After a long time, I am back to stock trading again. It just won't leave me; the idea that if I can just do what I need to do, I'll make it. It took me a long time to get back to this place, because I caused myself a lot of mental anguish. I was on a roll with consistency, and that caused me to start feeling really impatient and hungry for success. As is the usual mistake, I sized up too quickly and got emotional over the money, didn't want to take a loss, and ended up ruining not only my progress monetarily, but most importantly, psychologically. It has to stop...
My goal now, is to make the process the goal. At this point, I know what to do. I know how to trade. I just need to get solid habits in place, stop chasing, and be patient and measured. There are a ton of variables and I know many very well. The one variable I have never had a good grasp on, is myself. So I am just going to do my best to show up every day I can, and go through the motions I need to be going through. This blog will be a recap of what happened in the market, and in my head.
So today was rather a bit disappointing. I had some intuitions that some names would move, and I failed to capitalize on them.
$AMC: this has been popping nearly every morning, and I thought today would be a repeat. It did not, and I was wrong, no big deal. I didn't play it. In the grand scheme of things you can see it is forming a very tight wedge. This retail group that calls themselves the "Ape gang" are HODLing for the "Mother of all short squeezes". It may happen, it may not. but I've got my eye on it.
$LVGN: The longer term trend on this seemed to be holding up well and priming for a spike this morning. Of which happened, and of which I did not partake...
