PG&E stock: Balls of steel stock play

[trader99]

NO.

You did what you did, and made your profits. NEVER EVER EVER go back in your mind, and on your charts, and think about the woulda' coulda' shoulda. It will DESTROY you as a trader. Trust me on that. Mmmkay?

I agree with you. But I had enough capital and leverage to make close to my entire annual salary in this one trade. Haha.

I know I could have lost it all too. Better to practice prudence and bet a reasonable amount of your capital.

 

[Overnight]

I agree with you. But I had enough capital and leverage to make close to my entire annual salary in this one trade. Haha.

I know I could have lost it all too. Better to practice prudence and bet a reasonable amount of your capital.

If you lost it all, you would not be so gay and shiny halo right now, now would you?

 

[trader99]

Finally a trade I made it to the top % gainer overnight on Finviz. hehe
View attachment 194720

Back in November I bought PCG and it was the top % gainer on Finviz.com. Today I had puts and PCG was the top % loser on Finviz.com.

 

[trader99]

You're definitely thinking about options in the right way by focusing on volatility. However put options on a stock that's going to approach zero are a special case where that might not be quite as applicable.

You are right! This is a special case! It's down another 9% pre-market. But I don't regret getting out yesterday.

 

[trader99]

did another ball of steel trade. Bought down there and flip out. Had I was more patient then I would made $4K. Only made $2K. All before going to work. LOL.

 

[peilthetraveler]

NO.

You did what you did, and made your profits. NEVER EVER EVER go back in your mind, and on your charts, and think about the woulda' coulda' shoulda. It will DESTROY you as a trader. Trust me on that. Mmmkay?

This is probably the best and also hardest advice for traders to accept. Woulda, coulda, shoulda activates the fear/greed gene and makes you trade on emotion next time. It builds and builds until you're dumping your entire account in OTM weeklies trying to "get back"

 

[trader99]

This is probably the best and also hardest advice for traders to accept. Woulda, coulda, shoulda activates the fear/greed gene and makes you trade on emotion next time. It builds and builds until you're dumping your entire account in OTM weeklies trying to "get back"

No, I am NOT that type of trader. I don't trade OTM weeklies. I wished I coulda,woulda sold at better prices. But then I move onto the next trade.

 

[murray t turtle]

While I did really really well, the lesson I've learned is I should have bet bigger. When the fundamentals(in this case horrible) and the technical(chart looks like hell!) then I should have loaded the boat. It would have made a substantial difference and I had capital to do it too...

From Market Wizard,

Soros has taught me that when you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig. It takes courage to ride a profit with huge leverage.

Stanley Druckenmiller

I could have made a serious killing today. There will be more opportunities. Lesson learned.

%%
He[SD] had a WSJ article written with a past FED member ,exhorting FED -NOT to raise rates, sounds like the FED stopped, looked listened.[Late 2018 or 2019]
I went back + read /reread his Jack Schwager article; very important, he had one of the best working records, as far as putting hours in, @ the bank.

And that's one reason he got promoted super fast.Also helped, Mr Stanley never though his boss was a kook ''because boss likd charts.'' Many in bank thought boss was a kook ,because he liked charts. LOL-LOL+ true.