After coming off a big $38kish loss on $HCMC I slowly worked my way back and wiped that one out through mostly good trading. Fast forward to Early this morning. I was up almost $900 on the day and i had just advised people that $INCC in the challenge chat before the massive crash to be careful when it was above.008. Not even 5 min after it started to tank and I was thinking dip buy. I think I bought 9-10m around .0071 which was way too much to start so already got off to a bad start. to make matters worse, etrade glitched and I couldn't tell how many shares I got filled for and the stock went lower. I kept foolishly adding on the way down trying to fight the tsunami of sellers completely oblivious to the fact that apparently the company/ies that they were supposed to do business with denied being involved with $INCC which caused the panic in the first place. I eventually had between 40-50m shares at one point and eventually realized that around .0035-.0036 to add more. I added a few more shares but it turned and I couldn't cancel my add on shares on the pro platform. To make matters worse, I only cut between 5-10m shares on the puny bounce and got filled on the turn for those shares. the stock kept going lower so at this point I wanted out at almost any price. Desperate, I put in order near .002 but still barely got filled. I finally went in to the etrade website and manually cancelled all the limit orders and redid them all and magically then they all executed.

 

This description may not be perfect but i'm still trying to mentally recuperate from such a shameful egregious loss. I ask myself even now why? How could I be so reckless and wipe out 3 months worth of trading in a single day? How long will it take for me to make this back? Needless to say I had a hard time sleeping and at times was an emotional mess.

 

This gets me into some self imposed rules that i will set for myself or try to

 

#1, At least for now, I will NEVER trade sub penny plays again. I should've known better that unlike penny plays sub penny plays don't bounce well at all

 

#2, If etrade starts to act funky I will try to put it down and NOT trade while using it as this really exacerbated the already horrendous loss.

 

#3, will adjust my risk management better and have put myself in a timeout for now where I will downsize to focus on precision and prove to myself that i'm willing to take a decent loss instead of fighting it and it turns into something like this.