The more I know, the more I don't know - green day/FGD/WORG/panic dip buy/#5

Downsized a bit, one because I felt some bad habbits starting to creep back, and two because it's such a scam company. Definitely woke up at 4am to for fear of an offering

Decided not to trade last Friday because of the string of losses and have decided to take all of next week off and come back strong November 1st. Trading is a lot more than just having a good strategy. The last couple weeks have been user error’s with me specifically. Although I don’t use a lot of Tim’s strategies- the mentality he has is important to listen to. PROTECT your gains. Don’t trade setups that are not As or at least Bs (since I scalp more). Do NOT get greedy. I got used to the 10k days and wanted more and more and more to the point it got uncomfortable and I was risking more / taking on setups I shouldn’t. I got careless this past week with a SPAC play and a sister stock- didn’t look at all of the news and was quick to get in. DO NOT get complacent. Always remember where you came from- when 1k a day was awesome and 3k a day etc and remember the things trading allows you to do. You can make money (a lot of money!) from your home and in just a few hours a day. It’s truly an amazing thing. I am coming back in November with a green light, yellow light, red light mindset. Everyday starts with a green light- go make your minimum profit goals safely, then yellow light goes on where there’s no need to trade the rest of the day unless the setup is an A. Then red light is after 5:00 pm no trading ever and red light when I’m busy with other things and not 100% engaged with trading. I think this is going to help me grow consistently again and safely moving forward!

BIG FINDING: As you all know I am a short seller but I get in and out and average up on my trades many times (intentionally) and cover on the first large dip/snap. That is very general but you get the gist. I ran all of my numbers on every trade I have held overnight for the past 6 months and found out I am down $144k on them. I also found that if I would have covered every one of them the next day at the low of day I would only have been down 42k on these swings and if i covered at the absolute high of day the second day (would be better of course) I would have lost 140k. This means that even though I am winning 81% of my swing trades after getting squeezed there is absolutely no reason to swing them more than a second day. You get out for the loss and move on. My 19% of losses get too big when I am getting squeezed and it mentally drains me along with taking up buying power. Overall - no holding more than a second day unless I am 99% confident on it. One other note: growing parabolic can be stressful. You continue to size up more and more for percentage of account but of recent I got uncomfortable with some of my larger position sizes. Parabolic is great and I will continue to strive for that but I am toning it down a bit and focusing on consistency - less large random losses - and continuing the green days day in day out. This comes after getting squeezed on NXTP last week and a 52k loss on HX where i was stubborn (havent posted it yet). Good luck to all! Learn from me.

MONTHLY RECAP: 134.2K in profits. 247 wins and 12 losses on trades. Average win was 5.19% for the month. Lots of good things - keeping it rolling. REMEMBER: if you do the exact same trades.... and have an average position size of 5% of your accounts value, win 90% of your trades, wins being 5% and losses being 5%, and trade 200 times per month... your account will grow 40% MONTHLY. It is insane. This is my goal every month and I have not been perfect but I have grown 32% per month for 7 months this year. This is how an account grows parabolic. We will see based on market conditions, my personal trading, and shares available how long I can keep this going.

OTHER COMMENTS AND NOTES: 1. Should never take full position size like that on front side of move or even on a first green day stock. Also, the risk is based off of 10000 shares. keep in mind a position size like that means that it is an A+ set up for me with solid tight risk. on average i am taking 5000 share positions.

@trader_atx just became a fully transparent trader today!