Good work! Always safe to lock in profits and take what the market gives you, even if it does run later.
I,m guessing this was a sympathy play??
@DylanB Was a friday morning spike
Of course. I was unsure because I could not find any catalyst then found a puffy press release from Oct 10th on yahoo finance about it,s BETA will increase it,s share price above the overall market performance.
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WPCS is alright, it'll get back up there soon, keep watching this stock it's has the potential to run likeHMNY
Unfortunate, but don't let this loss set you back. It's crazy how easy it seems to buy the tops at times, as I've done it myself too. Cutting losses quickly is key, so good on that, although those fast drops after the breakout fails are killer. I've recently been in trades where in a matter of seconds the stock drops like 10c-20c, and it just blows through your risk level, but it happens.
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Good job not holding and hoping! Always better to live to trade another day with a small loss when something doesn't work out the way you wanted to. However, be mindful not to chase alerts or take the same trade Tim does, you'll learn a lot of hard lessons doing that.
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@lorenbarto just became a fully transparent trader today!
yup I have the same problem, i hesitate, get greedy and end up with a small loss lol gotta learn a win is a win, just take it.
Oh man, sorry to hear. Those lessons are tough, and I'm all too familiar with not sticking to my plan and missing out (although not from waiting too long to sell for profits). It's really hard, but you just have to keep working at it until it's second nature to build up the discpline and take what the market gives you.
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