2024/04/16 est - Realised Day Trades Short & Long $NVDA; Short $ SMCI
Realised day trades: Net loss -1284 USD.
Despite threats of escalation of conflict in the Middle East, the market seems very strong.
Executed 3 trades on $NVIDIA (NVDA.US)$: 1 loss, 2 wins. Additionally, last minutes despite telling myself to let it go, as it was too strong a bull to short, still went to short $Super Micro Computer (SMCI.US)$ resulted in a loss. An impulsive decision against my better judgment due to a sudden bullish sentiment on $Super Micro Computer (SMCI.US)$ influenced by an unexpected analyst opinion, which led to losses. This China man analyst, likely having a vested interest.
From a winning position of +$488 USD on NVDA trades to a loss of -$1772 USD on SMCI.
Today, market makers and day traders manipulated prices just before Powell's speech, trapping many traders, as usual.
The current market environment is unsuitable for swing or long term investor as they are usually too slow to be flexible to change direction.
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official_t_atelier : good to see someone own up to their losses and post them instead of only showing their winning trades
protraderxOP official_t_atelier: For those whose character tends to view others' sharing in a negative angle (not directed at you), common observation in comments on mine and others' posts I see in public postings:
Publicly posting of realized trades serves as self-accountability, while trade recaps aid personal development by allowing me to learn from mistakes, documented in a trade journal for reflection, irrespective of the outcome. I encourage everyone to maintain a trade journal for reviewing past trades, both mistakes and good trades. To share or not is entirely up to the individual; they don't owe us a living.
There was never any intent to show off. Only realized trades are shared; what's not realized isn't ours, yet.
A challenge for all traders lies in learning the process. Monetary gains but bad decision making process are nothing to cheer about.
Seek a system that aligns with individual trading styles and timeframes. This is a long and difficult journey. We should be thankful to people who willingly share their thoughts and journey. Negative characters that tried to cast negativity to your sharing usually can't learn anything due to their closed mind. Their remarks or reactions say a lot whether they can become profitable or not. No need to entertain them. Just block them immediately.
Also, we have to stop asking people for tips. What works for him not necessarily will work for us because our emotions and risk appetite are different. This is a self-discovery arduous journey. No one can hold our hands spoon feeding us. Have you ever seen a child learn to ride a bicycle with the 3rd and 4th wheel at the rear? The child has to take risks and fall or injure to learn.