So, my first trade had me chasing and I bet I'm the only one that didn't profit off this stock today! ugh. I honestly thought $DCTH would run much higher than 0.30, but, I was wrong and it topped out right when I bought in. Once it didn't go as planned I sold half when it started dropping and sold the remainder when it didn't go back up to 0.24. Needless to say, I kept an eye on it all day. It never passed 0.23 again and it closed the day at 0.22. I need to see the whole picture (pattern) and remain disciplined throughout each and every trade (no more chasing). I did, however cut my losses quickly. I really wanted my first trade to be in the green. Back to studying I go...
Posted Jun 21, 17 1:27 AMbyBraves_57
Categories
Trading Mistakes
Tickers
DCTH
Related Trades
Make sure to cut losses quicker especially with super fast moving stocks like DCTH.
thank you. maybe next time I'l be more aggressive and hold till the spike the following morning, which would've at least kept me in the green.
My first trade was on DCTH too last week. Lost nearly 200 bucks even though been studying for nearly a year. It's crazy how much emotions play a part come game time. Good luck on your journey!
Join now or log in to leave a comment