29 turning 30. 11 years of trading. First profiting year Journal 1

Discussion in 'Journals' started by wabu27, Jul 29, 2021.

  1. wabu27

    wabu27

    If I keep on losing money year after year, that might be my distant future.
     
    #91     Aug 16, 2021
  2. wabu27

    wabu27

    8/17 -$101
    Well that pissed me off. Woke up late. Missed the morning rapid rise. Waited for an opportunity. Made money with Tesla. $800. Thought about calling it a day but I thought I saw another opportunity. Trade just did not go my way. But it seemed like someone was not letting Tesla fall at the end and just forced it to steadily go up. Lost all of my gains and some more.

    AHARHARARFKAOPRGKAPORKG
    Tomorrow I'll wake up early and make sure omfg Tesla dropping a little now. That was bad of me. Man I really got to watch myself going all in. Especially later in the day since I feel like I'm 50/50 in the second half of the day.
     
    #92     Aug 17, 2021
    beginner66 likes this.
  3. .


    What chart timeframe are you using now?

    Your post made me look at MRNA and TSLA on the 5 minute charts. Very different paths for them today...
     
    #93     Aug 17, 2021
  4. Overnight

    Overnight

    If you keep going all-in, eventually the 50/50 coin flip is going to come up tails 5 times in a row, when you chose heads. That would be an unpleasant outcome. I.E. Account wipe.
     
    #94     Aug 17, 2021
  5. wabu27

    wabu27

    8/18 +$1,665
    Played around with MRNA. Did a lot of scalping throughout the day. Going to end it early since I'm not sure if it's going to go up to positive or drop further down. I feel like right now it could go either way. Also I have somewhere I need to be in 40 mins. YEAAAAA
     
    #95     Aug 18, 2021
  6. wabu27

    wabu27

    @Slope Trader I use 1 min and 2 min when I enter/exit but use 5,15,30,and 1hr chart as reference to time my entry/exits. For example, if the chart looks like it could go up with 5,15 chart than I may choose go in. However, if there is a sudden rise and it looks like in 30/1hr chart that it would go back down, I would just take my small profit and exit.

    @Overnight the 50/50 chance is only during second half of the day. For the first half, I would say my winning percentage is 80-90%.
     
    #96     Aug 18, 2021
  7. wabu27

    wabu27

    Sorry for getting back to you so late. I was so sad the week you asked me the questions that I just didn't want to get back to anyone.
     
    #97     Aug 18, 2021
    NoahA likes this.
  8. Wabu,

    Sent you a PM.
     
    #98     Aug 18, 2021
  9. wabu27

    wabu27

    8/19 +$1,343
    Balance: $37,675

    Made money with MRNA and AMC today. AMC started a lot lower so waited until it looked like it wouldn't go any lower and tried to play the bounce. Same with MRNA. Almost lost half of my gains because I went big on MRNA and it didn't bounce the way I'd hoped and instead went even lower. It did bounce back a little so I made most of my money back but ... tired. It was a long day. Going to call it a day and go back to sleep.

    Including a picture of when I entered/exited. I figure this would be more entertaining than my post, which made sense to me when I was writing it but once I re-read it after posting, it's not good writing.
     
    #99     Aug 19, 2021
    wrbtrader, MeMyself & I and NoahA like this.
  10. wabu27

    wabu27

    FYI made back all the losses. I was hoping to make it back in 3-5 weeks but I did it in 2 because I had one lucky day where I made 5K.
     
    #100     Aug 19, 2021