Today I was watching at my Watchlist and my Screener then NVLN was my on the move. The only thing I knew that it had a Loan Agreement and had a high % spike yesterday. I was anticipating that it could do the same today.
This morning at the market open, it had 20% spike even before 9:45am and because of FOMO I took 500 shares at 1.75. I was desperate, undisciplined and wasn't thinking. After that buy-in it started down trending. I should have waited for the the consolidation. Although I set a support level from yesterday's chart. Still could have choose a better entry level.
I was holding and hoping that it could reverse uptrend again. After the consolidation, I was down 10% because of my stubbornness. But after a while it did uptrend and added another 500 shares at 1.60 hoping I could lower my average price.
I see buyers at LEVEL2 and volume is coming so I added 500share at 1.64 and another 500 at 1.78 with a total of 2000shares average 1.70 and stock topped at 1.93.
At this time I got lucky and greedy at the same time with 10%++ or $300++ unrealized profit. I have waited again and the stock consolidates and dropped at 1.70 but bounced back up. Since the stock has been moving fast, this time I got frustrated, scared and shaken out. The market humbles me as I took out 1500shares at 1.80 with only a 5% and took the other 500 shares out at 1.76 with another 3% profit. IT was all LUCK! It was only 10:40am
After that trade I kept looking at the stock and wondering what was I doing? What was I thinking? How has I wrong and How can I improve myself? Lessons: Prepare yourself, physically and mentally. Plan ahead with the entry and exit. Plan risk and reward ratio. Stay and be safe. Be disciplined and stay focus. Always follow the rules. Avoid STUBBORNNESS. Need/keep studying more. Review all video lessons. Still have a lot more to learn.