-$294 Loss
MLGOLong Stock
SpencerAA

Entry comments: This was an emotional buy into strength and a failure to cut losses quickly. As I write this, I am holding the bag and the price is $8.75. It has coiled and remained above VWAP throughout after hours (it is currently 7:06 pm), and I will probably hold overnight unless it spikes to a more acceptable loss level before end of after hours. Not my finest hour, but BIG lessons learned on this one.

Exit comments: So, this was stupid. I absolutely broke all the rules on this one, and learned many lessons. Always cut losses quickly. Don't buy once the strength is heavily apparent. Always cut losses quickly. Don't hold a big loss overnight. Always cut losses quickly. F**k!!! Expensive lesson, but will learn it and all things considered this isn't a huge loss. Moving on...

000

Broker:ETrade
DatePrice
Entry6/4/202411.30
Exit6/5/20247.63
  • Total Views52
  • Position Size80
  • Percentage-32.48%
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