After I watched my ego outburst in the psych section, I realzied, shit, it might be time to sell stocks. I tend to view myself in a 3rd party, Theres 3 people in me. 1. The focused , persistent coolweb. 2. The I am the fking man coolweb. 3. The neutral coolweb (3rd party view) so I thoroughly reviewed my positions, my analysis is whats going to happen: a. ES s&p500 just took out shorts, its almost impossible for es to sell off after a short squeeze, a short squeeze can only mean grind up prices after the squeeze to further give shorters the ride of their lifetimes. aa. ES will most likely drop to 1085, around a .7% drop (monday or tuesday) , then ram it up OR ab. ES will grind higher .30% each day, aka untradeable for intraday daytraders but beneficial for people like me who are holding long term positions. b. I did my due diligence, to check on my ego outburst, I am confident staying long and not selling is the right decision for this week. Thanks to coolweb #3 neutral.
Closed 7/8th of all positions. Now very little left in the market. 15% on armh 12% on lulu 8% on cstr 8% on aos positon sized change a little up Total portfolio gain = +9-10% Last portfolio gain = +19% - 1% peak = 18% Current gain = +9.5% estimated Current Total = +27.5% ============ good game. 1 more trade to reach the goal.
a. Regarding my selling I have a sitting problem, once I sell 2/3rds I want to sell everything,<u> I need more experience in that .</u> I feel its a flaw that has to be fixed, but can only be fixed with more experience (aka pain I will be experiencing when stocks jump another 3-5% from my exit) b. Regarding my Intial Postion size is still around 200k I want to increase it, but not there yet mentally. Next profitable trade I'll turn it to 250k-280k intial position size. I have a position size goal of 1.50M by next year. Trade my position up, More profitable trades , More small losses = More experience = More mental ability to handle larger position sizes. Conservative in risk taking.. 8-10% = 130k-150k per trade profit. =============== When I see great entry points, I'll jack the position size to 500k intial. Keep focused. Keep focused. <b> Focus</b> Will not stop until I'm the richest guy in my region. That is my goal. I want to look around at all the buildings and say I can buy them all <u>but I won't</u>. I want to look at a mayor candicacy and say I can buy into that but <u>I don't need it</u>, I want to look at all the skyrises and say <h2> THIS IS NOTHING COMPARED TO MY ASSETS IN THE MARKETS </h2> Nothing is impossible.
Nice trades. I am sitting here like a fool in long USD positions but it is looking so weak right now.
key mistake in my selling a) Was selling armh, but then went on a selling spree. b) lesson learned, different equities don't equal to same selling looking for an optimum entry to put back 1/2 the position.