1/
Best and worst and most memorable trades of 2020:
$TVIX short in March was my first $1M loss. It was also my first $1M gain a week later.
$KODK accidental fat finger halt halt halt $1.5M loss that got me into the Wall Street Journal, on the last page with David Beckham.
Best and worst and most memorable trades of 2020:
$TVIX short in March was my first $1M loss. It was also my first $1M gain a week later.
$KODK accidental fat finger halt halt halt $1.5M loss that got me into the Wall Street Journal, on the last page with David Beckham.
/2
My biggest losses every year are ALWAYS shorts. This is why I don't recommend anyone to short on the stream.
Can't really remember any big losses due to breaking rules or trading setups that were not mine.
My biggest losses every year are ALWAYS shorts. This is why I don't recommend anyone to short on the stream.
Can't really remember any big losses due to breaking rules or trading setups that were not mine.
/3
One of the biggest mistakes I made was being too bearish after the market bottomed in March and kept shorting some triple ETFs before I finally got my shit together and started buying 5-star long setups.
One of the biggest mistakes I made was being too bearish after the market bottomed in March and kept shorting some triple ETFs before I finally got my shit together and started buying 5-star long setups.
4/
Another mistake I made being agressive in buying some breakouts when the indices had already been up for weeks. I knew better but I was greedy.
My best trades this year (like every year before) were all losers.
Another mistake I made being agressive in buying some breakouts when the indices had already been up for weeks. I knew better but I was greedy.
My best trades this year (like every year before) were all losers.
/5
A loss is not the same thing as a bad trade and a gain is not the same thing as a good trade. My best trades are always trades where I get stopped out for a loss before it became a bigger loss.
Now that's a good trade.
Love your stops, not your stocks as @DanZanger says.
A loss is not the same thing as a bad trade and a gain is not the same thing as a good trade. My best trades are always trades where I get stopped out for a loss before it became a bigger loss.
Now that's a good trade.
Love your stops, not your stocks as @DanZanger says.
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