WDC Reddit Mentions | ChartExchange

So I will say this, your sentences and structure... you sound very emotional, which is normal.
Short story, I did a thesis on WDC and invested earlier this year for a swing trade at the same Time I was daytrading scalping some oil stocks and other things it was almost an $80,000 month
The elephant in the room is that I should've left my investment in WDC as I originally planned my thesis, but I diverted from my plan, not enough discipline and now, today....
today I would be up 800K but instead I got cocky with the 80K (10%) of what could've been.
April rolled around, it got really nasty with the war and I kissed it all goodbye yes it was profit, but it was gone by May. I try to correct my mistakes, but I didn't learn well enough and I lost I believe it was another 20 - 30 K out of pocket.
The Second to last week in May, I traded very small amounts tiny I was playing around with one to 10 shares maybe 100 shares but never more than that. I was averaging 20 to 50 shares of any given stock. My issue was.
1- too emotional - you need to be completely deadpan no happy no sad just working your plan and stop looking at your P&L. It doesn't serve you. It doesn't help if you're down you will know that you were down. You don't need the PNL to tell you this check it at the end of the week not every day or or even while you're trading.
2- Your telephone is off or on do not disturb. I never answer my telephone before noon because I start premarket and my cut off my hard stop is at noon.
3- do not trade all day...EVER! That is the rule, so I begin winding down at 11 AM. I have an alarm with a specific sound that is my start wrapping it up. The second alarm is different and a bit more annoying, which is warning what are you doing Dumb dumb and the last alarm is loud annoying like a mix of a siren and the market bell. Get the hell out you're done.
Whenever I break any of my rules, I kid you not I break one of my rules and I have a loss. It really is that simple sounding but in practice the market energy naturally gets in your blood and gets you pumped up because it is exciting. You must learn to acknowledge it so it doesn't keep banging at your door then you must control and be completely disciplined. Very difficult. You have to train for all this.
So the second and third week of May I'm testing myself with the tiny share trades a break a rule I lose. I don't break my rules gain two days good three days bad then four days bad think on what rules I was breaking started tightening up end of May I switched from Fidelity to Schwab, I have a margin account, but I don't always use the margin because I can click cash or margin.
The first weekend in June I locked in. I was making very good daily profit. I started sizing up slowly. The second week in June started out great Monday was awesome. Then June 9 the infamous June 9. I am trading like a champion. I am scalping taking 2000 4000 and 5000 share positions, breaking them down taking profit on the way up quickly all going so well.
Now my cut off is supposed to be at noon, but this day was going very well. It's slow down so I took a break. I don't usually trade after hours unless I get an alert and there's proper momentum which there was I was treating RGNT, UK and HWH.
Schwab Oris me to treat OTC like Thursday or Friday of the prior week I am purchasing heavier lots I believe I had roughly 10 to 15,000 shares of HWH and it was just comfortably moving up so I'm selling one to 2000 share blocks. I click the button and was denied. I clicked the button a second time denied 3, 4, 5 times. Panic starts to set in. I moved to the other securities to see what's going on. I wanted to start unloading those as well. Nothing is working. I check my Internet. I have no idea what's happening. I finally call Charles Schwab....
They pick up they automatically know it's me and I tell him hey quickly somethings going on with my account. It's not allowing me to purchase or sell any shares I don't know what's happening and the guy asks me. Are you trading HWH? Is that trading yes who else would be trading oh, OK go ahead. I'll release you, I didn't know if your account was hacked so we blocked it.
I hang up the phone. I turned to my positions to sell, and everything had crashed....
I know some of you are probably thinking well you broke your rule and you traded after hours. The thing is that was not a hard rule. The rule was if there isn't serious momentum then you don't touch it because from noon to the end of the night, I would always lose even when I was up. I would somehow give it all back, but this was one of those exceptional days.
What happened? Was that once you sign the agreement with Charles Schwab or agree to their terms when wanting to trade OTC and penny stocks it has to get registered through Charles Schwab. Then you download thinkorswim and activate it on that button. Then the system is supposed to reconcile your authorizations throughout.
Thinkorswim and Charles Schwab website have a gap and that's why it needs to reconcile which it didn't do it properly. Therefore, it falsely flagged my daytrading, which was after hours at 7.
$10,000 that you lost is a substantial amount of money, especially if it wasn't saved up specifically for daytrading. We all have losses and they all hurt relative to our overall financial situations. I'm not giving the number that was wiped from my account because that's a relevant. What matters is that if this is your business and I mean that if this is your business your job then you must put on your big boy pants, look back and be honest with yourself write down your mistakes then you take those mistakes and create a plan to correct them. You save your money like somehow advice you on this thread you pay your debts always and you begin again.
I am now with the SEC and FINRA and have been working all month putting together my case while still continuing to trade and yes, I am still in the Schwab account but today or rather last week or rather this past week was my last week with Charles Schwab I'm moving onto a direct broker where I don't have to deal with so much slippage thinkorswim platform I have had slippage of $.05-$.10 fidelities site isn't as daytrade friendly and it was much slower, but I got used to it and traded that way and did much much better. But that's neither here nor there.
I hope that my story helps your story because I lost all my emotional control most of this month because of what happened with Charles Schwab and additionally life happens as well. The week after my aunt died my air conditioning and house broke down during 90+ degree days my daughter was graduating high school at the end of the week on the same day, my sister with her family shows up in the morning they fly in. They're here. Also there air conditioning technicians show up and now we're in the basement fixing things the day continued.
I went to my daughters graduation. It was great. She got into the front passenger seat and left with her best friends on the way to the dance. Someone pulled out in front of them on a main road and smashed into them on my daughters door and taking out the whole side of the car.
Can you imagine the level of stress I get to the scene and no one is hurt I was very fortunate. One of my best friends was not and years ago on the last day of school he lost the son so you can imagine what was going through my head at the time heading towards the scene.
My dude,
Money is trivial you can replace it. You cannot replace friends, family yourself.... Sit down and reassess what you're doing if this is something you want and/or need to do for whatever reason then build yourself a plan. Everyone here is giving you roundabout the same advice and I feel that most of it is because a lot of people here have experienced a financial loss.
If you feel alone and like no one's actually helping you look again. You have to help yourself first.
I hope everyone on this thread has a safe and happy 4 of July.
Lastly, I'd like to say that all these mistakes and losses that I've had in the last 2 to 3 months have inspired me to build a web website/ platform to address and/or help others who may not know how to build, and or create a proper roadmap, not necessarily on how to trade but more of a coaching and showing different types of strategies to not only trade successfully, but to also keep the wins and reinvest the money in something like ETFs some longs or just goes and sits there as well as creating exit strategies when things go south as they tend to do. Anyway your experience is a learning tool so use it.
Once again, everyone have a happy and safe Fourth of July...

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WDC
Western Digital Corp.
stock NASDAQ