I am triumph! I am a king on valentines day! My first real adult disciplined trade.
Okay so I’m up $45,000 so far in my WTVI trade and the candlesticks are extremely large hitting BB’s and for the past couple of days its been straight upward movement. I’m expecting some type of pullback but I could be wrong. I thought to myself it doesn’t matter if I’m wrong and the stock would of made me a millionaire or if the stock drops to nothing and I regret not selling. So I thought to myself what is $45,000 worth to me? Well the biggest thing that came to my mind is that its one years worth of full-time income at my current rank in the USCG. With that said I immediately got out a dice and said “if it rolls even I’m holding it and if it rolls odd then I’m selling it”. It rolled a five and odd number. I was asking God subconsciously what should I do even though I knew I should sell it. I thought this is the first time I would put greed aside and conquer victory early instead of at the last minute. I feel like I’ve grown up and gone on to second grade with this trade. I ended up selling WTVI at $.047 and made +$38k within the 6 business days I held it. I feel great. I’m not going to regret if the the stock moves higher and higher. $38k to me is a years worth of income, can pay off my car, half of my last mortgage, or use it for a better opportunity down the road. I believe WTVI traded a bit lower, but I don’t even care. To tell you the truth I don’t even want to look up the stock symbol for at least a week so it won’t get to me.
I was actually down -$3200 bucks in an AAPL option trade gone bad which will all expire today worthless. I was told Feb through May are the hardest months to trade and its true. I think what I’m best at is technical analysis, but even that doesn’t work well during these choppy times. Since this trade worked out and I didn’t get over greedy on this 900% + trade I survive another day in the traders world. My account has reached close to my May 07′ goal of $48,000 on my way to $1 million.
I’m not worried about $1 million anymore. I feel so good about just getting out of this trade and paying off my new car possibly in less than 6 months of buying it for $24,000. That my friend is power. I’m putting aside around $10,000 just for taxes and I plan to leave only $2000 in my account to start trading again instead of a higher number just so I dont’ get greedy and buy really big positions that will make me lose quicker.
I feel triumph, victorious, the king of valentines day, and I feel I finally made a real good trade because I was very right about the charts, right buy in price, company hype and selling before actual news comes out, and most of all not being greedy and selling out early.
cheers to me!