This I bought on Thursday morning premarket. Knowing I wouldn't be able to sell it til the next day. Due to the three day rule. I took a gamble. I new this stock went from .95 on Monday morning to $3 by Tuesday. So my logic was if it only bounced a percentage of that I would make off like a bandit. So Thursday $Tops went to 1.17. I couldn't sell due to the rule. After market was dead lost everything it gained and settled @. .85. So Friday the rule went away but there was new "news". It's a low float it's volatile Friday and there is news. This will go high after all it went from .95 to $3 just two days earlier. I watched it go to 1.10 and fall a slow fall all day. I can't blame it on the falling knife. I watched it fall I even new I should have sold quickly even attempted a couple of times. Talked myself out of it. Why? It's a low float on Friday with news. This will bounce back. By 3:00 pm it was .71 my entry price was .919. By that point I just bit the bullet and sold. I am still furious. Was I wrong. That set up even being in cash I would buy that set up anytime. 3 out 4 times I would win that set up. The only things I would agree that I was wrong for is not selling quickly and letting my ego get in the way. But it looked pretty in the morning. Then she turned on me. Just another lesson in being in cash and selling quickly. I don't really regret it. The risk vs reward would've been awesome. Just not this time. Thanks
Ahhhh Man! Same story, my entry point was at one and I was up about 100 bucks but didn't take profits because I thought it continue to go up since it had a recent spike and on top a that a good news, but I didn't take profits and didn't cut losses quickly and lost $200
would*
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