Magnet

You’re down until you’re not.

I’m officially liquidated boys. See you soon, out of the game for now. $Lab got me in the end. 😢 -$31,000

Trading update. I started this account with $32,000. Today, after closing most of my positions, my realized P&L sits at -$25,210, leaving me with roughly $3,000 in cash and 15,000 XRP at a $1.30 average. It’s been a bumpy ride. Looking back through every trade I journaled, I realized something important: My biggest losses didn’t come from bad entries, they came from conviction plays. Every time I convinced myself a position had to come back, I held too long, averaged down, or let a winning trade turn into a loser. Ironically, my best trading was when I did the exact opposite. Scalp. Cut the loser. Move on. The journal doesn’t lie. I had multiple profitable weeks and proved to myself that I can read momentum. What ultimately hurt me wasn’t my ability to find setups, it was abandoning the process that was working. This account may be down, but I don’t consider the experience wasted. I’ve learned more about trading over the past few months than I ever could have from a winning streak. The goal from here isn’t to make it all back overnight. The goal is to become the trader who doesn’t need conviction to make money. Just discipline. Back to the grind. - 🧲

I’m now holding 2 convictions plays with $ESPORTS and $H. 150,000 $ESPORTS at $0.033 and 60,000 $H at $0.077. I’m looking for $0.15 on esports and $0.50 on $H. If these two materialize I will get back my losses on $S and finally be in green. I am currently -$18,325. Bookmark this boys. - 🧲

I’ve doubled down on my thesis with $H. It felt really strong yesterday and if there is a slightly larger momentum on the next leg up I think it breaks all time high or tests $0.85 similarly to $VELVET. I doubled up and have 60,000 shares now at $0.075. This isn’t about DCA’ing but rather accumulating. I wait for $0.50 from here. Bookmark this.

I have a target of $0.40-$0.50 on $H. I have 30,000 at $0.07 and I think it goes there soon. Bookmark this - 🧲

I have 150,000 now at $0.33 and I am holding for the next leg up. Back to $0.20 $ESPORTS

$H back to $.50? I’m in 30,000 shares at $0.07 👀

Why didn’t I fkn hold? 😠 $VELVET

I’m still super pissed that I sold my $Velvet, I had 14,000 of them $0.43. Would’ve been up $20K USD right now. My conviction and thesis was correct. Now I’m short at $1.56 and down -1,200 unrealized. It’s a cold world, crypto. 🥶

Scalping is going ok on $VELVET $VELVET Short: +$210 $VELVET Short: +$130 $VELVET Short: +$100 I want back in short at $1.60 level. - 🧲

I sold $VELVET at a loss of -$260 at $1.44 and got back in short 2,500 shares at $1.61. I’ll ride this.

For those wondering, $ESPORTS, I’m still in 100K at average of $0.357. Realized -$600 so far on it but I want to hold for $0.10+. I have never been more confident after seeing the reversal on $VELVET today. Thank you for listening.

$VELVET short position here at $1.35. It’s up 100% for the day. I would be a seller here if I was holding from $0.35-$0.55 levels. I hold for reversal to $.60 levels. Bookmark this.

I said this on 6/14 about $VELVET and today it hit $1.50. If I held true to my conviction once again would’ve made $15,000… I had 14,000 at $0.43. SMH.

Closed this long on $RE -$280. Not because I don’t believe that it touches $1 within days but because I have to open up the margin room and derisk as I’m down on 3 positions: $ESPORTS $Sui $XRP

$LAB Kinda pissed because I wanted to short 500 shares of $LAB at $18.80 but held back. Would’ve been up +1,500 now had I done that. Total for week: Jun 23: $LAB Short: +$605 Total for day: +$605 Jun 24: $LAB Short: +$35 $RE Long: -$280 Total for day: -$245 Total PNL: -$17,550

$RE Long position here at $0.72. Easy $1 from here. Bookmark this. - 🧲