In this trade all possible awful mistakes. I bought MLNT in $5.11 for afternoon spike. I knew that FDA approval of Baxdela is coming. There was not afternoon spike, and I had to cut losses, but... When MLNT went down to 4.0sh my losses had been already very big. I made my second big mistake - I decided to hold it o/n and wait FDA approval! Nightmare of newbee. I could only sit and watch how my account blowing. MLNT announced that they have no money to produce new drug.
I wrote down last night the pros and cons of my trading up to this point. I tried to focus on getting better on a few of my cons. This was a long hold for me. I missed the morning spike on news but that didn't phase me to much because I usually like trading 30mins-1hr to see what price action has set in.
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