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This stupidity speaks for itself in not cutting losses quickly. I averaged down twice thinking I would see a gain on this reverse merger play as everything I've read about reverse mergers is that they are a positive situation with the potential for gains. Obviously this is not the case, at least related to this particular stock. All I can say it one big fat OUCH!!!!! This one hurts big time and I am posting it to be completely transparent although it is quite embarrassing.
I knew this would be a money maker for me but I ended up a bagholder and had to sell when I simply needed the money. It spiked hard a week or two later and I could have realized over $3000 gain; instead I was forced to take this substantial loss. There are so many lessons to be had with this string of bagholders I've gotten myself into. Very hard lessons. But ones I will not make the mistake of having to learn again. Please do not make my mistakes!!
Another trade followed from chat room instead of it being my own. Got out before close but had I held for a day or 2 I would have made some real money. Still, I should not be following anyone else's comments from chat unless I've done my own DD!
Stupid bagholder due to following someone else's trade from chat without knowing anything about the stock. Finally had to sell as I needed the money; spiked shortly thereafter and I could have taken a healthy profit. Ugh... do not want to buy and hold as a general rule. Lesson to be learned (unfortunately a few times for me).
Averaged in over 3 days after doing DD. Held over weekend for news to be seen/digested and sold into pop on Monday morning.
Price action wasn't doing what I wanted so cut losses for minimal pain.
Played it way too safe on this one; was afraid of holding over the weekend. But at least a small gain.
Only 50 out of 2000 shares got filled, so while a gain it wasn't even enough to cover my trading fees. But on the right track seeing and following price action at EOD.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
