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Got this stock on a runners screener in STT. Pot stock with news. Got the morning spike up to $8.23 but missed my shot and hopped out when they started crashing down past 8. I know I messed up. I know I got out too soon and should have relied on my support, which was at 7.75, but nerves got the best of me and it is my first official day as a trader. Any thoughts on this trade are welcome and appreciated as I need to learn.
This is a former runner that I found researching for earnings winners. Bought impetuously on rumors and speculation. Figured from the chatter that is was going to spike Monday or Tuesday. It happened today instead, and when it did, I freaked in all honesty. (this is the first stick I bought) So the first time I saw red on the rise I got out. It ran to .395 so I missed a little but I learned a lot.
Got my first trade completed. My thinking on this was that it would move a little more than it did, but I waited to see what it was going to do got in at .014 in the morning and got out at the end of the trading day because I was to unsure to hold overnight on my first trade.
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