Small loss on this trade. I'm learning to take action when I see a stock spiking which is good, but unfortunately I chased this one. I was trying to buy it at 2 but I wasn't fast enough. Once I got in at 2.20 I saw the momentum change and immediately sold to cut my losses quickly.
My last trade of the year was just like my first trade of the year, a loss. I bought right at the open as it was going up and by the time I looked at my execution price it had already topped at $1.28 and began to fail. I tried to be patient and let it bounce but followed my rules of cutting losses quickly once they reached my max of 10%. I ended up selling at the very bottom and it ran back up to the mid 1.20s which is where I wanted to sell.
Just a little scalp trade here. I was torn between trading this stock and NVCN, as it turns out NVCN was the better choice. I bought right at the open anticipating a spike but it didn't spike immediately. It didn't drop much at the open which was promising, so I stuck to my plan and waited to see if it would spike. When it did just a shot while later I took small profits and got out.
My first trade after 6 1/2 months of not trading. I had a full time paid internship where I worked 12hrs a day and just didn't have time to trade. After that ended in late August I slowly got back into the stock trading game. This was a small win as far as percentage gain and amount of money made but it was a big step in the right direction of learning how to trade again. Looking forward to day trading again and making $$.
Although I did not make much money on this trade I followed my rules to a T. I had a plan going in, acted fast, and got out quickly when it was going to fail. Only improvements I could have made were to get in earlier premarket (around 1.90) and could have sold a bit sooner (around 2.30 or 2.35).
Wow, just wow. I chased and got burned. I should have bought premarket at .70, once I saw it taking off I tried to buy but it kept running past my limit price so I had to keep upping it. It then dropped really fast and I sold quick but not quick enough. Went from my biggest win yesterday to my biggest loss today. I'm still in the green but if I keep making these mistakes I won't be for long. Lesson learned - take action. If you're confident that a stock is going to spike, buy it premarket.
Many people BANKED on $PRGN and I was no different. I'm glad that I made this trade and profited handsomely but I'm mad at myself for not executing my buy order for 1700 shares at .47. I could have made SO MUCH MONEY. However I'll take a %77 profit all day long. My account just grew 64% and I'm no longer in the red because of this 1 awesome trade.
Another small loss here. I should have sold when it was at 1.31 and held that for about 5 minutes before it dropped. Lesson learned though- Next time I'm in a trade and profiting, I will get out if the stock hits resistance. Sometimes it will break past resistance, this time it didn't.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.