End of Day Wrap Up 02/23/2021
Happy Tuesday everyone! Today was a very bloody market day. I was down roughly -20-25% in most of my positions, so it was quite painful on my end. None of my orders were getting filled the first hour from 6:30am-7:30am (when it matters). I was quite disheartened that I was unable to buy up the bottoms. I wasn’t able to get my orders filled until after 7:30am. It almost felt like someone decided “let’s push this crash button and block buys *evil laugh.*” This was the second time this has happened to me, so I’m quite agitated inside.
Don’t Have a Cow Man, Literally
I downed two cups of coffee, sat outside on my back patio since I was unable to buy anything. Then, out of the corner of my eye I see my neighbor’s cow stick its head under my fence to eat my pretty green grass, only to break the fence, and run free. My older neighbors came out, and my other neighbors, a younger couple, ran out to help stop the cow. I just sat there telling myself “is this really happening right now or am I dreaming?”
After the cow was contained, and the fence situation was sorted out with the neighbors, I came inside to look at the mess on my computer screens. One person tweeted to me upset about OCGN being down, same as last year. I was pretty annoyed because I’m down too.. it’s not like I sold, and I’m not hurting the same. I have a huge stake so it’s beyond painful for me.
I sucked up all the pain I felt inside, and pushed myself to tweet and be the cheerleader others needed. This was more important to me than the money I’m down, especially when so many mention me to tell me they’ve been looking forward to my positive encouragement to get them through a bloody day or to tell me they hope I’m proud of them for buying dips all day. I, indeed, am proud beyond words. So proud that I wanted to make a video for everyone. “After every storm, there’s a rainbow.”
What to Watch for Tomorrow
I will be watching for *hopefully* a rebound at this point since 95% of the positions on my watch list were all red. I plan at scaling my positions back to protect my profits in my current positions. I still plan on holding my positions, I’ll merely be reducing them. If you had a rough day, know it’ll be okay. I had a pretty bad day overall, I was honestly dying inside, but I refuse to give in. I’ll just work harder to regain my profits. I know there will be a brighter green day in the future so I’ll continue to remain optimistic. I send you all positive vibes, and may your accounts make a comeback that’s much greater than the ugly red days we’ve had over the last month.
How to Utilize My Positions List Below
Many ask how to utilize my top 10 green/red position lists below. Oftentimes, I will exit my green swing positions if it looks like there will be no continuation. My decision varies depending on what my cost price is. It’s all about managing risks, and if it looks like I’ll be in a position where, I’ll be down, I won’t hold, and will choose to reposition myself by accumulating dips on red days over a period of time until it’s ready for the next run.
To Buy On Green Days or Not
I will add to my green positions on green days only if it’s moving in the direction I like and forming higher lows, and showing a bullish chart. I make sure to scale when adding, especially on green days, because it can go south quickly.
To Buy on Red Days or Not
I will almost always accumulate my red positions because they usually move back up, unless it’s a clear pump and dump, which I will never swing because it’s too risky. If there are sharp spikes and a quick drop down, then it’s a clear pump and dump. If the chart slowly drops in price throughout the day, then that’s usually people taking profits. To make the call on re-entering or accumulating, I look at the 5D, 10D, 30D, 90D, 180D charts and I monitor the volume. I love adding when there’s little to no volume when setting up long swings.
Top 10 Green Positions (02/23/21):
Top 10 Red Positions (02/23/21):
I monitor Market Movers every single day to scan for new setups. I mainly look for positions with unusual volume that are at the bottom, ready for a reversal back up, or if they remain green, I look for a bullish chart for a continuation.
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