Life Is Short

Was debating between shorting two stocks, chose the wrong one, getting squeezed big time, and the other one faded away with ease.

 

Getting killed, risk management out the window, in hope mode now.

 

A little auto liquidation, never good.

 

Cutting losses is concept not understood yet, obviously.

 

Maybe carry the short and pray for an election day miracle?

 

Back to hoping and holding, 15% draw down today, shameful.

 

-$167 realized and -$804 unrealized at the moment, had a near $200 profit, didn't take that, all covers were by way of auto liquidation, holding the rest overnight.

Sized up way too much, didn't take profit, didn't take the small loss, so many wrongs with this trade, not ready to be a consistently profitable trader, not even close, thinking the stock gives back some tomorrow, or at least hoping.

 

ANPC faded away easily, was really my first target, but decided against it because of the small float, need to adjust stock selection process.

 

No trades today, still holding short, hopefully will get a buy the dip opportunity tomorrow.

 

No trades today, was expecting overall market volatility early, just got a straight melt up, oddly enough my short did exactly the opposite, up huge in pre-market, only to selloff at open and finish red.