Filters (0 applied)
Gold began to fade and when it came back up I thought I'ld get out of this long swing trade. I will enter back into gold when it starts moving again. For now there may be a pull back after this latest pop based upon the upward channel its in. So, I'll wait for it to pull back and buy back in at a lower price.
This swing trade went South on me and continued South. Then I made the mistake of averaging down twice... I am sure this would have eventually risen, I just did not have the patience to be a bag holder... so I add it to the string of loses I've had this month *sigh* ... been a red month for me. Lesson learned on this one is to read up on the current events surrounding this particular biotech. I missed the fact that their chief medical officer left the company, plus shareholder lawsuit...
Pain became too much for this horrible speculative play I made. Was smoking too much hopium, hoping it would come back. "Hold and hope" is not a strategy.... this was a long term swing that just could not swing. After bad data followed by bad data, I tried to average down and get out. Chased a falling knife and got skewered. I really hope I learn from this one. It was very painful. I had several opportunities to exit with a small loss, but didn't.
TGC was an earnings winner that held its b/o (just barely). It had a history of spiking and retreating, so I knew I had at least one day. I was wrong. I held it overnight and it dropped 40% into the open. I saw it also had a history of bouncing, so I averaged down at support, and it returned and spiked nicely enough for me to make a profit off of the spike. Scary scary scary.
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.