Rebuilding The Dumpster Fire

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

  1. Max E.

    Max E.

    IBIT

    OK where you buying bitcoin right now lol we are maxed there, 100k held, i missed the high by about 5 bucks a share but im thankful im out, think I dumped that one for like a 50k win.

    upload_2025-1-12_1-17-31.png
     
    #71     Jan 12, 2025
  2. Max E.

    Max E.

    NVDA

    Pretty strong rejection on the highs all out of that one, 3 trillion valuation lets see how that holds up.

    upload_2025-1-12_1-20-5.png
     
    #72     Jan 12, 2025
  3. Max E.

    Max E.

    By far the most comical move of this market was the Quantum computing garbage with zero earnings, lol QUBT trading at like 500 times sales, that was the tip off that we are in a bubble.

    upload_2025-1-12_1-24-16.png

    RGTI LOL

    upload_2025-1-12_1-25-14.png
     
    #73     Jan 12, 2025
  4. Max E.

    Max E.

    My answer to anyone as to why you would become a seller, is that when you see the market doing garbage shit like this you should know its on its last legs. Position accordingly.
     
    #74     Jan 12, 2025
  5. Max E.

    Max E.

    Meanwhile WTI holding a base and smashing through highs... money flows from losers to winners, find where your money will pay you this year.

    upload_2025-1-12_1-32-10.png
     
    Last edited: Jan 12, 2025
    #75     Jan 12, 2025
  6. Max E.

    Max E.

    Alberta premier talking about Tariffs on Oil today pretty much crushed all the Canadian oil stocks today, U.S. oil stocks did ok, tough to know whether trump is just posturing to get what he wants or he actually would be dumb enough to tariff oil, we will see. Maybe the best way to trade this move would be just straight up buying WTI... but its a big contract 1000 barrels a contract. No Day trades today bought a couple more oil stocks.

    Tough position right now trying to find places to park Canadian Dollars and whether or not to start converting USD back to CAD

    The QQQ managed to hold 500 we will see if the market has any strength left in it if we get a big push up off of that tomorrow
     
    Last edited: Jan 13, 2025
    #76     Jan 13, 2025
  7. How is your dad feeling and doing?
     
    #77     Jan 13, 2025
  8. Max E.

    Max E.


    He is doing ok just been resting mostly and he has a wheelchair down there so been going down and sitting by the pool during the day, cant really go to the beach or anything like that because its too hard for him to walk on sand. Thanks for asking!
     
    #78     Jan 13, 2025
  9. Max E.

    Max E.

    Couple premarket trades havent done anything last couple days other than buying long term oil stocks up to about 300k exposure there want to double that as it goes, if the trade works out, I have about ten names there so far can post a list later.

    First trade short RGTI pretty straight forward trade knew there would be stops under 9.50 so smacked it there, ditched half around 9 then sized back in again then cut the resize and readded it as it got under 9.20, tried to add again when it got back over 9 thinking it would hold under 9 but then 9 held up so i dumped it all, small size but made a a couple grand.

    upload_2025-1-15_6-27-53.png
     
    #79     Jan 15, 2025
    NoahA likes this.
  10. Max E.

    Max E.

    Totally whiffed on SGBX still a bit skittish from last week, so not as aggressive as i would be normally but should have traded this totally differently, I decided to dump when it couldn't get through a dollar the first time, but then it held VWAP at .85 and put in a big green candle, should have smacked the shit out of it for size there, only needed about a 2 or 3 cent stop, then just start selling into all the stop outs over a buck, but was not sure it would work in this market. Easy 5 to 10k winner there but just didn't feel like fighting with it lol. Still just being cautious.

    upload_2025-1-15_6-33-51.png
     
    #80     Jan 15, 2025
    NoahA likes this.