Rebuilding The Dumpster Fire

Discussion in 'Journals' started by Max E., Jan 8, 2025.

  1. Max E.

    Max E.


    LOL not really I was on the wrong side of it had 12 MNQ contracts short yesterday watched a huge winner turn into a bit of a loser, right now just trying to put out fires on everything else I own, so staying market neutral on the QQQ for the time being, and adding on rips and buying some shortsd out into dips, got greedy yesterday should have taking some off into the 20k area, but i totally thought if it gets through 20k it is going tyo 19k on the NQ, it will get there eventually but not without a fight.



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    #201     Mar 5, 2025
  2. Max E.

    Max E.

    LOL and the Trump Rug Pull again today, now they say they are going to wait on Tariffs, Lifted the Hedge see if we can get an up day, Happy I took off half at the bottom today, yesterday did nothign and watched the whole short melt down lol :) what a market.



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    #202     Mar 5, 2025
  3. Max E.

    Max E.


    LOL, believe me you dont need to warn me about the stresses of being a trader for a living thats why I wanted to get into wealth management to alleviate some that, but when the market is like this you either have to revert to making money from trading or just stand by and watch your account get bleed out while your living off of it during a down turn.
     
    Last edited: Mar 5, 2025
    #203     Mar 5, 2025
  4. Max E.

    Max E.

    Short into this lets see what happens. Wasnmt expecting 500 to hold on the QQQ's


    Admittedly this one is a bad loss.

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    #204     Mar 5, 2025
  5. Max E.

    Max E.

    Down but not out, haha we will see today has been nuts.

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    #205     Mar 5, 2025
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  6. -$6000 to -$588.

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    #206     Mar 5, 2025
  7. ASTS and GRRR cleaned up my losses. They were powerful, maybe $40 for ASTS when things calm down?
     
    #207     Mar 5, 2025
  8. themickey

    themickey

    On a market down turn, like a severe one, yes usually everything gets hit but it doesn't last too long. Imo when there's a prolonged bear market usually something / a sector somewhere is climbing.
    My theory is big money somewhere wants to be contrarian and buying and pushing a sector up.

    Another way of looking at it, there'll be times when you are positioned correctly and scooping up money like krill as a whale, then it will dry up a tad later, so then just gotta live with it as it don't last long the dry period.
     
    #208     Mar 5, 2025
  9. themickey

    themickey

    There's always going to be pain in trading, so a decision needs to be made, do I want the pain of day trading or the pain of swing trading.
     
    #209     Mar 5, 2025
    TrailerParkTed and Max E. like this.
  10. Max E.

    Max E.

    lolGRR was a gooder good luck if you were long thjat thing
     
    #210     Mar 5, 2025
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