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Made a little back, wanted more but this stock is not treating me well so I'm cutting ties with it. Gotta get my head back in the game.
I had the right idea and a great entry, didn't give it enough time. Tim bought and I saw it was low volume and stalling around 12.80 so I shorted small position thinking it would come back down after buy alert frenzy faded. It came down a little and started sideways so I got out. Minutes later it crashed over a $1 from bad news. Should have made $500+
Tried to buy thinking the volume would send it to 5, turns out I bought at the high. Didn't pay attention to previous levels.
Undisciplined, went into the trade with mental stop at 4.10 and broke it. Panic covered near the high to watch it come back down to 4.
Gave it a few days but no dice. Basically break even after borrow fees.
Thought it would come back down...it didn't
Had the chance to get out for 20-30 cents gain but chose to hold and hope it would bounce back. I stupidly just watched it continue to fall and became a bagholder.
Didn't pan out, didn't give it a chance to become a bigger loss.
Easy quick money shorting Stockmister a minute or two after his compensated release.
Covered a little to protect myself over the weekend, very happy with this trade.
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