Was not fun holding on to this loser.  There were no bids in the level 1 books.  Sometimes I imagine myself on the floors of the Nasdaq building, holding papers up in the air, shouting, “buy this!”  Well, I was staring at the screen doing it anyway.  The overall market was weak though, so UPST turned out to be my hedge on my swings.  So while I did lose on the DT (traded at 1/2 pos size), it was manageable, and overall I was up 2% on the day.

Nevertheless, this was a bad trade and I’m here to own up to it.  Notice the channels on this play, it completely fell out on the downside, and yet I held on.

I was at Costco however, so it was a little tough watching the tape-  I felt maybe setting it and forgetting it would have turned out to be good for me.  Nope.  Let’s put the loss on my groceries-  I just paid  a couple hundred for these grapes.  And another couple hundred for this frozen smoothie-  yeah that’s the times I looked at my phone to see poor old UPST on its free fall.

Here’s a nice lesson learned –  RSI dipped, and you didn’t.