The Super Terrific Happy Hour
- Thread starter Max E.
- Start date
Well guys, i always post the good and bad, and this afternoon was just disgusting, i literally want to put a gun in my mouth and blow my fucking brains out cause im the stupidest trader in history. I managed to remain disciplined all week, and took advantage of my only shot, crushed it, then for some reason had it in my head i had to make more, or make some money back, or whatever, just stupid logic, i lost my wits, and ended up doing very dumb things.
I was up 3500 bucks a half an hour into the day, i crushed it, but instead i decided i wanted more and i fought shit that wasnt there, and bled off like 1400 bucks from CARA, but then just to fully solidify the fact that im a degenerate, i decided to start shorting PTLA, thankfully that disaster only cost me another 300 bucks, but there was one point i had lost my entire day, i punched out of half at the dead top,, luckily the blue aRRow before the dead top was me cutting myself in half before i even got to the top and cut myself in half again......... and then punched out of the rest for a nothing profit, and now its exactly where my first exit was going to be, 53.91. I got cut to pieces acting like a donkey, i was trying to make more money for some reason when i should have just been happy with the day right off the bat.
The 2k i kissed off trying to prove im a genius would have bought alot of hookers and blow.
All i can say on PTLA is even though it did what i wanted that could have turned into a fucking train wreck and there was just no reason to do it, just very stupid. Its frustrating having to go into a weekend like this. 
It all started with just a couple hundred shares but i chased it at the bottom, and convinced myself it was cracking right there, and that turned into what would have been a fucking train wreck....... very frustrating....... Just a total lack of discipline today after the open, should have went golfing, lol.
If you look at the blue arrow at the top that was me cutting myself in half but the two red arrows where i shorted way lower, i had my position up to 1400 shares, all because i thought i "knew" it was breaking down there, if that went against me i would have went from +3500 to -5k...... would have had to become an internet stock picking guru like Tim Sykes at that point.
I was up 3500 bucks a half an hour into the day, i crushed it, but instead i decided i wanted more and i fought shit that wasnt there, and bled off like 1400 bucks from CARA, but then just to fully solidify the fact that im a degenerate, i decided to start shorting PTLA, thankfully that disaster only cost me another 300 bucks, but there was one point i had lost my entire day, i punched out of half at the dead top,, luckily the blue aRRow before the dead top was me cutting myself in half before i even got to the top and cut myself in half again......... and then punched out of the rest for a nothing profit, and now its exactly where my first exit was going to be, 53.91. I got cut to pieces acting like a donkey, i was trying to make more money for some reason when i should have just been happy with the day right off the bat.
The 2k i kissed off trying to prove im a genius would have bought alot of hookers and blow.
All i can say on PTLA is even though it did what i wanted that could have turned into a fucking train wreck and there was just no reason to do it, just very stupid. Its frustrating having to go into a weekend like this. It all started with just a couple hundred shares but i chased it at the bottom, and convinced myself it was cracking right there, and that turned into what would have been a fucking train wreck....... very frustrating....... Just a total lack of discipline today after the open, should have went golfing, lol.
If you look at the blue arrow at the top that was me cutting myself in half but the two red arrows where i shorted way lower, i had my position up to 1400 shares, all because i thought i "knew" it was breaking down there, if that went against me i would have went from +3500 to -5k...... would have had to become an internet stock picking guru like Tim Sykes at that point.
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Well i promised myself i wouldnt do something dumb, but the friday afternoon short squeeze on the ES in this kind of environment is pretty reliable, bought 4 contracts at first, dumped it for a 1 point loss, then when i saw it was holding and absorbing the bottom i started out with another two contracts, and pieced my way up to six.
If i eliminated the stupid trades today that didnt make sense would have finished up 4500 instead 2100 because im an idiot who chases garbage. CARA did what i thought but it had already beaten me to badly at that point, i think the lesson i could learn from that is that stocks arent going to have snap back moves mid day in this environment, i was probably expecting too much, too late in the afternoon.
Took a bath on PTLA, just a stupid revenge trade, lucky it wasnt alot worse.
Then Crushed the ES, bought 4 contracts thinking support would hold then dumped when it didnt for a 1 point loser, then when i saw the bottom was holding added six more contracts back, and sold it somewhat close to the top, thats a very predictable trade, friday afternoon short squeeze on the ES was almost automatic today.
If i eliminated the stupid trades today that didnt make sense would have finished up 4500 instead 2100 because im an idiot who chases garbage. CARA did what i thought but it had already beaten me to badly at that point, i think the lesson i could learn from that is that stocks arent going to have snap back moves mid day in this environment, i was probably expecting too much, too late in the afternoon.
Took a bath on PTLA, just a stupid revenge trade, lucky it wasnt alot worse.
Then Crushed the ES, bought 4 contracts thinking support would hold then dumped when it didnt for a 1 point loser, then when i saw the bottom was holding added six more contracts back, and sold it somewhat close to the top, thats a very predictable trade, friday afternoon short squeeze on the ES was almost automatic today.
Yeah i been looking at CAR too, not doing anything with it yet though, according to IB only 14% of the float short, i like to see that in the 25%+ range, but it will still help fuel the rise if it gets going.
I'm showing north of 32% short. 9.4 days to cover.
NASDAQ data seems to agree. http://www.nasdaq.com/symbol/car/short-interest