Got in to $VGZ this morning @ 1.58 thinking it would continue to run because of the strong Pre-market high it had of about $1.80. The low in pre-market that I used as a stop loss was $1.54-$1.55. After the Brexti votes last night it was said that gold would go up as I though, and this morning my hypothesis was only becoming more bias after looking at the chat room and twitter, ect.. $VGS moved up almost $0.10 initially at the open, so I picked up shares @ 1.58 exspecting the bounce. The bounce happened around 10:30 A.M today, this being said this situation reminded me of an AnswearStock episode with Tri-Force saying that he usually doesn't get into any play for at least 15 mins after the open because he wants to be sure about the movement of the stock. This is what I need to do, keep my patience and be a sniper like Tim and put away my 12-gauge like a reckless noob. Learn from my mistakes. Cheers!
p.s. actually got out of the trade @ 1.45 by misreading the bottem in premarket. Cut losses, less than $100 loss. Thanks for the rules Tim or I probably would have let that one get out of control, besides it being @ 1.57 now, LOL.
I definitely made the same exact mistake. Lesson learned.
i did well holding $VGZ.At least half anyway. But what you did with $VGZ was what i was doing with most of my trades. And as you stated about Triforce.I saw that video and decided that i would learn to short or wait those 15 minutes. Though my entries are my weekness. I my trades have gotten bettter.I am a newbie my self ,2and a half months in. I am looking for some others newbies to maybe help each other through the first part of this journey.If that sounds like something you might be intereste
d in send me a message. Sorry it cut the last part off.
@Traderaider42 Of course, thats why we are all out here going hard! I'll be posting watchlists, and random posts list this pretty frequently so I can see my mistakes on paper, and try to help others no make the same mistakes.
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