Hi everyone. I want to do a quick recap across my charts today and bring you all up to speed. The last few days have been a little limited, but I want to make sure I touch on everything. This is not financial advice. I am not a certified trading advisor and I am not a CPA.
Let me run through the charts so I can tell you a little about my trades and, more importantly, how I see things. Because the real lesson here is not any single trade. It is the order of events, the same decision process repeating name after name.
Let's start with SpaceX. We have not even begun to see the unlocks, so I want you aware of that. People ask me, am I adding? No, I am patient. I said back when we were up around 200 that I thought this could go to 100, and that is when I chose to sell my stock. Some of it I collared. Some I converted to modified synthetic longs. And now, down at these lower levels, I have levers to pull.
That phrase, levers to pull, is the whole reason I structure trades the way I do. And it is exactly what most people are missing when they feel trapped in a position.
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