Another scratch. Even though it was positive I got greedy. Not only did I buy before the dip, I sold into way too late into a bounce in the afternoon. Had I stuck with my goal to sell at 3.3 this would have been a great trade. Especially since it went to 3.4 for the high. Lack of discipline here - greed came in after it missed my target and I kept holding stupidly.
Morning spike on news. CODX was being used in research with Stanford. I bought in the afternoon with a plan to see if there was a small uptrend in the afternoon then sell the next morning with any gap up. This was my FIRST trade after studying How to Make Millions for the past month, and personal study a month before that with all the free videos. Trade went against me - loss goal was to sell at 5.0, it dropped too quick but got out at 4.7. Not a great trade but cut losses before they got worse.
Bought this after morning spike - thought it might try to go for the day high but faded. Cut losses really quick on this, which I am proud of. Looks like these morning spikes fade or if they bounce they really just fake out and fade. I think this has happened a few times already. I need to look for buying opps at the start of the day. aka I need to get up earlier and be prepared.
Closing out this position. I had a lot in it and wanted to reduce the concentration so I can focus more on Pennys. Only trades I'm planning on doing for a little while are closing trades so I can study. I plan on buying How to Make Millions and watch that and all the free videos, which I'm already doing. It's about the knowledge and winning the trade, not the money.