iBankCoin
Joined Nov 29, 2008
329 Blog Posts

Knowing When to Chill Out

That’s right. Chilling the F*** out. After making 2 trades today, I realized that today was just gonna be “one of those doji days”. In fact, that’s what happened. I was in the city (DC) for the afternoon, realizing that my time is best suited elsewhere. There’s no point in wasting your time on a day where you know you will not make big-d**ked gains. (I am making an effort to stop cussing on the internets).

Realizing when to take the day off is just as important as realizing when you have to be 100% committed to a day. Do not waste your time. Maximize your opportunities. Think about it – my mantra is “to make the most amount of money in the shortest period of time”. I cannot do that in this environment, especially with the lack of follow-through that I have been stressing for weeks now. The thing is, you never know when you will get that huge, epic day. It just comes, and BAM! you take home a double-digit total portfolio gain. Just like that.

I have yet to see the intra-daytrading environment improve. Therefore, I will continue to test out certain trades until the moment is imminent. It will improve when you least expect it and the question is, “Are you ready and prepared for it?” Stay vigilant, traders. Never lose focus toward your goal in making a F***ing killing. That’s how we roll.

Bottom line: don’t trade like a clueless idiot.

spx3dspx7

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37 comments

  1. DannyCali

    AIG moving

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  2. The Chart Addict

    Bought $NLST 5.53/54

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  3. The Chart Addict

    Sold half $NLST 5.61/62

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  4. The Chart Addict

    Sold 1/4 $NLST 5.73/72

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  5. Purdy

    TSL at 44.52

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  6. The Chart Addict

    Sold last 1/4 $NLST 5.8101

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  7. Purdy

    Long a bunch of AUY nov 13 puts at .22

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  8. The Chart Addict

    Bought small $NLST 5.83

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  9. The Chart Addict

    Sold $NLST 5.75 – exhausted

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  10. DannyCali

    AENY is slow going back

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  11. DannyCali

    AENY bounce back really nice

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  12. DannyCali

    EDZ

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  13. Purdy

    NTAP at 30.81

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  14. Ross

    AENY @2.75

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  15. Terry

    NTAP

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  16. Purdy

    SOLF

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  17. Terry

    go go go AENY

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  18. DannyCali

    PARD

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  19. DannyCali

    NLST moving again

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  20. The Chart Addict

    Bought $CSIQ 21.72

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  21. Slick

    HW

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  22. The Chart Addict

    Sold $CSIQ 21.72 b/e

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  23. DannyCali

    TCK break out

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  24. DannyCali

    STP break out

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  25. The Chart Addict

    scalping $STP

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  26. Slick

    stp

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  27. The Chart Addict

    lol good eyes

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  28. DannyCali

    NLST again

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  29. DannyCali

    your blog didn’t work on auto refresh by Mozzila

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  30. DannyCali

    OK it’s working now but it’s always at the end. I have to scroll up to see the comments

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  31. DannyCali

    TSL

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  32. DannyCali

    TTIL

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  33. DannyCali

    AIG movingggg

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  34. Purdy

    Dragonfly doji followed by a spinning top with its entire body below yesterday’s range. What are your thoughts?

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      potential bullish tri-star accepting that spinning top as a doji

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