Ok, this post has nothing to do with trading directly – as you can see it’s in the “Misc” category.

Have you ever wanted something really, really bad but once you accomplished that particular goal you were left feeling quite empty?

It happened to me numerous occasions.

I believe what we want is not a certain thing; a car, a  house, an x amount of money, a title or an accomplishment that defines success but a certain feeling.

So, we are striving for the wrong “things”.

What we ultimately want is to “FEEL GOOD”. Period.

We want to be at peace with ALL.

There is no person on planet Earth that does not want peace.

On the other hand, every failure (which is hard to define because as Shakespeare stated : “Nothing is good or bad but thinking makes it so.”) carries with itself an equal success.

If you fail to do accomplish something that’s not failure, you simple learned what is not working and you need to make adjustments in order to get on the right track.

Did you know that an airplane is about 90% off course. That means the pilots have to almost constantly adjust in order to get to the final destination.

So, the message is the following.

You don’t need anything to be at peace right now. Let me repeat that :

YOU CAN BE AT PEACE RIGHT NOW!

“Folks are usually about as happy as they make their minds up to be.” 
― Abraham Lincoln

And the way you do that is you elevate the level of your awareness, your degree of presence.

You’re power is in the now.

Time (future and past) brings suffering. – as Buddhist pointed out thousands of years ago.

Be more present and you will see how success and failures are only illusions of our personal perspectives.

 

Share

{ 0 comments }

Decent Screw Up on $NETE – Size Matters

by akos on November 23, 2014

$NETE – A story of a short squeeze?

As of lately I try to go short more and more and go long less and less, let alone tying to gap something into the EOD.

I take full responsibility for this trade (and all the trades). In our chat room there are great tickers but of course you gotta know how to play ‘em too. 

On the 20th of Nov. I went long $NETE when it seemed to have a decent close. I traded $NETE a little bit like a jump, but oh well at least I’ve learned something.

Please Click on Pic to Blow it up!

$NETE

 

So here is the run down how it happened:

I didn’t really scaled in, just bought x amount of shares at 1.78 when I saw it was starting to perk on volume. It was testing HOD at the EOD run but failed to break it.

I actually wanted it not to break it, thinking that would potentially make the morning tighter so it would pop bigger at the open due to anticipation. (Check the volume at EOD).

Friday, pre-market that volume started to concern me because there was a huge anticipation for a gap (but when there is no gap up, buyers from the previous day want OUT! So when this junk dipped below 1.70 I got scared thinking that if it doesn’t hold support at 1.65 and then at 1.60 it is going to flush to 1.4.

I asked myself: Would I buy this thing here right now? – The answer was a definite HELL NO!

It was testing support but never broke it. Regardless, I got out at 1.72.

And guess what! 2 minutes later it ripped to 1.85. Aughhhhhhhhhhhhhhhhhh! Screw me! Talk about timing.

I would have in that big spike to 2.10 into the giant volume spike. I could have made .30 on  a share instead closed my position with a loss of .06 per share.

The lesson

Size matters.  Had I have smaller size I would not have been shaken out like that. Instead of going full size, try to size in, which means going either 1/2, 1/3 or 1/4 at first  and if the trade is working in your favor you add to the position.

Add to winners.

I hope you learned from my mistake.

If you like the post please share and comment.

Share

{ 0 comments }

$CANF Case Study – Shorting Too Early

November 18, 2014

All right……. One of the heavy hitters in our chat room shorted $CANF very early and played it bad a bit.   Click to enlarge! So the dude shorted at 3.81  on 19th hopping that it would crack just like it did the day before. I guess he was hoping the main crack at 3.50 […]

Share
Read the full article →

Why Daytrade Subs?

July 28, 2014

The main reason I daytrade is because I love the freedom that comes with it. Besides where else can you make a grand in one day on a 3k investment? Yep, it can happen even if you are new. But of course the more experience you have the better you’re off.   That what you […]

Share
Read the full article →

What the CEO of $USTC Told Me…….

July 18, 2014

I know, $USTC right? Many people lost big when in May it failed to break .004 and hit rock bottom hard tanking to .0003 just in 7 trading days. Ouch! I made some money on it then I lost it…………ALL. I cannot believe that this thing traded at .004 just a couple of weeks ago………..:) […]

Share
Read the full article →

How to Start a Trading Blog

July 17, 2014

How to Start a Trading Blog for Dummies Well…….it is pretty simple. You just do it. Period. If you really want to do something you find a way. You don’t think about it, you just take action. You set up a blog and you start blogging. End of story. I know you might have expected […]

Share
Read the full article →

The World is As YOU ARE

July 15, 2014

Not much going on at OTC land so I have some time to kill…why not put out another “spiritual” post. I don’t really like the word spiritual.  I don’t know about you but for me, I can’t help buy associate weird looking people with it in home made turtle necks. Anyway… The World is As […]

Share
Read the full article →

All Unhappiness is Caused by Comparison

July 14, 2014

All Unhappiness is Caused by Comparison Think about that for a second………. Have you ever had a day where everything was going very, very well. You felt you could conquer the whole world and then one moment you started comparing yourself to somebody who “had it better” and all of the sudden all you confidence and […]

Share
Read the full article →

I Can’t Afford to Learn! WTF??

June 3, 2014

That’s one of the most ignorant statements in the trading world……….ever. Many times I’m being asked what the minimum trading account should be that one could start trading with, and what resource I recommend. Here it is: Start small, 2-5k and use Suretrader. – Even though I think they suck as far as their customer […]

Share
Read the full article →

$MINE Case Study – How I Play Dip on Daily Chart

May 30, 2014

$MINE – Buying Dips On Tuesday spiked to .0197 then from that  point on it was downward spiral for 2 days.   Please click on pic to blow it up!    Then it put in a double bottom at .0165 on Thursday so you know that’s where your risk is, if it breaks that level […]

Share
Read the full article →