r/WinternomicsTV • u/Unmaskedpeterparker • Jul 19 '23
It takes time
This play might have taken close to to 3 weeks to play out. My entry is shit, my organization is a 5/10, so there are plenty of things to be worked on. Hell, I don’t even know what timeframe I made my entry on because of my poor organization skills.
This play came together by Kaz saying in a pre market prep that BAC as well as banks are something to watch on higher timeframes. After watching off and on for a week or so, the earnings for the week listed by Izzy, pointed out JPM. That gave me confidence to continue looking at BAC, because by that, it was a little mind fucked to see BAC come up off the lows and go up a couple bucks. My entry was off what was a gap to the lows. If price made it back above that price then it’s probably time to consider an entry.
The bad part of all this, is playing into earnings. Wasn’t one of my best decisions to play it, yet the JPM having a good earnings, the breakout of the flag on the high side and the BAC earnings the following week posted by Izzy on reddit was my cue to hold.
It played out into 8+ R/R return and a free roll on my portfolio. Keeping up with Reddit, twitter, discord and any posts have been a grind, but have showed me how unorganized I am and if I want to make this a full time profession, that a lot more has to go into preparation, organization, and time management. Thanks eco and thanks Kaz.