Sitting On 100% Cash

Yes. It was to be done by the end of this week, and it has been written. I am now full cash and ready to assess the situation I’ve developed for myself. I’m surviving, yes, but took a hit today in a market that was coked up Scarface-style. I bit the bullet this time because I’ve drifted away, yet again, from the strict rules I’ve set aside for myself. I took a day off Tuesday to attempt to get my, “Market Qi,” back on track. It was a nice day off, but I did not take a “day off” per say. It was a rest, have you.

And now I sit in a position of my want and desire to eat an entire can of whoop ass and throw it at someone who isn’t looking. The past two weeks I’ve been “off.” I’ve been thinking about how I can make my trading grow and develop, I’ve been considering new strategies, and I’ve officially deemed myself burned out.
But why? Look at the market! And plus, you’ve been doing fine - your statistics (minus today) have shown that you’ve been working your way up and making some solid gains, cutting your losses to tiny ones. I, however, do not enjoy my strategy that I have developed, and this weekend, I will be changing it for the better.

Friday evening will be a video post. Saturday evening will be a day of thought and development at the House of Moose. Sunday will be the post explaining to all of you my new plan of attack on this here stock market. For now, I leave you with a position update:

• Stopped out of SNDK Thursday morning @ 16.41 for a loss of -1.84, -10.08% [Position size was 18% of my cash basis]
• Stopped out of CIT Thursday afternoon @ 0.74 for a loss of -0.17, -18.68% [Tester position - 6% of my cash basis]
• Sold out of JASO @ 4.75 for a profit of +0.05, +1.06% [Position size was 18% of my cash basis]
• Sold out of AMKR @ 5.89 for a profit of +0.34, +6.13% [Position size was 18% of my cash basis]
• Sold out of NVAX @ 3.22 for a loss of -0.14, -4.17% [Position size was 18% of my cash basis]

I am 100% cash. It’s time to wipe the slate clean.

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