Had my worst day in over a year today. It really wasn’t pretty and will try to get mentally ready for tomorrow. Main takeaways are, even if you are convinced on moves, do NOT EVER allow yourself to size into things when they are going against you. That is the only way you can really hurt yourself, which I did more than one time today on a few names. Size can be great but your worst enemy sometimes. Anyways, tomorrow I might or might not trade, maybe even rest of the week. I tend to just make it worse in these situations but will give it a shot out the gate and that might determine that. Busy week either way so we will see.
GBTC – Bitcoin I think has bottom around here. Swinging this one for a while.
ETCG – I will likely buy some off the open.
CGC – Probably gap down and fail for two days near $40. Might take more puts.
CRON – Same as above, but with $10
TLRY – Same but $45
MPXEF – Nice ramp on this today. Hopefully gap and go, but no trade if retest on .65
AMD – …………. This smoked me today, so I will probably revenge trade it tomorrow.
RIOT – Took some after hours.
BLKCF – Likely add to this turd tomorrow.
BLOK – Bitcoin ETF
KOIN – Bitcoin ETF
Had a bad day as well, but it’s only a really bad day if you learn nothing form mistakes. You’re not alone.
Got smoked by AMD as well, had a manageable loss at around 26.7s closed my SS position, only to flip by bias and long the stock as it began to tank toward low 25s. Worst trade for me in about a year too. I should’ve just taken my loss on the SS trade and moved on, rather than try to long the stock given how over extended it is on the daily, specially not with size. Definitely gotta learn from this mistake and improve our trading.