$SQM One Day After Exiting & Other Thoughts

This post today is more of a filler and to keep myself accountable in the promise of writing every single day of the week.

First, I wanna talk about $SQM, I exited the contract yesterday and I mentioned that I lost more than I originally wanted. I learned a hard lesson about fulfillment time. It’s not as simple as hitting a button and getting your cash. Because the stock was dropping fast, the 'Bid' price was a moving target. By the time my order reached the market, the price had already slipped lower. I wasn't just losing money to the stock price; I was losing money to the seconds it took to get the order filled in a crowded market.In short, we have to plan the exit strategy better the next time. Nonetheless, I am very happy that I exited yesterday as $SQM looked atrocious today. See today's chart below:

The original support and resistance I had defined are still drawn on my TradingView chart. If you see, on January 29, it closed within the channel, but on January 30, $SQM completely broke the support by opening at $76.69 and closed at $76.89. If I hadn't exited at the time I did, I would've lost ~96% of my initial investment in this stock. I am very happy I stuck to my own rules, and it's validating to see it saving me from a major loss. It's true what they say, minimizing losses is what keeps you in the game longer. Imagine I had put all my net worth on this trade, then held on for that hail-mary, I'd lose everything. Instead, I now have capital left to move on to another trade after the analysis I mentioned I'm performing this weekend.

Speaking of the analysis, I've already started and went back to the one I didn't cover here, I started with the one from July 2025 $DAL. I've only looked at one chart, but I am seeing for sure that there are some stocks that will require sitting on them for a while, not all, but seeing the behavior in hindsight helps. I think I want to cover them all in one post, one for wins and one for losses to understand them separately. I am starting to feel confident on this, even though I obviously haven't executed my next trade, actually understanding and learning from my previous wins/mistakes will certainly give me some clues.

The future is bright, the opportunities are vast, and you must be prepared so that when life gives you a chance, the chance is not wasted on you.