Man oh man.. Do I not think clearly when I have a day off from work and can watch the market without having any other responsibilities in the morning. I watched DCTH start breaking out and quite honestly I had no idea how to play it and I chased it. I had put a limit in at .185 but wasn't fast enough to get executed. Then I realized something.. I haven't cancelled a limit order yet and couldn't find the tab where to cancel it.. LOL. What a noobie mistake.. Yeah, I got executed after it crashed from .21 to where it's at right now. Of course I sold right away because when a sub penny stock takes a 4 cent plummet that's pretty bad. Only lost 15 bucks off 650 shares. Still, what a mistake and a very preventable mistake this was.. I'm sticking to only trading when I'm sitting in the parking lot at work because I don't chase stocks no matter how well they're doing. I stick to my plans that I wrote down from the night before and if the stocks don't fit my criteria I simply don't trade and protect myself/my account. This isn't embarrassing for me to admit, this 15 dollar mistake taught me a lot. Sure, after I stopped panicking and figured out how to cancel limits this will never happen again. Lol... Can't believe I did this to myself today. Don't be dumb like me :p Now to move forward!
I'll be looking for some dips tomorrow in the morning. I really liked your size into your position advice you gave me. That worked so nicely today. Lol 😂😂 the people who are "ready to be in an orange Lamborghini when this hits 4 dollars a share" type of people 😂
I made a decent dip buy on SPI a few weeks ago during its run up. But just the lessons I learned today I look back at that trade and I could have played that one so much better even though I made a decent trade on it.
@Skraft Good for you on the sizing in stuff. That just calms the mind and you dont get eager to cut losses to quickly. Just be careful on falling knifes. Just sold most of my position. The volume on DCTH is drying up i think. By now the volume is in the millions. We may have volume exhustion coming into play. If it runs i will just rinse and repeat.
Well I was sizing in on a breakout, added on dips. Never hit my risk and the dips I added on were higher lows except one of them which hit .29 but I didn't panic there. Yeah, I'm thinking it's very overextended now. If it can pick back up I will go for another play but I think it's sympathy plays may have a better day than it will.
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