This was a stock that had news and had recently spiked the last couple days. I missed my initial entry of .30/.31 and goal was to see if it can retest day highs. I was green at one point with potential profits of $45 but I got greedy and wanted to see if it could run more. I soon turned against me and I sold for a loss. I had the right idea but have to train myself to take profits.
This was initially on my watchlist for the day, I literally turned away for a couple minutes and looked back and saw the run up. Instead of chasing I wanted for the first pullback, when it did I got in. The exact bottom was 1.18 and I got in a 1.20 it went as high as 1.24 and ideally that's when I should thought to take profit. Had a plan and cut losses. Small win
Bought this p/m runner thinking I can catch a bounce. only it was a falling knife that kept falling. The market condition was terrible for longs b/c of trade talks so thing kept falling. In hindsight I should have waited to see where it bottoms and do better a cutting losses quicker.
This was spiking a got halted and in my experiences so far whenever there was a volatility halt the stock came out rocketing to higher highs. This stock did not. As soon as it resumed it dropped down and got halted again. I knew then that when it resumes there will be a panic so I have to sell fast. I did sell as soon as it resumed for a loss. This was a gamble trade that was hard to mitigate risk
I wanted to buy this at 90 cents where it looked like to be bottoming and see if it can test the hod of $1 but I hesitated and chased so I bought at 97 cents to see if it would break thru $1. It did not so that's ideally when I should have sold and been up like 2 cents but I held HOPING it would come back ughh. It did not and I averaged down until it broke 90cents and I sold which set of the PDT rule. Such a shitty trade
This was a huge runner the day before and I locked in some great profits from an earlier trade. It was still scheduled to present at an conference so I figured it still had some room to run. But it I fucked myself over because I ran out of day trades and was stuck in this no matter what so when the company did a public offering at 1.65 right before market open, I got crushed. No keen on o/n bio-tech stocks anytime soon