Tim alerted this one. I looked at the chart and said to myself, "buy only if this breaks out above that key 2.90 resistance." It has to prove to me that it's worth my money. Sure enough it did. So I bought in, to hold over the weekend. Tried to exit at 3.12, but the stock moved fast and dipped back to the 2.90 levels. I had to re-place my order to get it to move, this time at a tiny loss instead of locked in profits. I learned a few things though (using Etrade properly for one).

I was in the chat in which it was reported to be a pump and dump, but thought it would break out above 0.90 since 0.89 seemed to be resistance. It hit 0.90, but immediately crashed. I cut losses quickly. Since then, I stumbled across this lesson from Tim: https://profit.ly/content/premium/1387?aff=12 What did I do wrong: Bought into a stock known to be hyped. No actual catalyst to support an actual breakout, since this is a suspected pump and dump. I'll keep studying.

When I entered, I immediately didn't like the play as it didn't spike like I thought it would. Rule 1 is to cut losses quickly. So I tried. ETRADE hadn't completed the order yet, so I tried cancelling. But then Etrade told me it had completed the order after that cancellation. Multiple attempts to sell later, and I was told 30 minutes later that my first attempt to sell had gone through. -20, and -9.99 for the trade fee. Don't enter unless you are sure!!! Otherwise panic sets in.

FIrst win ever. Was watching SKYS looking for a morning spike. It hit my chosen breakout level of 4.00 a share, with huge volume, on news of a contract win. Exited after 4.75 to lock in profits,

First trade ever. Entered at 3.25 after it spiked up from 3.00. Saw that there was support at 3.10-3.15, so that was my risk, and was hoping it would go to 3.80. Exited at 3.15. It spiked to 3.50, but quickly crashed back down. when it went under 3.25 I bailed as fast as I could. Cut Losses quickly is the first rule. It crashed further to 3.00 so good thing I did. Good thing I followed the rules.