Thursday, September 19, 2019

BABA lotto calls against fomo +90%

Daily setup: Preempting huge box breakout
Entry/play: lotto calls yesterday when it came back above the level I was watching
Management: I've been stabbing at this and getting nicked (or worse), but I could not stand the thought of not being involved if it broke out. So yesterday I put a smidgen of money into lotto calls. Sold on random-ish targets this morning.
Psychology: Excellent. I'm not even sorry I wasn't in bigger, because I went through the fed with this position yesterday. Lotto plays are win-win-win. It's small enough money that if it goes to zero I'm not hurt. But, it keeps me involved so I don't do something stupid bc fomo. And, if it goes up, I make money. This is a very good way for me to handle fomo.


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