ADAPT ADAPT ADAPT

Watch list has changed past few nights as you’ve seen. I think the changes have been good based on what’s going on what’s working and what isn’t.

All the warnings are finally coming to a head — this is the market stuff I’ve been warning about for a while. Yes it didn’t matter for a long time — but guess what it’s here, it came, it’s too late. Everything is down 50%.

PROTECT YOUR CAPITAL – SAVE YOUR CASH. That’s the most important thing here guys – it’s SO easy to get smoked in this market holding crap.

Most swings that I’ve been putting on haven’t been having 2nd days – market as 100% shifted. SLDB faded right off – I put it on the first day bought the dip the 2nd day and as noted I would not add anymore unless it started to firm up post consolidation. This is an example of having a plan. If it doesn’t firm up I’ll be gone. There is zero reason to add add add to a loser – that’s how you get smacked.

With that said CDXC swing was phenomenal and I took one for the team and sold it at $12.2x’s LOL damnit.

OTCs have still been okay but even TAOP today I thought maybe it’d be a nice opportunity was up a ton again and then slam right off open.

Couple notes here:

ADAPT – REALIZE IT. Been saying this is coming for a while doesn’t matter if I have been warning 1 month 2 month 3 month etc. When it’s here you need to know what to do. THIS IS THE DIFFERENCE BETWEEN CAREER TRADER AND “WELL THAT WAS FUN” etc.

I want you guys to do well long term. Price makes people think they are RIGHT. Price makes people think they did things correctly. Price makes people think other people are WRONG and don’t listen to anything else.

And then …….. Price gets cut in half.

RISK MANAGEMENT IS EVERYTIHNG – KNOWING WHEN TO PUSH AND WHEN TO PULL IT BACK IS EVERYTHING.

Last note: CDXC some of the comments and actions concern me. Saw many have a rough day there. Go back review the chat logs review the comments it felt like a short was stuck entire day. This is the difference between risk management and ‘seeing what it’ll do’ ‘maybe I can get out AHs’ etc. FRONT SIDE BACK SIDE KEY LEVELS etc

KEY TAKEAWAY -> DO NOT TRADE FRONT SIDE IF YOU DO NOT PLAY BY THE RULES.

Again less of a crazy watch list tonight — going to be focused on how the hell we open.

Have your buy list ready.

Main Watches:

CDXC let it do its thing and then don’t underestimate the unwind. I think a massive short got squeezed out today worked out a bit more and once the cover is done can be a full unwind. Don’t be too early. Remember the biggest unwind comes after the first crack many times.

WKHS nice one today higher better and possible back side unwind.

Failed Follow Through:

AMC higher better for more bleed

GME held some over for fade – hope comments were useful. What crazy timing.

KOSS higher better for back side – kept some short from this AM idea (BB AMC KOSS were the ideas off the GME trade)

Continuation / Bounce:

Went shopping a bit AHs based on the trades I’d likely take if gap downs and flushes for rebounds. My thought is actually that AHs was the most of the panic then we gap and push out tomorrow before maybe fading next week.

Others: