FGD w/ speculative news. terrible loss
I got in this trade because it was OTC Top 2 Biggest % Gainer with Volume & PR yesterday. Dip bought 8:43 $0.0048, using a pre-set Limit Buy, at yesterday's b/o support & 27% off 8:30 $0.0066. I try to buy 20%+ off at past support. Price bounced & hit $0.0052 8:44-8:51 but I failed to see it as a wall & my goal was $0.0053 minimum so was patient. Price hit $0.0051 11:23-11:26 but I failed to see it as a fail. Got out 14:48 $0.0049 as there is a wall on the Ask at $0.005.
Oh JZZI, how you've taught me many valuable lessons. Lessons about overnight holds, position size, and of course... cutting losses quick. This one hurts a lot, biggest loss by a mile. Cancels out the good work from last week. This trade is the kick in the shins I needed to further crack down on my studying, my trading, and my due diligence. This was a good trade in terms of education and motivation. Cant make up the loss in one trade either, just gotta do the right things and chip away.
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