gregglenn8Nov 20, 24 4:19 PM
You still made money congrats
-$565 Loss
FBRXLong Stock
Entry comments: UI'm buying this one to try to hold overnight as its held its spike all day and had very positive news this morning https://tim.ly/3YVMwZH so let's see how far it can go, goal is to make 5-10% overnight or into the close/afterhours, cut losses if it can't hold this level
Exit comments: I'm cutting losses here on my remaining position afterhours, I was trying to give it time, but its actung so poorly so rule #1 is http://tim.ly/clq to cut losses quickly...in hindsight, I should've dumped it all in the high $13s, video lesson coming later tonight, please watch and learn from my mistake
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Position Updates
- Nov 20, 24 3:32 PM: Bought 1500 at 14.00 - UI'm buying this one to try to hold overnight as its held its spike all day and had very positive news this morning https://tim.ly/3YVMwZH so let's see how far it can go, goal is to make 5-10% overnight or into the close/afterhours, cut losses if it can't hold this level
- Nov 20, 24 3:55 PM: Added 1500 at 13.35 - This play is all over the place, looks like shorts are trying to crush it into the close but I think it can still bounce, goal is to sell in the 14s, doubled up, risky but I like the upside vs downside risk
- Nov 20, 24 4:18 PM: Sold 2000 at 13.80 - I sold afterhours into the runup as this price action is just weirdddddd, it went all the way down to 13.07, now just up to 14, I'm minimizing my position as I think it can still bounce but I can't have too much size with this weird action, video lesson coming later tonight explaining more, stay safe
- Nov 20, 24 5:36 PM: Sold 1000 at 12.86 - I'm cutting losses here on my remaining position afterhours, I was trying to give it time, but its actung so poorly so rule #1 is http://tim.ly/clq to cut losses quickly...in hindsight, I should've dumped it all in the high $13s, video lesson coming later tonight, please watch and learn from my mistake
| Date | Price | |
|---|---|---|
| Entry | 11/20/2024 | 13.675 |
| Exit | 11/20/2024 | 13.4867 |
- Total Views230
- Position Size3,000
- Percentage-1.38%
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SuzyQNov 20, 24 5:49 PM
I've made this mistake so many times - holding a piece for more upside and turning a solid win into a loss. Thanks for reinforcing the value of locking in the profit!
jcoulthartNov 22, 24 6:46 PM
yes to Rule #1
