It's Thursday, and I think this pattern thing may be catching on. This morning, I determined MBOT was going to be my possible play. I made the rules to only play this IF there was an early panic sell, and only at/near the bottom. As I watched the P/M and saw the price go up, I told myself I missed it, but I would wait. At the opening bell, the stock dropped, which got me sitting up. The stock leveled at around 3.70. then started its climb. I pulled the trigger, buying 200 shares at 3.80. Then the slow climb started. Half an hour later, it hit 4, and then 4.20. Being at work, and not being able to fully watch this, I set my stop at 4, to assure a profit. 10 minutes later, it hit 4.4. I changed the stop to 4.10. 10 minutes later, the stock dropped to 4.1 (one tick), and the stock sold. $46 profit. I was overjoyed, especially since I saw the play by myself. Then, the inevitable happened. The stock hit 4.7, then 5.0, then 5.5! I got sick to my stomach. I just left about $200 on the table!! As I sit here now, with the price hovering 5.60/5.70, I think to myself what could have been. But I also tell myself "You made money, you saw the play, you stuck to your plan, and you came out ahead!" Maybe next time I'll stay a little longer.
We are all been there. You are looking at it all wrong. "Remember what you said 10 minutes later, it hit 4.4. I changed the stop to 4.10. 10 minutes later, the stock dropped to 4.1 (one tick), and the stock sold. $46 profit. I was overjoyed" . You had a trade plan and you stuck to it. If you ignored your plan and the stock dropped .50 cents instead of up you will fill even worse. Stick to your plan and continue to hit singles and don't aim to hit home runs. You will build your account slower
but you will feel more accomplished.
I think You played it Okey still - You stucked to your plan an Thats Perfect !
how did you find out about the stock. I'm having problems finding good stocks.
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