After a good day, I had a bad day and it was very preventable and there’s a lot of classic mistakes I made that others can learn from.
[00:00:01] Today is a great day to drop a warning because I did some stuff today that really pissed me off. Kind of in a hot mood right now actually just thinking about it. So I was playing with DeepSeek last week because I'm doing a bunch of coding projects. So I always looked at the new model so I saw all the buzz and I got on it and I was like, man, this is really good. What the hell? Friday afternoon. And I thought, boy, this can't be good for these U.S. models that these guys are this good already.
[00:00:30] So I looked at the NVIDIA puts on Friday afternoon when it started going down. It was the end of the day so NVIDIA had already been down like, I don't know, like six or eight bucks. And I was able to get the 140s for all of next week, which is now this week, for two bucks. So I thought, well, I'm going to put on a chunk of these. And just by, you know, a little luck and a little curiosity and a little foresight
[00:00:56] and just being curious by playing with the tools, the news just picked up over the weekend. Everyone freaked out about it. And I was able to get those done, get them off at like 119. So I think they're worth like 20 bucks. And so I did a really good job on that part. This is not me bragging about a trade. I mean, some of it's luck anyway, right? You never know if this is going to sound like this is a normal thing that I do. It's just because I had my nose and a bunch of different stuff. Okay, so here's what the podcast is really about.
[00:01:24] So then today I come in and I'm watching, all of a sudden I'm day trading NVIDIA all day, which I never do. Everybody in the world is watching NVIDIA. The more eyeballs on something, the harder it is to trade, usually, unless it's a special case. So the news is out. Everyone sees it. So what I would tell myself if I wasn't being a total dipshit would be, if you want to sell semiconductors, find the weakest piece of shit, like Micron or something, MU, and sell those on Pops.
[00:01:51] If I would have sold those on Pops all day, I would have made money and been wrong. I would have probably been able to make or just scratch my trades at least because it kept rotating down every area that I wanted to sell. Instead, I got caught screwing around in NVIDIA and when I started figuring it out, I got out of NVIDIA. I was short, lost some money, and then started buying way too big all these like ancillary stocks like VRT and what else did I buy?
[00:02:19] CRDO because I realized like, oh man, this doesn't matter that much. This is kind of bullshit. They're going to blow this off. So I traded it way too big. And then because I traded it too big, I had a real low risk tolerance and I puked all those out on way too much size and then had to watch those turn around and go up. And I had to sit there at the end of the day and take a nice size losing day on just stupid amateur shit that I should know better. So that's what happened. And it's happened before.
[00:02:46] However, the reason it really is a great lesson for everybody listening is because when you have a nice winning day, you are by far your most vulnerable. And it's been a while since I kind of had, I mean, I guess some of my stuff now lasts like five, six, seven days. So if I'm doing well, I don't really think of it as a winning day. It's just like, all right, these trades are working out. But when I'm day trading, I take a big score. The next day I come in, I'm like, yeah, let's do that again. It's not really what I'm doing.
[00:03:13] I mean, I only do that once in a while when it's Fed Day or something sets up and unique. Otherwise, I'm a little more in the position swing trading zone right now. And even though I will take a trade in any time frame that I see that I can make money. So back to that, you're most vulnerable after you lose. So that's what hit me today. And I'm trading too big. I'm not looking at the weakest product in semiconductors, if that was my thesis, which it kind of was, which ended up being, at least for now, kind of wrong.
[00:03:40] So it's just, not only was I wrong, I did everything small wrong. And it very much should be something you catch and see. But I just didn't catch it today. So maybe somebody else can garner something from that. So maybe you can see it. I'm not looking at that. Yeah.