-$270 Loss
MCIGLong Stock
timothysykes

Entry comments: I bought this other OTC runner, closing much better than HENC and a multi-day, if slower, breakout...goal is to make 10-20% into gap up and morning spike tomorrow

Exit comments: No gap up like I wanted, small loss, it happens, rule #1 cut losses quickly! Stay disciplined

6
720

DatePrice
Entry2/3/20200.0845
Exit2/4/20200.08
  • Total Views1,082
  • Position Size60,000
  • Percentage-5.33%
Copy and paste the following into your page or blog. If using WordPress, you must paste this in the HTML tab only:
Robson
RobsonFeb 03, 20 9:45 PM

Nice!! ✌🏼

Windwalzer
1
WindwalzerFeb 04, 20 10:17 AM

I can see your entry about 3:50pm and you exit the next morning at the open. Rule #1 cut losses quickly. Montra! Thank you for all you do for us.

BGoddard
BGoddardFeb 05, 20 1:21 AM

Great lesson thanks Tim

Windwalzer
WindwalzerFeb 05, 20 8:54 PM

This is the one you ended up on "time out". Over traded a sympathy play. It did have a first green day, no catalyst, no history of multiday spikes. Now you have to wait for the perfect play and pattern to trade again. You are hard on us and hard on yourself when the rules are broken, you are consistent. Thank you a lot!

Join now or log in to leave a comment