Well today wasn't the idea day for me.
Today I went down on PLUG about $40. Now I know thats not a lot of money to most, but I look at it more as a red day. At first I really let red days beat me up, and I wont lie, I still kind of do now as well too. Today I purchased PLUG thinking that it was running back up and sure enough, that was the top of the green candles.... duhhhh. One thing I did right though was put my stop loss in and left with a small loss. No biggie. In at 1.14 and out at 1.08. Here's my take away from this trade... STOP BUYING FAILING STOCKS THINKING THEY WILL GO BACK UP! I dont get why I think that its just going to magically turn around, but when I look at the chart I really wonder where my head was at. This is good though! This is the cost of education and I am learning a lot. The whole reason that I am blogging is because I was to be able to track my progression through this journey and I love how honest profit.ly keeps me!
Going into the close tonight I am not holding anything, but I am papertrading SINO (in at $4.60 x200 shares)in my own notes (thats how I papertrade, simple and I have a nice log of my trades... I do not post paper trades on here though). I came across a top secret strategy (LOL) and I am giving it a shot here and will be trying it out tomorrow to see what I think about it. If i can profit and it seems to make sense when I use it practically, I will share that knowledge to you all.
Thank you all for reading, Best of luck this week and remember... learn from my stupid mistakes!