timothysykes

($671) loss CVSI Long Stock

Entry comments: I bought this morning spiker that's holding its gains well, solid PR this morning, former runner, goal is to sell in the low 5s

Exit comments: Not closing strongly so rule #1 is cut losses quickly, I gave it plenty of time, but no dice...I can always rebuy tomorrow, small losses stink, but I don't want to let a small mistake turn into a potential big disaster!

Received 9 Karmas
RichieRichW
1
RichieRichW Jun 13, 10:13 PM

I had to get brutally honest here because I have a feeling that others have the same problem but they might not want to make it public because it probably makes them think they'll look stupid. And that's not my reason for saying what I did. I said because I would like feedback and I hope it will help the others that are afraid to say it themselves. Guys and Gals, please believe me, I mean no disrespect to any of you.

j_cesar17
j_cesar17 Jun 20, 2:40 PM

You are correct 1-2% isnt as realistic I was mostly reffering to this specific trade. The best we could do as new traders with small accounts is have as minimal of a loss as possible.

j_cesar17
j_cesar17 Jun 20, 2:55 PM

Hope everyone is doing well and having fun learning!

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