Month: April 2020

Stocks

I just finished crying over my losses over SHOPIFY.

Let’s focus on the lessons learned and how I can rectify this situation next week.

Next week, my plan:

  1. Wake up at 6pm, buy in when low, sell when high. In and out quick. Repeat.
  2. Toward closing, don’t buy. Too risky to leave ’til next day.
  3. On April 23, see if Amazon has good news. If so, buy more SHOP. If bad news, hold.

Lessons learned:

  1. More compassion for Bunny’s loss of his entire asset.
  2. Appreciation for Mom and Bunny trying to tell me to not worry
  3. Remember to love myself.
  4. Remember to let go. Sometimes you win, sometimes you learn valuable lessons.
  5. Many lessons about trading.
    1. Need to talk to thinkorswim about putting a limit on my actions in case of error. No naked calls!
    2. Be creative.
    3. Think about what to do if high, and what to do if low. Also consider velocity (going high fast? buy)
    4. See if can buy more than 500 shares of SHOP, over my “limit”
    5. Remember, could’ve just profit enough to over the strike price + premium. Buy at $556 or lower.
    6. Remember, just needed to make enough money to buy back the options.
    7. Remember, you can short it. But I think it’ll keep going up unless Amazon doesn’t do well this quarter.