JakeWatson

9/16/2021 RECAP: After some of my best trading on 9/14 and trying my first short position, I was feeling very confident coming into today. I quickly spotted $JZZI as a potential runner with news and former spikeability and bought around the market open. Buying and selling twice on the run up from 0.01 to 0.025. A nice little set of trades until JZZI started to cool off and I thought about short selling it. Before really analyzing the position I tried a short sell and it went against me so I covered, eating into my gains. Then I bought a long position and it went down so I cut losses, again eating into my gains. Then for the last few weeks I've been noticing how much the IB commissions have been eating into my actual profits and between these three things, I was pretty much back to even on the day, which really frustrated me. So, I started looking aggressively for another position, KNOWING that it was coming up on 10:30am/11:00am when everything starts to cool-off, and I found GSFI running with former spikeability. So I bought at 0.063, and almost IMMEDIATELY it stated to TANK. It tanked SOOOO FAST. I missed the bounce at 0.05 up to 0.057 because it happened literally within 1 minute of itself and then I held as it quickly dropped into the mid 0.04s... mindset was off, I should have NEVER entered this trade the way I did, with the mentality I had, at the time I did, and I suffered a damn big loss because of it. THIS IS MY WORST TRADING DAY EVER SO FAR, and I am now putting myself in trading time out until Monday, September 27. The only thing I can do now study, learn, examine my last 190 trades, get to the bottom of how my fees are affecting my profits and consider additional brokers, regroup, and come back stronger. I am so disappointed and disgusted with myself for once again thinking that somehow the market was going to be special to me because I was getting emotional. If you're losing, it's not the market - it's YOU. This is a no-mercy game and it will teach you more about yourself than anything else. You have to love it for that, embrace, and learn to have thick skin. Until next time.

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timothysykes

Now $JZZI back over .02 so even with the market getting crushed, my 2 plays including S$FOR today are both solidly higher from all my buys, that's a good sign that I'm on the right track and I locked in a safe $1400 already too!

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timothysykes

$468 profit JZZI Long Stock

Entry comments: Dip bought this big runner into massive dip off the highs, I think it can still bounce, ideally to the .019s or .02s, cut losses if no bounce though, ugly overall market

Exit comments: Decent little bounce in an ugly overall. market, but we're heading into midday, volume is dropping and there seems to be a lot of sellers just under .02 so I'll lock it in and be safe, this hit my conservative goals and remember singles add up over time

Received 3 Karmas
jnun2
jnun2 Sep 16, 11:00 AM

I tried to dip buy it off of morning high’s, good trade to you!!

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timothysykes

$878 profit JZZI Long Stock

Entry comments: Bought this former runner that's spiking big with news, goal is to sell in the .02s, could b e fast, shoulda bought this at the open

Exit comments: Nice little winner, coulda woulda shoulda bought this from the open instead of boring old SFOR, but at least I recovered and got a good chunk of this move, now its a potential dip buy into any big morning panic, thank you STT Breaking News as always for the head's up

Received 5 Karmas
Jazzy79
Jazzy79 Sep 16, 12:04 PM

@timothysykes Did this alert come from the news tab in STT or the chat tab? The Chat is an add on feature?

tupuad
tupuad Sep 16, 4:57 PM

Thanks Tim, Good discipline.

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timothysykes

$742 profit JZZI Long Stock

Entry comments: One last dip buy try here as it looks to have slid support i the .08s and .09s and its down from the .16s, I'd love a bounce back to the .11s or .12s thats its

Exit comments: Zzzzzz, no bounce despite lots of b ig buyers on the bid, out for small profits, I won't overstay since this is up so much on the day, pretty crazy how much I underestimated it and now have over-estimated it twice so I gotta learn

Received 5 Karmas
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