Each day I commit the same mistakes and today I am finally going to learn. I sell the open like a champion, only to get lured back in because stocks always looks so good to me. I want to be lied to, dream the dream, capture the BIG MOVE and be a BIG BOY in a small pond. Alas and this goes without saying, more often than not I am bled out like a zebra on the dry grass, left for dead until I limp away back into cash and reserve my energy for the final half hour.
I am +1% for the session and there are many many stocks providing me with FOMO — shit like LIDR and MNDY — but I shall not look at them for too long otherwise they might hypnotize me.
If forced to take a position, I’d tell you we’re due for a sell off. We’re due for a sell off, not because stocks are bad, but because we’re due for a sell off.
My position will be clear into the closing hour. Small size and hedged, attempting to add onto present gains but not in a greedy way.
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