As of right now, the charts say that tomorrow is going to be another down day.
So you may be asking yourself, why did this guy not see that today would be a down day and already be in with puts last night before trading day close?
Answer: Because I was emotionally compromised. Thats the simple truth. I was pissed off that I had to exit my puts with no profit and it started to get in my head and I didnt want it to happen again today.
Of course, now that I've cooled down and have the benefit of hindsight, I would have done something different. The charts last night before close were flashing continuation candles, that is telling me there would be more selling the next day. What I did wrong was a nice lesson. You have to learn to trade like a machine because emotions will mess with your head like a little brother messing up your science project while you are trying to build it at the table.
Case in point: I was 18 and making something out of clay for art class at the table downstairs in our basement. I had a big hunk of clay on the edge of the table and other pieces of clay I was trying to mold into something like a dolphin. I was having trouble with sculpting in 3 dimensions. Unbeknownst to me my 10 year old brother was on the floor slithering towards the table on his stomach like a snake out of my line of sight, keeping the table between me and him. He went underneath the table and then reached around, grabbed the huge lump of clay and slammed it down on my balls. That put me on the floor holding myself as my brother laughed like a maniac. While it was a good one (kudos to brother) I did chase him around.
This is what its like when you trade with emotions. They mess with you like a 10 year old brother and will totally fuck up your trading. Wear a cup. Stay emotionless and do what you are supposed to do for your chosen system when you get the correct setup.
A bit later today I will have the charts on AAPL and GOOG up and I will discuss technically where they are going to be going next.
Tradinginsider
Winning
Social Profiles
-
And another thing we are going to do today is we are going to enter into a spread. We just made money by exiting our put position, now I am ...
-
Markets are up a bit. We will monitor the situation closely, as I am trying to exit these 2 puts I am holding. I will look at this from all...
-
Good morning everyone. We are going to bail on that call from Friday. Below is myout: QQQ MarWk2 105.5 Call 1.02 1.03 ...
-
We seem to be bouncing off the moving average. So the techs are telling me that we just dipped back into buying position. Our new in is belo...
-
Time for another QQQ put to open. QQQ Mar16 104.5 Put 1.58 1.57 1.59 590 Thats all for now. Reme...
-
This is part 2 on a 10 part series about how to trade stocks online. Feel free to email this post to a friend or re-post. We've all be... -
Ive been away for a few weeks, but now I am back for a bit. Now Im just gonna jump right back in it. I have IDed that the market is going ...
-
Get out of your call position, and time to purchase a put on the QQQ I will be on again in about an hour or so, Tradinginsider
-
But remember, come back here 2 minutes before close. That way I can get the most accurate reading as to the direction that the market will...
-
Remember that call yesterday, then the double down then the double down again? My headline was exit everything, but then when you read the ...
The Man
.png "English"){kind=small}
0 comments:
Post a Comment