That's me :)
Entry comments: Buying for morning gap up/spike as this new Toshiba/Sandisk deal is the good news stemming from the 2/27 catastrophe when they said that relationship was over...the stock was at $3.80ish before that day, I'd expect another spike toward that level now that its holding support at $3
Exit comments: Disappointing no gap up, no morning spike, maybe rebounds later, but can't take that chance as I thought it'd be stronger, very similar to RCON letdown, good lesson for me to take mental notes on, gotta cut losses quickly when wrong
Date | Price | |
---|---|---|
Entry | 5/19/2014 | 3.082 |
Exit | 5/20/2014 | 2.976 |
- Total Views1,603
- Position Size35,000
- Percentage-3.44%
Thanks for the heads up Tim. I'm new to the Challenge, so I'm excited with this trade.
Your honesty and transparency as a teacher go a LONG way Tim, even though you lost money on this trade it was still an important lesson for your students...lets focus and let the STRATEGY work us! Thanks BOSS!! :)
"For example", I learned that its VERY important to wake up early, I just looked at IMI and it's down to $2.86 now, so if you had woke up 10 minutes later then you would be down another $3,500....Learned "very important to cut losses quickly" and "The early Bird gets the Worm", only in this case you saved losing more Worms! Thanks again Boss! :)