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Entry: $3.25 1200 Shares. This was an Earnings winner that I had played 7 or 8 months ago. I bought in on Thurs it ran to 3.65 and down quickly. I decided to hold overnight. Friday it started to going up but then back down to my entry price. I got scared and sold at $3.40. It ended up going as high as $4.00. This was a good earnings winner that I should have held a little longer. Risk was small. Exit $3.40 1200 Shares. $160.00 profit.
I got in this stock thinking it was going to run up the next day because it was following the same pattern as some other stocks however after Tim's video lesson I realized that I needed to rethink my assumptions....which was a good thing because the stock tanked at the market open.
My biggest loss yet. I wanted to trade big financial stocks with a more stable company and IT DID NOT WORK WELL. Definitely a hard lesson learned. Learning to diversify my strategy with swing trading and keep learning on penny stocks. stick with the learning plan and using stock to trade. Arg.
up 75% on the day but got aggressive tried to buy HOD breakout after morning dip; ordinarily would never chase this, but HTGM was near identical setup - similar chart, low float, earnings; i was wrong tho and minimized damage only losing 30 cents which was best possible sell the rest of the day; maybe it didn't catch fire b/c ZAIS is in financial sector or HTGM was sucking up all attention, but i was wrong and cut it quick; i'm not actually upset with taking the shot here, just didn't pan out
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