Shitty swing trade, bag holder for way too long. Should have averaged down a long time ago, just held it long enough to eek out a tiny profit. Shame on me. On to the next, lesson learned.
Thought this higher priced stock was set to fade into the close however it picked up which had me a little uncomfortable. Still held overnight as it never really broke through the resistance at 39.60. Slight crash first thing next morning allowed me to take some profits here.
Shorted stock as I thought $40 may reject it. However it pushed through so I had to hold for a couple of hours before covering for a profit.
Flipped my short position on this stock as it was behaving as I had expected. Really should have avoided my previous loss by waiting and letting it play out to prove my thesis correct. Also cut the winning trade too early obviously because I was fixed on getting another win back. Need to focus better when in a trade and simply let the chart play out. Also need to slow down a bit and plan my trades better.
Poor trade. Got carried away with the last trade and re-entered short thinking it was going to crash more. However, better tech. analysis would have suggested a bounce, which it did. Then I stupidly held on waaay too long again.
Stock had gapped up huge from yesterday's close. Catalyst seemed pretty good but it tanked big time at the open. Missed that move but decided to go with the momentum and take a small scalp.
