Perfect Morning
I'm not sure what plan is anymore but today is a perfect morning so I have to recap it here.
I woke up, dropped off my daughter at daycare, and did elliptical for 35 minutes until 9:20am. I had one stock in mind that I was tracking--CRCL, the stablecoin large cap IPO from last week. IPO at 30, open at 70, 3 days it's trading at 130. It's a short.
I get short 2000 shares at 132 effective average. Trade around it. I'm thinking cover below 120 for most and ride a little for 110 if it wants to get there. Works out perfectly with very little drawdown or prolonged consolidation. I made $28,000--best trade since the April CRWV ipo breakout for me.
Then I made some chilaquiles (been obsessed with making that and abura soba lately) using left over purple tortilla chips. If you don't know what those are, they're basically fried breakfast nachos.
Tortilla chips, tomatillo salsa (1/2 fried under the eggs/chips, 1/2 heaped on fresh over the eggs), fried eggs, pickled onions, avocado, cotija cheese. It doesn't look amazing because I never really try to plate my foods nicely but they were great.
Then I lifted some weights, watched Nathan for You reruns, and made myself a tropical smoothie. There's good days and bad. Last week I was pretty miserable and in my head with how I traded CRCL. Quick recap of it:
Thursday -- I was up 15k on CRWV short and that was my only planned trade. Then I traded CRCL "randomly" and lost 12k combined on both long/short trades. I panic closed out my CRWV short on a 140+ uptick for 10k. Finished the day red and felt stupid af. Borderline depressed really. Wondering if I should quit trading forever.
Friday -- I went into the morning "determined" to prove something to myself... CRCL was going to 120 and I'd get long. I traded it actively and gave up for some reason when it had some price rejection at 102. Was down 3k. Then it went to $120 an hour later. Would've been a $40k trade if I had the stomach. Fuck me.
In hindsight, it's just a matter of building that instinct back up. I was close but not quite there with execution and confidence. Now maybe I'm back to some kind of baseline. Will I trade tomorrow? Eh. Maybe if CRWV goes to 200? Now I'm going to play pool.