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@jin67171

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@jin67171
This is $SMCI all over again. Now for overnight its hard to know if all shorts got out into the end of the day, scared of the initial BTC breakout or if this is the beginning. Felt this was it, but my risk management says NO, so I listen. The main lessons from SMCI were to have a clear stop (450 here), to only take a max of 3 losses and move on (0 here), to respect the correlation to the theme(BTC weak into close so respected), to wait for volume exhaustion(we did over 440). Overall just participated today, there is nothing that made me want to truly size up. Just picking my spots.
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@jin67171
+$114,686 $SMCI simply played the short squeeze into premarket highs on a liquid name. Very tight risk $MSTR complete disconnect vs Bitcoin. Shorted on the relative weakness midday and covered. Longed for the breakout as BTC was breaking out but it kept on stalling so I kept on selling for the pop. Late day all of those shorts that likely held it up earlier came out and when I saw BTC fail its breakout I started to lean against it short vs 450. Didn’t realize it was that it was so late and proactively covered into 440 instead of planned mid 30s. Hard to partake when the NAV is 3.3x BTC holdings but shorts are still entrenched.
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September +$231,472 / +103% Quite a good month with this one in the books!. Always expecting to make higher $ gains recap coming over the weekend. HAGW all! 🍻
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Unless you've done the work yourself to backtest a setup and know how every parameter you can think of affects or does not affect the results of that setup, you won't be comfortable putting decent size on it. Especially if you face a losing streak with that setup.
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Net profit growth 🔥🔥
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@jin67171
Still on the small account on #cobra, Week +$109,790 net MTD +$177,000 net / +78% account growth First 6 fig on this one, that’s put together on all week. HAGW all!
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In 2024, I'm experiencing the fastest growth in terms of P&L, and I might achieve an eight-figure profit this year alone if I continue. My son is already 4 years old, growing so fast, and every day I realize that this time is something I will never get back. I'm very thankful that I have the financial freedom and enough time to spend with my family. I'm grateful every day that I became a day trader; it was probably one of the best decisions I've ever made !
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+$52,986 net after 5k fees On one of my smaller accounts nice to put together a day with over +20% account growth and biggest daily P&L on this account yet things can take a quick turn yes😅😅😅
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It's okay for you to be on the wrong side; we all make mistakes. However, it's not okay to be stubborn about certain stocks. It can just destroy your account. Trust me I've been there. Do not trade when you have no setup for it
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Trading and golf are really similar mindset wise: - Accept the result of your shot. It is what you deserve based on your practise. - The most important shot is always the next one. - Hero shots rarely lead to good rounds. If you're in the woods, take your medicine and chip to the fairway - The work is done off the course. On the course you just execute what you practiced? I'm quite certain that some traders who golf do exhibit many of the same tendencies in both areas. For example I'm a person who likes to go for the hero shots rather than just make those base hits. But then again I always accept the end result without a question as it is what I deserve base on my training.
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This week had numerous exceptional opportunities. Unfortunately my system setups do not fare well in hot markets AND that’s about to change,you can make more money in "average" market environment. Ended the week pretty much breakeven.
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$$+ Insane! This Market was just insane and it creates tons of opportunities everyday ! Scalping is some I enjoy, can’t explain it but 🔥🔥what a run Mainly traded $INTC $NVDA $TSLA in the large cap. Traded them both long and short. Had pretty good read l. Mainly traded $vsee $akan in the small cap. Overnighted $imrx $xcur and worked just fine. $vsee Accumulated long positions in $VSEE during the early premarket and nailed the long trade, then flipped to short and nailed that as well. Pretty good read on this one as well. Nailed a lot
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