I got back from my trip to NYC to attend a workshop by Dr. Alexander Elder and Kerry Lovvorn. It was fun. First night we gathered at Dr. Elder’s apartment near Manhattan, a short walk from my hotel. I met other traders from around the world, cigars on the balcony and off we went to […]
Today I sold. I got my reaction rally to get the latest SPY position adds off the table breakeven. Tho it’s a relief, let’s look at what went wrong and what I have learned. In late December, I wrote about my failed dollar cost averaging and how not to throw good money after bad. I […]
It’s definitely an interesting holiday season. Bitcoin is below $4000 from the peak of almost $20k a year ago; and the US stock market is tanking. I’m sure glad to be out of Bitcoin since Dec ’17. It reminds me the saying: “It’s better to be out of a trade wishing you were in it, […]
The title says it all. I had a winning trade and I didn’t let profits run. It’s a two-fold situation really. I had TGT in place and was away from the screens. The TGT was around 15% profit, not being too greedy to let the trade turn around against me. So I didn’t get all […]
So far no trades had kept me awake at night until this one. It wasn’t about the trade setup, news or anything on the chart.. it was about risk size. Because NFLX had a similar drop just before FB on similar reasons (less user growth) but spiked back up quickly on the same day leaving […]
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