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Do not keep a trade that is at a loss. Just admit you’re wrong, at least for now, and cut it. Either original premise of a trade or time of operating is wrong. This is what creates even bigger losses or turns you into involuntary long term investor. Neither are good for account growth or mental...

Took 50-100% profits on a few longs into strength, closed couple at b/e, if they don't get lifted up in this market - no point in keeping. Keeping a few that took off exactly as expected but didn't hit their targets yet. Also long TMF and SOXL.

Will do :) Are you planning to keep those investments forever though? What’s the general idea after the entry?

Do you have defined exit for those? Rallies are amazing while they last.

Good video on what makes an "average good institutional trader"

It did look like a special occasion and staying up thru Asian/London session paid off thru aversion of losses on big short positions. When that intra-day 10$ gap up happened in ES after selling off - closed remainig shorts and loaded up on beaten up big names that's been selling off hard last...

I was short few thousands CAT once, now I know what it's called. Next Tue Powel speaks, if you're in a rush to get SH maybe do it just before then. We might rally from here till next Fed decision though. Market aint' buying recession with unemployment down to 3.5% Thanks for KORU. Put it on...

It certainly did look premature to be short of. I shorted DE because of same reasons as you said. But now that it gotten back so fast it doesn’t seem to be time to be short of individuals in general. Maybe later. Too much RS

Ok, London agrees with US sentiment for now. Back to short with some more and to sleep. Alarm is set on ES re-entry of 3841$

Oh boy. This looks like gonna be a long night. ES seems like a bear trap. Flipped on it for now.

General market chart formed an unusual pattern. Whichever way it breaks out of last two weeks range it will be a big move. Don’t think I’ve seen both VIX and SPY simultaneously form triangles on a daily in a long time. Dan Zanger thinks it’s a bear flag.. Employment data comes out tomorrow 1h...

China wow.. Took profits on the index. Still long their individual stocks.

Right, shorting is a bear market is not a sure way to make $. There is opportunity cost related to shorting the wrong stuff, namely exhibiting high relative strenght to the market. Conditions make it unlikely to lose a bunch unless the entry is entirely random and then stuck to a large...

Few individual stocks I've been short of, including DE didn't look like they supposed to look to confirm bearish case coming into next week so closed them. Still keeping a sizable short of semis and a general market, those would need either (a) fundamental conditions to change to trigger exits...

This is the end of this journal and I will request to lock it. Thank you everyone for your kind words over the years. This is my new journal and I am currently 1mil short in equities.

I ended up putting ~1/3 mil short on industrials yesterday via DE (weaker one of those 2). Their tape started looking weak and not buying into their bull story. Who will want them ~ATH when there are plenty of bargains 90% down to fuel bull rallies, which is exactly the kinda stuff that went up...

Engine is not firing right for a bull rally. Out of my small longs positions

There is time for everything. Including the farm.

For a long term investments we’re getting into some deals territory. DOCU, DDOG in tech are leaders in their industries, down 80-90%, running cash flow neutral at this point. TSLA is profitable at more down to earth valuation now than ever, being essentially the only EV company. I gotten some...