ShroomingMantis
ShroomingMantis t1_j6gjnus wrote
Reply to Avatar: the talk by SadUSee
Lol I'm sorry this movie upset u so much
ShroomingMantis t1_j6er2c3 wrote
Reply to comment by stockrot in rate my portfolio by sadafboicry
Lol ok Citadel 👀
ShroomingMantis t1_j6cncgb wrote
Reply to comment by PlantainStill in rate my portfolio by sadafboicry
Tru dat.
ShroomingMantis t1_j6bz6kr wrote
Reply to comment by Toomin3 in rate my portfolio by sadafboicry
Actually the distribution of green and red days is almost 50% so the odds of having an up or down day is almost even if you're out before close, fun fact.
ShroomingMantis t1_j6aer18 wrote
Reply to comment by sadafboicry in rate my portfolio by sadafboicry
I dont blame u. It was pretty intense selling in the last hour. I wouldn't be surprised to see it continue thru next week if everybody's taking profits.
I never go all in on 1 play at a time though.
ShroomingMantis t1_j6accwa wrote
Reply to comment by sadafboicry in rate my portfolio by sadafboicry
Of course you can! I think you're more likely to drive that baby into ground unless you make an adjustment to your performance, but almost anything is possible in the markets...
ShroomingMantis t1_j6ac1ze wrote
Reply to rate my portfolio by sadafboicry
Only down 50% soooo id give u a 50 if I had to score it
ShroomingMantis t1_iyey85r wrote
Reply to comment by JDmexican_92 in $20k to $300 by JDmexican_92
Ya betting on Fundemental catalyst events is one of your highest risk scenarios if you aren't capping your risk tight, arbitrarily, increasing the chance of taking that loss by alot.
My advice, homie, is to hop in a simulator while you save money, and practice building a legit system that protects your capital and still offers upside.
Ik it's gonna take a long time to fully process the losses, but don't beat yourself up. Its a common mistake that good traders can make when they aren't fully aware. Most ppl who short, learn this lesson this exact way, its just a matter of how much you pay up.
Good luck dude, don't give up on yourself, no matter what.
ShroomingMantis t1_iyev4dj wrote
Reply to comment by JDmexican_92 in $20k to $300 by JDmexican_92
Thats why you have to remain consistent in what you do , to allow the irrationality of the markets to work out in your favor.. if you're buying floors, and you just got stopped out of the last 3, you don't switch to shorting downtrend, you keep buying floors because all those shorts printing are going to sooner than later cover and reverse the momentum, you already missed the move, now you're early to the next one, but it'll come.. for example.
The trick is to trade something consistently repeatable, and manage loss on the occasions when price doesn't play out the way your trade calls for, because it will, because the market is stupid and inefficient sometimes. Its not our job to try and control that part.
I'm gonna guess, either you had no technical analysis on your trade, or your 10k loss could have been a $300 loss, but you stubbornly ignored the chart saying it wasn't time to go down yet. Again, I'm speaking from the heart and my experience in hopes to help you find where the next step forward lies. 🙏
ShroomingMantis t1_iyet7rn wrote
Reply to $20k to $300 by JDmexican_92
I learned to stop trying to call tops and to leave losses small when the top doesn't wanna come in for you.. instead of opening up stops for exhaustion...you blew up due to the age old adage of, "markets can remain irrational longer than you can remain solvent"
Better to cut the loss before its too bad, and re enter on what looks like to be the backside with a more defined risk instead of hold through the move.
We live and learn. I lost 25k off similar events
ShroomingMantis t1_j6h55n6 wrote
Reply to comment by SadUSee in Avatar: the talk by SadUSee
What? I was showing u support.... not everyone is your enemy..