Quick sniper trade here, I was looking to buy around .30 yesterday but couldn't get executed and didn't want to chase. Bought this morning right at the open and got out almost immediately for a quick 10%. History repeats itself, this had a quick morning pop on day 2 last time it was pumped, and it did it again this time as well!
Entry comments: order #, XDA959020170718
STARTED OUT AT .16 /SELLING @.38 BEFORE STOCK DROPS
Took a very small chance on this blatant pump and dump stock for a dip buy off the highs of .92 but the pump was clearly over. Took a small position because I have never traded the actual OTC pumps and wanted to dip my feet.
Foolish Buy. Should never have bought this early in the morning when I knew that I was going to have to keep it overnight, because I didn't have any Day Trades. The one good thing that I did on this trade was to get out when I noticed a Bid that wanted more shares then I had. The volume wasn't there any more, and I knew it, so getting out made me feel much better.
I chased this stock making money originally and then held too long and failed to cut loses quickly and killed my account. Bought stock on news of a contract win and missed the opening and failed rule # 1
Broke Tim's Rule of NOT TRADING NON-VOLATILE STOCK. Cut losses quickly
this was such a mess trade, I bought midday without an exit strategy or possibility hence my biggest loss. I needed it to rethink my position.
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