Week three went much better considering last week I lost $344.82 last week. This week I closed a position I opened last week and put that loss in this week. I earned 93.35 which is much better. The problem is I have an open position that I am going to close on GLBS for a loss in the morning unless there is hope there but thats not a good play or way to think. With that said I would still have a small profit of $38 if I was able to get out right now.
The two trades I executed well were on PXS I entered at 5.7 and exited at 7.67 10 minutes later. Things I need to do better on trades like this is calm down. I didn't use limit orders because I was so worried on just getting out. I got lucky and I know that. Another thing I learned is to continue to watch stocks you played and look for the same action. I missed it on friday but thats ok.
On Thursday I bought ASTC thinking it would bounce at 4.40 and sold at 4.30 when it wasn't and I took a small loss. I also saved a lot of money cause it continued to fall throughout the day.
On Friday this last trade that is still open was an absolutely loss of discipline. I thought GBLS at 1.72 would bounce and it did I failed to pay attention the the wall of sellers at 1.85 and could have sold at 1.83 or 1.84 for a small profit. Instead I watched this stock fall below support and kept my position. Now I am very far behind at 1.55 with a little A/H increase. Overall this was a very undisciplined trade. Part of my problem was this was my last PDT of the week and I didn't want to accept that I wasted it.
Great comments on your plans and executions. I find the same problems within my trades.
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