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Biggest loss yet. After watching Tim Grittani's webinar/conference from 2014 I reached the conclusion I have a problem he mentioned there. I know a little bit about everything, but not everything about 1 or 2 setups. So that's where I will be focussing now, and creating my own checklist to help me stick to these rules.
Stock did not follow my plan, small loss
Did not follow my plan, cut losses quickly
Cut losses quickly
Summary of this trade: No more trades until I'm done with reading ''reminiscences of a stock operator'' and ''Pennystocking Part Deux''. Need to work on my strategy because clearly all I have been reading wasn't applied here.
First trade, commission ate my profits. could have sold pre-market at $1.75, actually believed this stock could go higher in the morning, surely never doing that again. I was waiting for the stock to get back to $1.75, since that took to long I sold at $1.69. On to the next!
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.
