So... 


Bonehead move after bonehead move. FOMO hit hard. Chatroom chatter was going crazy and people were banking left and right. This was what I saw.

So I bought 700 shares of PRGN @.0905. Looking back, this trade wasn't necessarily a mistake. However, I made foolish mistakes constantly breaking Tim's rules.
- The stock was not hitting a key breakout
- The stock was not hitting a key breakdown
- I had no exit point
- I did have the plan to minimize losses and was sitting on the sell button ready to go
- I traded with far too big of a position

Stock immediately tanks. I arbitrarily decided .15 was my risk and would sell regardless at .75. 



Stock dropped below .75 rapidly then rebounded. I failed to execute my arbitrary exit plan because I saw the stock going up. At this point I decided the stock wasn't going my way and got out for a loss of around $120.

Then this happened:

Stock broke out above $1. Refused to get in. Got halted and dropped. Spiked up again. I said if it broke out above 1.60 I'd buy it. Broke 1.60 and got halted. I wasn't going to leave my order in during a halt. Tried buying again. Got halted before I could get in. Repeat this process 3 more times. Stock broke 2.60. I managed to finally get in at 2.64. Pretty much the top. I chased it. I should have just stayed out or stayed in. Either way would have been good.

Again I broke the rules:
- The stock was not hitting a key breakout
- The stock was not hitting a key breakdown
- I had no exit point
- I did have the plan to minimize losses and was sitting on the sell button ready to go
- I traded with far too big of a position

Then this happened:

 

Stock kept getting halted and I couldn't get out. It had a small rebound @ 1.50 so I suspected it had support, but once it hit 1.50 again to test it, I panicked and got out. Committed myself to not touching anything else for the rest of the day.

And of course this happened afterwards just to rub my face in it.

I have no one to blame but myself. I didn't follow my own investing rules. I didn't follow Tim's rules. I just winged it because I didn't want to miss out. 

What I should have done in the moment:
-Bought at just above breakout points
-Sold at first uncomfortable sign
-Traded with a much smaller position

What I should have done looking back in hindsight:
-Bought at the open on the good news and held it until the stock started getting halted OR held it for a few days while the news plays out.

Corrective training:
Restricting position size to $100 until I can minimize losses 3 consecutive times.
Restricting trading times to first and last hour of the day until I can turn a profit 3 consecutive times.
Restricting buys to within 2 cents of a breakout 3 consecutive times.