The smallest shit makes me so mad
I absolutely hate the way QBTS had to trade this morning. Just when it seemed ripe for a gap down panic washout type of move, it immediately fills the negative gap at the open. My mindset is... if I held 1/2 position into this and it's just back at yesterday's prices, why am I covering now? I want lower. But no.
And it's not even a good opportunity to reload. You can't start shorting at 8.50 or 8.70. I tried for a small amount (old/bad habits) and I could see the tape was showing zero edge trying to do this. So I ditched it. I just told myself... turn off the screen, today will be bullshit... don't add, don't cover. This can go back up to $9 or even 9.50 and it's probably still a conviction short that you just have to weather the storm.
It establishes an 8.80 high. It seems to be the weakest of the quantums. It tails off a little bit to 8.40... then WTF is this move to $9?
I stopped out of that, I guess out of habit. I wanted to see what it wanted to do.
Turns off, it's a one move wonder that makes you chase back in. I got back in 8.50 for 1/2 size. Lost 30c on my cost on 10k shares. I started slamming my mouse over and over and over again. I just felt embarassed at my trading. Stupid.
Either swing it properly or cover it all this morning so you don't have to wait through the grind. Pick one. Getting out at 8.80+ is really kind of the shitty spot that leaves you disatisfied no matter what.
This is why I like reducing my hold time and covering ASAP. You don't have to deal with dilemma's and micro-decisions like this. Look what happened to bitcoin after my shitty cover at 80k. It did go lower that day to 76k but once it bounced, it went as high as 87k and 80k became support again. Who wants to get caught up in that???
I can't stand this shit. Everything goes my way perfectly yesterday, I don't feel any satisfacation whatsoever, then my 1/2 position gets chopped up, I want to fucking break everything on my desk. It's like there's this invisible force in the market that wants to irritate me for no reason, I'm mad at it. FUCK YOU, you fucking piece of shit. And once you make that mistake, it's so difficult to recover. You just have to live with it. Whoops, you flushed that cost basis into the toilet. Or you can be like me and lose insane amounts of money trying to hyper scalp it back, from time to time.