Bought MDMP in March when I was just gambling at an average of 0.58 (sadly I bought it at the top 0.9 then averaged down because i had "hope" for the company) Was looking to close the position today since it went up 100% and I just wanted to cut my losses but i took my time and look at how the chart is closing strong.
Tomorrow I will think to close and take whatever the market can give me if it is the right time. If there is a morning panic i will cut my losses and not care for a bottom and place an order at the bid to get filled asap. If there is a morning spike I will watch it, I am looking more for a morning spike since it closed strongly and volume is going up. If it goes the other way oh well.
Going to be patient on this and also see what happens in the morning (the gap up/down or morning spike/panic is doing), but I know this is shitty company, with shitty fundamentals and is a repeat of last time, the only thing is I am more prepared this time then the last time with the knowledge I have now. The best part is I will go in this trade knowing the most important thing which is I have no clue what will happen and need to play out what cards are given to me.
EDIT: Nothing more to say, I`m still a bag holder because I`m not comfortable losing out that much. Ill let it play out it was all money I was willing to loose anyway but I am not willing to just let all of that go. Going to wait for another spike and set an alarm hopefully from another breakout I can collect some money back. Overall horrible trading experiance from the past.
@timothysykes Hi Tim, was just wondering if you had a moment to catch this post. Would this be an okay framework to go off of mentally into a loss that I created for myself 4 months ago? Thank you!
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