-$56 Loss
FNMALong Stock
AlexSalf

ENTRY: The day before the stock broke out and was closing very strongly. I didn't have any buying power left so I couldn't buy it then. I was hoping for a morning spike to buy. I bought on the first pullback. EXIT: It didn't reach my goals and I didn't take profits. The stock crashed hard and I didn't cut losses at my risk. I exited on the bounce. LESSON: Don't buy a stock for a morning spike after it's gone up for over a week. Too overextended. Cut losses quickly.

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Broker:ETrade
DatePrice
Entry1/25/20193.10
Exit1/25/20192.985
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