To start the day I checked my my over night trades, LBIX was down one cent a share. Feeling fine with that I looked over to BTSC, it was up by $.003 , feeling happier about that I looked at my most promising stock SDRL, It was up one cent a share. with 700 shares in I was feeling good about this I would be up if I sell at opening. So Lets start with LBIX. Opening with LBIX didn't got the way I had planned. it started to tank.. With it history of falling fast I decided to sell. I executed the sell at market and at $1.52 a share. I accidentally sold only 30 of my 300 shares by the time I had realized this it was going back up. I was thinking that it was people covering there shorts and I should sell the rest of my 270 shares. so that is what I did. 170 sold at 1.59 a share and the other 100 sold at 1.58 a share. having gone in at 1.715 a share that gave me a loss of $40.50. Then there was my winner. BTSC I had bought 1000 share the night before at .0977 a share and it was going up it seamed to be plateauing at .010 a share so I went to sell. the sall executed at .099 a share giving me a $1.30 profit. and with no commission fees I took that as a learning experience. Then there was SDRL... My false winner. You may be asking why I am calling it that, well just pay attention and you will see. I bought 700 shares at .4114 a share last night over night SDRL spiked to .605 a share. hoping it would continue or at least hold it didn't. However it open at .468 a share which is still a profit. it was still going up so I decided to let it go up more, I was hoping it would at least hit .50 a dshare. it seamed to be plateauing at around .49 a share so I got out at .499 a share, Or so I thought. I did the math and was feeling really happy. I was up $15 for the day.with only one day trade left for the week I logged off and went about my day. around 3 pm I decided to get back on and see what I could do for overnights. then I noticed something odd. my account balance was lower than when I left that morning. thinking that was strange I decided to look and see if I had any positions I had missed. That is when I realized rather than selling 700 shares of SDRL I had Purchased 700 shares..... and to top it off it was down to .36 a share. with one day trade left I had a tough decision to make. Do I ride it out till the morning then cut my loss or sell now and not risk it dropping and more. The decision was not an easy one to make, but I chose to cut my loss early and use my last day trade. Selling all 1400 shares at .36647 a share... giving me my biggest loss so far at $116.20. Beating myself up over such a stupid mistake all I can do is keep telling myself that it was a learning experience. Every loss can teach us something and what I learned today is that I need to be more patient when Executing trades and verify I have the right position size and my order is what I want.
tough afternoon to keep spirits up as it will wipe out my last 4 wins if it doesnt but it wont put me out of the game so I'm just trying to keep that in mind while i keep learning
I've also borked an order too, and had the etrade software lag out and try to screw me up too, keep at it man, youll start making headway soon, it took me at least a week and a half
My son wanted to watch Meet the Robinsons and it was like a sign
https://www.youtube.com/watch?v=7p_eKV3SzwE
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