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At market close NXTD was showing hints of spiking. So I bought it into the market close. This is the biggest position I have had before. I don't know why it took me this long to work out, but my position size had been so small that it was really doing me no good in terms of profit. So this 750 share was a way to make something back in one trade. But I cannot escape the fact that this was a revenge trade - just being honest.
A fail on my part to cut losses. A dollar a share and losing $100 is my biggest loss yet, not much to some traders but at this early stage for me every little counts.
OPTT just kept on going. and so did I, in at $9.40 out at 9.60, small position making $10.08 on this trade. It was a good trade, but one too many on OPTT? Maybe.
For the life of me, I do not understand why for 29 minutes I'm holding a falling stock. This is classic denial, hoping it'll go back to it's former highs. IT didn't the afternoon fade came and faded away all those small OPTT dollar gains. Lesson learned the party doesn't last forever.
OPTT must have been spiking BIG. I didn't know how to stop myself, more, more, more. I soon learnt that you sometimes have to walk away even from a spiker once you've made a little bit of money. Live to trade another day. Or keep trading like the crash isn't coming and lose all that you worked for.
A simple trade, but good.
Simply a bad trade. I need to execute my trades faster when the stock falls of the face of a cliff. Crazy!
I don't know what was going on in this trade Friday the 15th was a bad trading day that I'm embarrassed to publicize but it's early days and I'm learning. I take these early day lessons to be not an exercise on how to make money but learning the disciplines on how to make money.
A late morning spike for SPU, and a small gain on my part.
This trade came from Tim's alert about the spike. I was chasing because I was revenge trading from losing on OPTT. I bought at $6.10 and sold at 6.30, risky because it was near it's high of the day at $6.50. But I took my modest gains and went.
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.
