I had a good start of 2018, make over 14k on $MU $CNET and $XNET.
Never expected a 30% drop of the stock I picked and held over night (mistake 1: holding something risky over night/weekend), by Friday before stock market open, there was a bad news about the stock and the stock started crushing, and I made my second mistake: added more position to average it up instead cut loss quickly. ( could have been $2k loss instead of 6k loss). The stock kept crushing and I made my 3rd mistake: added margin and bought more shares the second day. (6k loss became 11k loss).
Lessons well learned. Will post this trade when I feel like it.
Good luck all.
Posted Jan 22, 18 11:04 PMbyAries
Categories
Trading Mistakes
Received 1 Karma
i feel you brother.... my biggest losses are normally after i have had my best gains.....something to be mindful of.....protect those gains
@LegalPimp your comment reminds me a of a quote by Connor McGregor "You sleep on a win and you'll wake up with a loss", I think its a good quote because it reminds me to stay humble every day in the market. I still have a long way to go but Its a good quote! :)
Thanks folks!
funny you mention connor mcgreggor.....i am a huge mma fan and a certified referee for the state of iowa
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