New Challenge Student. Just my study thoughts. Not trading yet. Not expecting anyone to read this. For "diary" purposes only.

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2nd paper trade in the books.  MTBC 200 shares.  Thesis: 8:30am Press Release would spike the price above the previous weekly hight of $2.40, causing this pump to set a new higher high.  

9:34am ET: In $2.13 w/risk at $1.91 (10% down).  

Reward at $2.77 (30% up).  

10:04am ET: Out at $2.22. $18 profit.

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Lesson #1:  BAD NEWS: Held too long.  In the first 30-min, it got stuffed EIGHT TIMES at $2.50ish.  I didn't take the hint lol.  Shoulda sold it then.  GOOD NEWS: sold it before it dropped further - as of this moment (10:55am ET) the price dropped to $2.17.  

Lesson #2:  MTBC was fun to watch/paper trade the past 5 days or so. But, I'm done paper trading.  Really need to take a step back and STUDY MORE.  Yes, I had two green days - albeit very small wins - in a row.  But, I don't want to learn the wrong lessons, create bad habits, nor give myself a false sense of security.  This is my new career and I need to get stronger on the art and science of trading before putting my real money on the line.

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Happy hunting, Snipers!