First trade ever before i found Tim Sykes. Saw a stock going up so i gambled and cut losses. Dumb mistake buying into an already extended stock. Key panic indicator very low volume on this particular play.
This stock spiked up to .31 and came down to a low of .10. I figured it wouldn't go down much further and eventually pop up to give me a small win. But that wasn't the case, the stock slowly went down hitting .02 and it finally began to uptrend at the end of the year. This isn't a very successful company so I didn't think the uptrend would last too long so I sold at .075. Im glad i didn't lose my entire investment on this one. I learned a lesson with penny stocks.
waited way too long on this. cut losses before it got ugly.
Didn't mean to hold this that long. I was going to get out at a $20 loss, but I got called away from my desk at work. I came back and the price had dropped. That's a risk of trading at work.
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