This was almost an exact copy of my PRPH trade in that it went vertical and dipped but no bounce after. I held too long an took too big of a loss on this. CUT LOSSES QUICKLY!!!!!!!!!
#1 rule
It looked like it was making higher lows, so I took a position willing to see if it would go up.
Bought it low. sold too early but it's a small account and a good gain. Plus less things to distract me.
Attempted a PM dip buy. Initial entry was too high. I tried to average down (a bad habit I still haven't eliminated) only to makes my position worse. Held hoping for a rebound which never happened and sold for a slightly higher loss than my 2025 target percentage. I have to learn to do better at rule #1.
Chalk up this loss to poor entry and then attempts to average down Selling for a small loss. Could have sold for a lower loss but was not available to watch.
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.
