My Trading Journey (Hagereseb)

Today was an interesting trading day. We went through the daily gapper list at the Bear and Bull Traders room with Carlos and Norm (https://bearbulltraders.com), and my eyes were set on WSM that gapped 12.33% and was trading at around 57.95 with a previous day closing price of 51.59. My thought process: the stock has gapped up huge, and I figured whoever bought the stock premarket will sell at the open and I was ready for a quick scalp trade to the downside. What I did: About 2 minutes after the market opened, I shorted 300 shares at 58.02. It was a good one, and the price went down to 57.05, and I covered half of my position at 57.29 with about 100 bucks of profit. Then it started to go up... and I was frozen like a deer in a headlight. My plan was a quick scalp on the short side, take a quick profit and let it run if it has to and re-short when it finds the top. Did I do that? No. I left 150 shares short, and it went above my entry price. I was red now, and while it was still goi

Last week I had the opportunity to trade alongside many people who participated in the BearBull Challenge (https://bearbulltraders.com), a trading chatroom service that I am a life-time member of. Those who participated in the challenge were given 25,000 in equity (paper money of course), and we were allowed to trade on a DAS platform and the game was on. I wasn't number one, but for once I grew the account from 25K to about 30K in one week. What did I learn? I learned that I don't know much about trading, this after 2 years and some months of trading. But I also learned that patience is the key to trading. I am a short biased trader that can't go long even if my life depends on it. I have a pessimistic mind set and believe everything will eventually come crashing down. I am mostly right, but I suck at the timing to enter a trade. I learned that if i can wait a little longer to give the ticker a chance to exhaust itself, I can get a better entry and go in with size. The