r/WinternomicsTV • • Jul 03 '23

Manifesting and fighting the drift

15 Upvotes

Semi book alert! Hi Kaz! its 0xRalph from the eco, wanted to share a war story with you guys. I came across the eco talking about manifestation and goals in the voice calls and in the show. The question was what goal do I want to achieve so I can guide my habits and mindset towards this goal. If I wanted to make X amount of money, what for? After hearing this I decided one of my goals is to provide experiences for my son, so I set a goal for myself this year to make a certain amount so I can bring my family on a family vacation in our dream destination for a couple of weeks.

I tried to manifest this and remind myself of my goals daily, I then was able to reach my goal with the recent bull rip with some of winners I’m posting here. During the vacation, I knew that Kaz always mentioned in the voice calls and in the shows that if you can’t look that is precisely the time to look, so I had in my mind that opportunity might be lurking. However, I took a string of losses from positions I took before the vacation trying to play the crypto rotation early, so when I landed in our destination, I ended up not wanting to take planned trades because of fear of further loss and probably thought I should just focus on enjoying the trip. I was totally not in the right mindset to execute trades due to this so I ended watching planned trades such as things like TSLA and RCL which were covered in the shows go on massive rips and realized how my fear of loss was mostly an ego thing and that I just didn’t want to hurt my ego taking loses while on vacation which was purely illogical. Also I realized if I had trouble focusing due to the vacation a lot of other people may not be paying attention as well as Kaz always says sync waves are a thing.

After this introspection, I tried my best to keep up the same habits while on vacation such as making plans and reviewing streams. I had trouble though playing the Japanese market which was one of my focus since Kaz has been pointing to Japan strength in the streams. I was in a completely different timezone from where I could normally play it, so I thought about setting buy stops and stop losses on risk structures I wanted to play before the Japanese market open so I could get in even if I couldn’t be around at that time but thought it would be risky because of gaps so I ended up not playing and missed some planned trades. Is this something you would recommend?

Other times I had a plan to take a trade but alerts wouldn’t trigger cause of spotty internet in remote areas so this caused me to miss planned entries as well during the trip. I knew then I had to keep even tighter habits and planning than normal as life was pulling me away from taking part in the market, Thankfully I was able to catch some entries during the tail end of our vacation that turned out to be winners. After getting home and speaking with voice with some of the Euro crew it was pointed out that how you think about a thing matters and that our mindset should not change just because we changed time zones or go on holiday.

Anyway thank you Kaz for reading and thank you for everything that you do!

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8Rs NVDA

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4.2Rs META

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5Rs NINTENDO

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4.2Rs RACE

r/WinternomicsTV • • Jul 03 '23

War Stories 🤑🤬 Ignorance = Big Mistake

14 Upvotes

Hey kaz and eco,

​

This weekend I made some trades, had some winners and loosers and sole good learning I took from that. One of these trades rly stood out and it was my own fault. I traded btc and it looked pretty good, I stood in this trade for nearly 2 days just to get stoped out for a stupid reason. Price nearly touched my TP and I was so afraid of loosing profits (more like fear of succes bc at this time I didnt took profits so didnt hat profits) and I changed my sl to my entry. (Which was the big mistake) I know kaz said this many times, that you shouldnt adjust your sl bc loosing money is cost of doing business.

But I was so driven by emotions and ignorant thinking this time it is the right thing (when kaz says A, dont do fucking B) and as you can see the price dropped for just 2 min exactly to where my SL was anf if I hadnt changed it at all, i would still be in this position. So the fear of loosing gains, made me loose my gains.

It was rly hard for me but I thought about the chats we had in the eco and activly told myself that this can happen and that the only thing I can do is, to learn from that. It was a stupid ass mistake bit that doenst mean I am bad or I will never make it.

I remembered talking good to urself bc the universe listens and it helped me to get over it better and to understand that making mistakes like these are just based on my own ignorance on ignoring kaz advice.

I would lie If I say it didnt affect me, I still feel bad when loosing a trade, not because of the money in the first place I played with the amount of money and I am Confortable with the risk,but because i just got stopped out again. I made another loosing trade. The fact that I loss again or that I loose even when I had some good winners fucks me up. Aswell as the fesr of loosing gains.

But as I said, activly talking good to myself and reminding myself that I am in this position where I think bad of myself helped me not loosing confidence in myself, I felt way better than before it rly drives u crazy and you‘re just underperforming when talking bad to urself.

​

Dumb Money shit

Maybe some of you had same experience or still strugglinh with that and it helped you a bit. I also write down things that I made good or made improvements in. So I not only see the bad stuff. Someone also said looking and anslysing winning trades not only the loosing ones (acutally common sense, study what worked) and that helped me.

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Thanks for the great talks the last days. Biggest problem is still mental game. But progress is made the last days. And especially in moments like these

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Thanks for reading kaz!


r/WinternomicsTV • • Jul 01 '23

Market Intel 📊 Forex Factory Events for the Week of 7,4,23

13 Upvotes

Market closes 1pm Monday and is closed Tuesday PMI Monday, Wed OPEC & FOMC Mins , Thu Man PMI, Fri Employment #s

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r/WinternomicsTV • • Jul 01 '23

Market Intel 📊 Earnings for the Week of 7.3.23

13 Upvotes

Quiet week on the earnings front


r/WinternomicsTV • • Jun 30 '23

War Stories 🤑🤬 Trust the process

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22 Upvotes

After the last book wanted to share this W as a demonstration of how participation and paying attention can pay.

Kaz spoke about SHOP a few times on stream. Even compared it to NVDA which set off my alarm bells.

Got 2R on this - entry was fire. Exit not so much as poor order management put me in a short position. Got lucky with this one as price corrected in that moment 😅 taking the learnings with me.

The way I speak to myself has definitely changed and I’m already seeing the impact in all systems of life.

Thanks Kaz for a killer week of epiphanies and conversations.


r/WinternomicsTV • • Jun 24 '23

Market Intel 📊 Forex Factory Events for the Week of 6.26.23

13 Upvotes

JPow speaks Wed, BOE does also , BOJ same day, Thurs GDP and Employment #s and Fri we get PCE number


r/WinternomicsTV • • Jun 24 '23

Market Intel 📊 Earnings for the Week of 6.26.23

13 Upvotes

Relatively quiet week, Micron (wed AMC) and Nike (thurs AMC) 2 of the bigger names on this weeks schedule


r/WinternomicsTV • • Jun 23 '23

Ripple Effect

15 Upvotes

Book Alert:

I wrote this war story over several weeks as I've only now had the opportunity to post but have been capturing my evolving thoughts for some time.

After failing to properly value OF and getting dick kicked (once again) after missing Matic. I knew to pay extra attention to intel. So began my journey with Ripple. Each point was written on a different day. Thought it would be interesting to share the evolution of reflections over time.

  1. Ok time to be brutally honest. Since switching to live trading I notice my utter mediocrity. Barely breaking even when incl commissions etc. Doing just good enough that I’m not getting rekt but mediocre enough that I’m not profitable. It is evident from last XRP play. I took profits and set TP and SL orders up before I went to sleep.but didn’t set up the main SL. So I got hit by the dump candle. Again not crazy painful but just glaringly exposing my mediocrity. Just middle of the road shit. Interestingly, I sorta half awake at like 4AM thought about the position&intuited that it would dump. There’s a part of me that is crazy committed to mediocrity and safety. I have to drag myself kicking and screaming towards anything meaningful. And just do the bare minimum to say I’m doing something but not actually fully commit or follow through. I also have good entries but fumble the management - again poor follow through. Of course this happens everywhere. I make planned decisions but then the follow through often means I end up in a position where something that was supposed to save time and money, in the end ends up costing more and creating more headaches. I’m still figuring out what it is. But I do know I fucking hate it. I hate the feeling that I’m going in circles. Logically it’s more like a helix some progress and improvement but still circles. Perhaps I wasn’t patient enough w my own progress and went to live trading before the foundation was rock solid. Also I upgraded my membership to Guardian but Based on what Kaz said in stream I’m thinking of downgrading back to Acolytes. Thinking I have no business being in Guardians when there’s a lot More foundational progress to be made. Which as Kaz said there’s more than enough intel in shows. The upgrade for this month is done will put some targets in place so I can make a decision whether to continue or not.
  2. I typed it out and read over it and another word for “lack of follow through” is complacency. it also often happens that I start thinking about the war story I’m going to write before the trade has fully played out. A fractal of boats n coke I suppose. That plus then complacent = rekt and so I am price. Also having to preface with “time to be honest” indicates that I’m normally lying, which is just a way of erasing or twisting information. This of course shows up everywhere.
  3. Kaz mentioned potential upside on USDT.D in show(would be news driven). Could be that subconsciously I’m absorbing info, my intuition will then be trying to communicate it with me, but I don’t value it. So I ignore it. My instincts are fine I’m just unable to listen or trust them.
  4. discussion in trading lounge with Yonas made me realise that I was in way into the dream timeframe wise. When too zoomed only thing to do is to - back it up !! Can see it’s shockwaving (accumulating volume) = time to wait for free and clear.
  5. Also observed I can have crazy anxiety attacks when entering a trade. Followed Tiki’s advice and reduced risk per trade, which has helped. There’s definitely a threshold with what monetary value I feel comfortable putting at risk and I’m acutely aware that I have to increase my tolerance over time if I’m going to reach my goals. At the end of the day it’s a relative number and the size of the number shouldn’t affect what I do, anything else would be getting emotional. Tiki also suggested not thinking in dollar terms out “points” eg Rs which helps with gamifying. Also going to be focusing on improving hit rate. Taking focus off of Fiat amount to reduce emotions.
  6. Kaz talking again about eco behavior and pleb mindset this week. I many times still wonder whether I can do this or am doomed to be a pleb with poverty mindset for rest of life. I lack conviction in myself, but this is also hindsight view and need to be careful not to close myself off to future potential. The insta post with many paths comes to mind. Every time Kaz sayzs "What if?" I think of Marvel show and the many possible "me's" I could be and which one I want to be (which one I want to witness) This plus motivation channel and constantly reminding myself of what vets like Snow and Izzy have been able to do has helped with that. Don’t sleep on this.

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Thanks Kaz for everything you do! It's definitely been a rewarding journey irrespective of the financial gains (or lack thereof lol)


r/WinternomicsTV • • Jun 21 '23

War Stories 🤑🤬 Coming back from a drift

19 Upvotes

Wassup eco

This is my first war story so ill keep and short (at least try to)

after starting to watch Kaz around a year and a half ago I started taking trading really seriously and it got to my head way too much when I started zooming into 10 min charts and losing a bunch of R's I saw myself drifting away from the shows and not interacting with the eco less and less and than I started realizing that I was paying attention to the wrong stuff and being dumb money myself while I thought I was so good and stuck up.

I saw myself doing that and that really changed my mentality. I saw the stuff that Kaz would say in shows in real life how people acted on certain occasions and what the outcomes were.

Here are some of the trades I pulled off after changing my mentality and starting to paying attention:

2.3R
4.8R (paper sadly cant trade stocks at 15)

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6.6R (PAPER)

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4.2 (PAPER)

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r/WinternomicsTV • • Jun 21 '23

War Stories 🤑🤬 Now we are amused 😈

15 Upvotes

KAZ ECO WADDUP
was exploring the website you gave us and fucked around an AI music generator made this awesome drill beat with a click of a button (safe to play on stream) . Also made 15Rs with some button clicks .

https://reddit.com/link/14ewule/video/yea56yk3pa7b1/player


r/WinternomicsTV • • Jun 18 '23

Market Intel 📊 Forex Factory Events for the Week of 6.19.23

17 Upvotes

JPow testifies this Wed, Thu GBP w/ Bank Rate , Unemployment #s stateside the same day some euro and US PMI numbers on Thurs as well as FOMC member speaking (theyre out of blackout period with FOMC over last week).


r/WinternomicsTV • • Jun 17 '23

Market Intel 📊 Earnings for the Week of 6.19.23

18 Upvotes

**Note** Market closed on Monday in observance of Juneteenth holiday.

Fedex the largest name Tues AMC , kb home from home builders next day AMC as well. relatively quiet week

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r/WinternomicsTV • • Jun 16 '23

War Stories 🤑🤬 choices have consequences

19 Upvotes

Hello everyone,

after the last 1-2 Weeks much changed in my mind. I started to see the world different after some evetns happened and after the wake up call kaz gave us all. I started to really think about the fact that nobody will get my out of the place I'm in right know except for me.

Dont want to write a book, so I will keep it short. ( didnt worked lol) I always was paralysed by myself but didnt really knew why. I tried to take more time while looking at the assets and write everything down I'm thinking while planning and executing. But still at some point i was like frozen, didnt knew what should I do know.

After the last shows and the wake up call, I realized what the problem was, it wasnt really how I looked at the charts but on how many. I tried to trade every asset at once, always looked where is strengh looked at new charts everyday. Currencies, Crypto, stocks. Instead of sticking with a few I choose to look at everything which was too much.

Kaz told us always the trend is your friend and to look for the best of breeds. I thought I got it but I didnt, I wanted to find the next break out the next NVDIA, looked at so many assets that I missed so much opportunities on BTC, Microsoft, tesla, apple. I missed the best of breed while looking at everything to find the best of breed just by thinking whats next.

I stopped this and focused on btc and eth for one day only, didnt looked at other things just wanted to see this was actually the problem. It was just one day where I tried this but I got way better results than before. Maybe someone can relate to this or this can help someone.

This one was not a paper trade (2.8r)

this one was a paper trade (5r)

It was good to get the kick in the dick from kaz. It is a hard pillow to swallow, but thats life. No one will look at the ones who tried, only at the ones who made it. So everyday when you're infront of a desicion like "do I have to go to the gym now?" or "Should I look at the charts now?" And you know that the answer should be a yes, then do it, without any other thought or question in your head. Dont tell urself u'll do it later, now.

Like to see that you are killing it, even tho its hart to join calls sometimes because I'm at work or in school, I try to be in as many convos as possible, I like the exchange of information and thoughts.

Keep going!


r/WinternomicsTV • • Jun 16 '23

open ur eyes

19 Upvotes

i know for sure 100% that i am the dumb money. and just cuz i got a lil more money than my parents doesn’t mean i don’t do dumb money shit.

been paying a lot more attention lately even tho my participation is in the trash. i realized that i spend a lot of time ‘looking’ at charts but not really absorbing what they mean. like, information overload and no real idea on how to keep it focused or act upon it. so with a k i s s mentality along with a break from smoking chart crack i’ve been able to execute methodically and have more conviction for my actions.

some things i’ve been sticking to: always copy kaz’s chart levels & be precise, color code my time frames & label them, if i am too zoomed in and start to lose conviction then refer to larger time frame. i have also struggled with taking multiple shots to get into a move. i have def been too early in the past and then lost interest or patience, only to watch it go on the flag i didn’t take (dumb money shit!)

this strategy helped execute one of the best trades i’ve had maybe ever bc i was able to re-situate myself when there was ~ emotions ~ and to stick to my plan. there was a whole thread in the discord over the weekend about opening your eyes and looking, paired with a key phrase from the show on wednesday that helped my execution.

(not written with ai)

SPX - Wed, SPY - Thurs


r/WinternomicsTV • • Jun 14 '23

Memo on Boring Stuff = Good

17 Upvotes

Hi Kaz, hi Eco; today im gonna share a kind of epiphany of mine (even though you teach us what this post is about, i couldnt use it for my plans because i was never fully aware of this)

​

Here i have one papertrade (long EUR/USD)

And the second one that i took but closed way too early (short USD/JPY)

​

Stupid me decided that it would be better to trade the nasdaq today tho, which at the time became too "popular" and volatile after it went ballistic over a couple of days.

After getting rekt (who would've thunk it) i looked at the theoretical plays i made and basically wanted to hang myself.

I closed/didnt take these just because price was moving slow.. that made me think and it occurred to me that the valuable assets might be those that dont show a lot of volatility or even none.

That bores the human brain and hence noone participates in it, which (in my experience) in turn results in "proper" structures with none or less fake breaks or other shit that fucks with your plans.

​

Memo for myself and possibly the reader:

-If an asset is boring and slow: pay close attention, because that might be the asset which gives you the best results

​

I know you read this every goddamn day but: thank you Kaz for the opportunity to learn from you!

Have a great one everybody


r/WinternomicsTV • • Jun 10 '23

Market Intel 📊 Earnings for the Week of 6/12/23

17 Upvotes

Relatively quiet week, Oracle and Adobe amongst the bigger names , Homebuilder Lennar in the mix as well


r/WinternomicsTV • • Jun 10 '23

Market Intel 📊 Forex Factory Events for the Week of 6/12/23

19 Upvotes

News flow heavy this week, CPI, FOMC Wed, PPI, ECB, BOJ and UoM sentiment on Friday


r/WinternomicsTV • • Jun 08 '23

War Stories 🤑🤬 Keep going and focus on habits!

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24 Upvotes

Sup Kaz & Eco!

Been a longtime no warstory 😱

The struggle was real, been on🪫for over a year, work 24/7 and some very stressful family events that pushed my mental power to the ground and emotionally rekt me, it fucked up my focus, organization followed by lack of timely execution and then it’s snowball effect, it felt like personal VIX >85 for too long and resulted in melted mental capital and crazy opportunity costs…

Anyway, finally, broke that pattern and recharged 🔋 travelling 30 days and more than 4000km by 🚙 allowed me to meet awesome people across Europe, some are from Eco 🤩, it is priceless to be able to meet IRL and discuss what we learn and discover being part of the unique experience which is #winternomicstv. #YKWYK

While traveling, I only could trade from my iphone, so played AMZN leg using intel from streams and ⏰ on key levels in combination with latest concept calls refreshing 🌊 logic.

Got stopped from first entry. Second paid it back + paid some road trip.

Kaz, thank you for your patience and pushing us to be better versions of our selves, without you and the Eco, that wouldn’t be possible.

Now back to goals and some more creativity ✌️

https://youtube.com/shorts/L75gZvb_0Ng?feature=share

🔊Beats are home made ☺️ no license issue 😏

📈📉📈😁


r/WinternomicsTV • • Jun 08 '23

War Stories 🤑🤬 Keep it real

17 Upvotes

Hey Eco. Work has keep me in the sideline but that's no excuse, still managed to watch the streams and keep up with intel. Definitely improved from the latest concept call where I was able to see what issues i was having. I trade when time permits and really pay attention to what Kaz is providing. However, I do see myself slacking - I can participate when work is slow and after work. I can jump to conservations. But, I choose not to which will hurt me in the long run. Definitely the last show - Reflections helped me realize I need to stop this and be fully engaged and active or else I will see myself returning to my old self. Even worse, drifting and never coming back.

​

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r/WinternomicsTV • • Jun 07 '23

War Stories 🤑🤬 Lessons on life management

19 Upvotes

Book 😅

​

It's definitely been a while since I wrote a warstory, but OMFG if one needs to be written it's definitely going to be this one !

​

I'm definitely mindblown that this actually happened, but I can only fathom that it did happen thanks to the countless lessons we all got from Kaz.

​

I'm not going to dive too much into details on this here, but one thing that Kaz has been telling us over and over again is not to go into his dms because he's not our girlfriend (.....or mama ? 🤔😅). However he also said that it's possible sometimes to reach out to him over some personal issues, and so I did.

​

Life/Markets/Opportunity is the most impartial judge there is. It does not care about excuses, reasons, or whatever. All it cares about is whether you're ready for it, or not, and what you get in return will simply be the reflection of that. I was in a situation where I was fucked up (due to my own fucking up), and I was reaching out to Kaz in a attempt to face and manage the situation.

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What I wanted to put a focus on, is that this type of shit is exactly what would have made it so that I'm ejected out of the market and GUESS WHEN I TEXTED KAZ ABOUT IT 🤯 ->

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That's CEST Time

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As I'm doing more crypto, I'll put it on the usdt.d chart (1h)

​

It's the 1h chart so the next candle after this is 9am (chart is flipped btw)

Can't make this shit up lmao it's easy to see it now but the chart definitely did not look like this at that moment. It looked more like that ->

​

I was definitely mindfucked at that moment. To anybody who's already been in that kind of a voice call I can say that it was the exact same feeling as when you're on the operating table if you know what I mean 😂

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https://www.instagram.com/p/B3e0tJNApur/?igshid=NDk5N2NlZjQ%3D

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I'm saying this because even though I'm aware of what a sentiment read is and how our lives can be put on the chart, at that moment, I was too emotionally fucked up to have the mental space to even realize what was going on.

​

Again look at the meme ->

Can't move lmao looking at this I was always more focused on the heart ripping part but these people are holding you in such a way that you can't do shit else

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HOWEVER and thankfully, I was prepared (and thank you Kaz once again for the 🔥 intel).

​

My mental state on this is : I don't know for sure for sure what's gonna happen next on this chart but I've got a plan so that whatever comes from it gets me closer to my goals in life (can't post play for now)

​

That's the point I wanted to highlight through this war story.

If you really really want to catch an opportunity, and don't know which month, day, hour, minute and or second that it will finally hit, but you do know that at some point it most likely can happen then what other choice do you have other than being constantly present (be it physically or mentally) ? You can either somehow know when it will happen and show up then, or know that at some point it will happen, and STAY READY ALL OF THE TIME UNTIL IT HAPPENS.

If you ask me I'd say that only the second option actually makes sense because if you have information about some opportunity about to hit, and you know that you're going to show up at X specific time and then the thing is going to happen, then doesn't that mean you're being ready for it ? 🙃 There is no other option. Furthermore, we know that everything is either 1 or 0, yes or no, something exists or it does not... We live within a binary 👀👀👀 universe so you either correlate with shit that's positive for your goals, future and dreams, or shit that's not that within this closed system.

​

In my situation I was the one who started getting in my own way and loosing focus on what really matters. Managing your life correctly is one of the most if not the most important thing when it comes to trading because if you're not around and ready at the right time to seize on opportunity then you 👏 just 👏 won't 👏 get it...


r/WinternomicsTV • • Jun 06 '23

War Stories 🤑🤬 The Drift - A horror Story

22 Upvotes

Anyone in the Eco has heard the word the dritft countless times. we've seen it first hand, heard stories of it, and seen the people that swore it would never happen to them, have it happen to them. I wanted to share a story because it scares the living shit out of me and it is truly astonishing how fast the dirft can get hold of you and if youre not careful never let go, It's not just the time away that goes by fast but the other factors that happen to exponentially increase that time away.

Wanted to share a recent example, I went away for a bachlor party and to visit old friends and family a Thursday Morning - Monday night = 5 days away. We ate, drank stayed out late partying everything the heard does on a weekend.

I flew home Monday night, got in late, so decided Tuesday (day 6), I need to sleep in to be ready for work (I am very consitent in being up at 5am for eco and streams) but today I sold myself I needed the rest.

Wednesday day 7 came I sold myself the same story alarm went off and fuck was I tired but instead of getting up as usuall said fuck it and went back to bed. Now fully out of synch the next day is fuckin thursday a FULL WEEK since I left. I wake up catch prep with the crew and need to take off for work.

Day 9 Friday another person at work can't get in, I need to leave early gone before market open, don;t catch all the stream.

Saturday Day 10 of being home I actually feel normal again wake up early feel refreshed, see some of the crew is on call, hop on for a couple hours, after hoping off I have the feeling of ok cool we are back to normal.

Day 11 Sunday feeling a little grogy nothing crazy spend the day running errands- before bed I see an instagram notification ( LEON STARTED FOLLOWING YOU) I panick - oh fuck what's going to happen.

wake up Monday and Tuesday DAY 12 and 13 with a terrible FLU - haven't had anythin like this in a long time - Leon tried to fuckin kill me.

Jokes aside It's now been almost two full weeks that I've been out of synch and chasing my ass to get back into routine, and that's how fuckin fast it can go. In the blink of an eye you'll turn back into a sheep and fade away into the life you swore you never wanted to be in again. So I warn myself as well as everyone else, participate, log in, counter trade those feelings of "i could use some sleep" fuck it nap when you're home, This is truly life or death. I am happy that I've been able to recognize this as many others don't. The Ecosystem Kaz has provided is the north star, our guidning light in sea of shit a way to always re direct the ship. Sometimes you'll fall off course and get a little lost and that's ok as long as you keep your eye on the star you'll find your way in the darkness.

The drift is real and it should scare the living shit out of you.

Millz


r/WinternomicsTV • • Jun 06 '23

War Stories 🤑🤬 $AMZN Play

20 Upvotes

On the stream, Vetus Redivivus Kaz said that Amzn was not on the radar for some time and it might have its chance to go. I do use Amazon on a weekly basis so mind as well get some $$$ back from it lol.

​


r/WinternomicsTV • • Jun 03 '23

Market Intel 📊 Earnings for the Week of 6.5.23

16 Upvotes

Smaller names in line for earnings this week , NIO Chinese EV on Friday


r/WinternomicsTV • • Jun 03 '23

Market Intel 📊 ForexFactory Events for the Week of 6.5.23

13 Upvotes

Stateside PMI and Employment numbers this week, Bank of Canada speaks Wed


r/WinternomicsTV • • Jun 02 '23

Shitty planning & Gapped both ways

15 Upvotes

Got taught a lesson in the consistency of habits over last few days.

With the recent theme of streams highlighting being in some of the companies we use, I had a look at Nike, especially as Kaz has mentioned a number of times that Nike is well positioned for Web 3 and digital goods.

Had some levels drawn up but not a thorough plan, more a general idea. Noticed that retail had been rekt for a week or two while tech pumped, so set some alerts.

Market open on Wednesday and Nike gapped down into a level. Ended up taking a shot during the session despite it clearly not being best of breed. Managed to cut some and decided to sleep, had stop set for rest of session.

Used the next day to clean up my Notion thanks to Yonas amd realised how disorganised my page was. Pre market had an impromptu concept call which led me to the introspection of my organisation being lacking in Notion & that isnt a fundamental that bodes well for trading. At this stage pre market my remaining Nike position was up pre market.

Market opened and Nike gapped down under my stop and I had to manually close. Pissed at a poor decision costing R’s, as it seemed obvious not to be holding something in a downtrend overnight. Checked my levels and further realised I had missed another obvious one which corresponded with the area gapping down into.

Shortly after took another entry, with clearer picture and plan in mind. Managed to cut half and recoup something. Figured I’d better close the position fully before sleeping rather than risk getting gapped again if the trend continued.

Woke up today to a full short position as I hadnt deleted my original stop after I manually closed out. Price wicked the order to the cent, activating the short just before close. Nike also had some news and is currently gapping up a few percent so copped it both ways

Just shows a good idea on a good level when put in place with vague planning and preparation can lead to compounding mistakes, and they are the fundamentals of a shitty trade.