I bought this and thought it would run, but it was the opposite. As soon as I realized I was down about 4 bucks, I wanted out.
My mistake led me to hodling during the big pullback. I had Tim on the back of my head saying "Rule #1" and I wanted to, but I also knew that $AMC had a tendency to go up again so I decided to swing it and I added to my position to lower my average point.
Anyway, I couldn't help it and I felt bad about my move since it goes against Tim's beliefs and I am trying to learn from him so after seeing more pullback, I decided to jump off the boat. I took a big loss and it definitely left me feeling anxious the whole day. This has been by far the biggest loss I have had since I started trading. I wish I would've just waited one more day and at least try to break even.
Of course, it ran up again with the earnings anticipation, but I don't think it ran that much. Anyway, two lessons were learned here.
1st lesson: Cut losses quickly.
2nd lesson: Don't add to cover. Swing trading is dangerous. lol.
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