No way I should have traded this...Bought it on news of a share buyback and thought it could hit mid-4s. BUT, was catching a flight this morning. By the time I got to the airport it dumped but was back holding near its morning high. Held until I got onto plane and watched it start reversing, cut it when it broke 3.50 key level. Stupid trade.
Thought about swinging this from last night and selling today. But I didn't, and then it went from 12 to 19 in early pre. After taking so many small loses. I had it in my mind that if I just go in slowly, and then average down, it should pop eventually somewhere. And so I did just that. First of all this breaks the never go more than 20 percent of your account rule. And second of all, this isn't true...a stock can keep downtrending. This stock is currently trading at 3. See blog notes.
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.
