Not proud this was my biggest day trade loser ever!!
I thought it had an excellent set up. News at 12:32 and 12:43, FGD, FORMER SUPERNOVA ($2.88 to $25), bought and sold it twice within minutes. Got cocky and opened a larger position on a dip (white buy arrow), but then was halted.
Resumed at 1:54, one red candle, then 3 green candles, just about to sell...didn't get executed at $8.45, cancel order, now stock is crashing, two red candles down to 7.55 (this is where I should have sold), but then a nice green candle (there's hope) back to 7.90 and then continues to crash, I sold at the white arrow at 14:04.
What went wrong and what would you do differently? How could you or I prevent this from happening again?
I had too large of a position and shouldn't be trading NASDAQ when penny stocks are my bread and butter.
from what you said, you "triple dipped". I don't even like to double dip (buy a stock right after i sell into profit. but that's relative to if you think it can go higher and it proves that by hitting higher. on a stock that is halting and on your third dip, your size should have been way smaller (1/4 to 1/2) normal position size especially since it is halty. that's my take.
yes, should have made each new position smaller instead of larger. thanks for your comments.
Dont beat yourself up too much! I made a lot of my 36k on nasdaq! So Im wondering if I will be as good at OTCs!
I done this too made and then bought in again - worst thing to do the higher it gets! Chasing x
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