First the ugly. Got into $NEPT too late. Became a bag holder “HOPING” it would turn. It came close at one point and I didn’t cut my losses. I’m done with that. For micro account there is no reason I should be doing this.
Second, the better. My next 2 trades I set my risk and cut my losses. I may have mentioned I converted a Forex tracking sheet for my Penny Stock trading. I can calculate my risk and reward, record it and use it. I was good on those two trades.
Thr best. Since I am using Robinhood to trade and building my eTrade account, I don’t have the best tools. The big change it that I started using the charting tools on Investor.com.
I by marking the trends, support and resistance I’m not getting into trades. $HMNY is my first success. Didn’t buy until it broke and stayed. I took profit at a great point and didn’t worry about getting more.
Now to wash rinse repeat.
Study on!!
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