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Another overnight stock I lost money on. This was up on the day I bought and even ended green, it had positive new and Tim even alerted this. I had a good execution the stock ended green and the was positive news so figured it would spread overnight and would run the next day.... well it didn't it went up a bit p/m but panicked at market open. I should have locked in gains early & I MUST do better at cutting losses quickly
Morning spike that started to dip, held thinking it would bounce, but it never did. Got out as quick as I could after it went below my buy-in, which was good, it went way down after that. Should have taken the 10 - 15% it gave me and walked.
Entry Comments: Was a test I was running that I knew was a losing trade per my blog posts. Was holding under a key resistance and above vwap when I entered and tanked at close of day. Exit Comments: Should have waited until the end of the day to make this entry, also my position size was way too large for this test. Overall, not really upset about this loss and I think it's one to keep an eye on as I think it can run again, just didn't wanna baghold this loser.
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