random name
208 posts





Roundtripping Trade of the month in $SNDK. (Although it could be the trade of the month covering 230s. With how boring Nov has been, it's still a bs size compared to last month.) Recently, I have been trying to extend my position holding period by trading the bigger picture & holding a trade. Coming into the short, I was having a daily backside in mind. I saw the 250 seller in SNDK keeps coming back, that's where I wanted to try to turn an intraday short into a swing. ss 253 avg from morning. It worked well initially and traded into 235s, however, what happened is that for the last 2 days, $SNDK moved similarly to $QQQ, and the sell off I'm guessing it's purely luck as it follows indexes. There's no big independent selling pressure into the stock (vs sth like CRCL/MSTR). In other words, not in play enough. Also when $NVDA earnings beat, it sends $SNDK even higher. I then decided to take it off today pm and reserve the risk to easy plays. This shit ain't worth the stress & risk😴 Still trying to find a balance between intraday/swing. This trade looks idiotic, but some great lessons for Alvin: - Entry/thesis was great, applying it to a better stock could yield a home run - Taking these as legs, especially when the market is trying to find a direction. Catch the 250-235 leg and re-assess later when it bounces. I could always add back - At least take something off! A 20-point drop is nearly 10% intraday from high to low. For this case, taking 30% off and BE the rest could be a great option
































