not read the news on this one and it burned me.

Note: The news told the story that the second public offering was at $110. I should have known that anything below that was a buy and anything above that was a short because it stalled at $110 throughout the day. 

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12th: Avoiding Easy

Summary

I have been playing hard setups instead of easy ones. The hard ones are basically guesses because they give me no edge at all. I am reverting back into old habits of playing random stuff and it has to stop. The reason I am playing these bullshit stocks is because I am looking for the fast move. I have to remember that even though they might be fast, they will not be good trade for the future. I should not be picking up these habits.

I also have to remember that if a trade looks good on an easy setup, then I should play it. There is no excuse not to play it. If the risk is too high, I lower the amount of stocks I get. It's that simple.

Ticker: SCSS

No reason to trade this!

Note: There was no point in time that this chart gave me an edge to trade. No fear, no panic, nothing! There was no stuff and there was no bar making lower lows. The volume also died down which made it even worse.

Note: This was a trade due to anger since I wasn't taking the trades I should be taking.

Note: I did not follow the trend and got burned once again. When will I learn my lesson?

Ticker: ICPT

Played small, but no edge.

Note: The only trade available was towards the top at 128s. This was where I missed the entry and since I wanted the action, I wanted to play. I need to learn that if I miss it, I miss it. There was no other patterns that gave me an edge here.

Note: I should not be doing 50/50 trades. I played small and lost.

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