running money - 35% a year

Thoughts on BARR1C

I didn't see an entry yesterday or today, sure price stormed up like a lunatic, but I did not see *my* pricing pattern, If I don't see it, I don't care how wild price rallies or how far it goes. This is the difference between my trading and other traders Just because I know its going up, I still can't enter it, unless I see my pricing pattern, which is the lowest risk possible for entry.

If I randomly entered something I think would go up, my risk would tentiply to 2% even. Thats a lot of risk for a sizable capital.


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In the end barric did a total reversal of +3% to +0.03% , it almost looked like a short squeeze pattern which is not a valid buy pattern to me.
 
current status = in executive board

relatively happy with the position.

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whats interesting is how many mistakes you can find with a "chart pattern" AFTER you put money down on the trade compared to BEFORE you put money down on the trade. Before it looks fine and dandy, once it starts losing money, I take another look at the chart, it looks ugly as hell.

Ugly as hell = close out position.
 
theres this relatively placate feeling you get when a position is fine for betting,
If you don't get this calm feeling, remove position,
I get this calm feeling with my current position, so its all good in the hood.

What does the calm feeling tell me? There are no mistakes with this trade.
 
I did lose $1k or so with Coinst rz today ,
could have lost more though :D
Losses are part of the betting process.


The only mistake in a loss, is a big loss. We don't allow that to happen here.
 
trade mistake with Coin stock,

a) Traded the stock when it hit a certain price (value), which is a bad strategy, because if price goes beneath the price, then the trade is wrong.
I knew this, but forgot it on this particular trade, ( wasn't thinking straight , but exited the trade a few hours after)
b) patterns are the only sure way to trade.
c) I re-entered COIN after seeing my pattern @
.80 or so , small size a few hundred shares, but its worth menitoning, how I 'm much more accurate trading off of patterns Versus off price on the same stock :)



No other mistakes, other then that one, which cost about $1k, Lets see how the other position works out on monday.
 
today marks my fundamental breakthrough of

(YEARLY NET EPS / STOCK SHAREPRICE) EarningsGrowth% = cap

let it be known. I've known this early on since i've been real estate investing for a decade, but for some reason the mentality never ported with me over to stocks, maybe because i approachd it from a pure timing technical perspective in stock trading. It was hard to grasp the fundamentals when the fundamentals were all overvalued for 5-8 years beyond. I'm glad i did because with timing + fundamental value. My fundamental analysis, should allow an even more extreme confidence in position size, and longer term view of the markets.


I am one dangerous mofo. 100 million in 10 years.
 
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