This should be subtitled, "What was I thinking??"
I had to work all day on Friday. Not being able to do any sort of research, I told myself to take the day off. Especially since I only had one trade left until Wednesday. I get home from work at 3:15pm. I decided to check STT and profit.ly just to see what was going on. I see 3-4 people excited about $WHLRW. "I made $700 off of this in 20 min." "I made over $500!" I look at it and it's up over 600%. Greed takes over. I ignore everything I learned and told myself, and I buy 750 shares at 0.51. I wanted a piece of the action. Then reality slaps me in the face. I watch as the stock drops! 0.48...0.45...0.41. I then gave my best Mortimer Duke impression. SELL, SELL, SELL!!! After the dust settled, all 750 shares sold for 0.33 (avg). A $134 loss. Everything I had gained from my last 2 trades gone in 7 minutes! I ignored everything I had told myself. Hell of a way to learn a lesson.
Hopefully I will never do this again!
wow man that was intense. Im glad you're open about your loses. I'm not even trading yet and I'm having trouble managing my emotions so I don't go run and start trading because i think I've learned enough.
Yeah, FOMO, being over eager to trade, those are some of the things I've had to deal with also just paper trading. Mortimer Duke, LOL, that's funny.
i started studying the markets january 20th of this year.. 2017.. since then i personally seen a handfull of these huge spikes that you spoke of, keep in mind i dont watch the market everyday,so point is , i learned that there will always be a good play around the corner.
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