I'm long $PVCT for the last month. PVCT was my first big trade. In the first week, PVCT went up 10%. Except for a small gain, I have otherwise lost since then.

Lessons:

- don't add to a losing position

- look into ISO's (they may indicate dilution)

- don't hold onto a losing position in hopes it will go up

- set a STOP order when placing a trade (for now I need it in order to take the emotion out of the play)

- focus on charts not forums

- end the day in cash until you (finger pointing to self) have my tools at your disposal to go long

Once, I clean up this mess, I'll share my total loss and figure out how to start posting my trades. Things will look up from here. I hate losing..at anything : )

 

Ciao