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Disaster - entry on 130pm perk as it was holding .02, key level on daily chart, added some on HOD break, got a very quick 10% bounce and it failed, panicked, could not get filled as my risk was being breach below .02 and had to cover into weakness. Hard lesson learned and I always seem to have too much faith in these .01-.02 stocks, perhaps set a stop loss after entry to protect account. twice this week I got hammered on playslike this
Just totally fat fingered this trade. I bought the very first breakout that failed and when I tried to get out I apparently hit the short button instead of the sell button. They're right next to each other in eTrade Pro. So I was in the same stock long and short at the same dam time which is crazy that they would even allow that. So I jut got out and ended up wasting 2 days trades. Just one of those weeks.
Even though I made 7 percent on this trade it was not a good trade, I got out just so I could focus on KNDI yesterday even through the breakout was playing out perfectly, never did it dip to my buy price yesterday or even my risk level, if I would have just stuck to my plan I would have sold into today morning spike and made close to 18 percent
This loss was a combo of honestly getting hoed by E*TRADE (my sell order kept getting denied that ended up being a technical issue on E*TRADE's side - it's fine now but freaking dang, lol) and me being discouraged by recent losses and not wanting to lose, turning me into a short term bagholder - which is freaking dumb - don't do that. I finally cut losses when the stock spiked a little bit 2 day later.
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