My 2nd Green week. Honestly I am still shaking from what had happened this morning with my trading. Basically I got a great lesson without losing money. I had seen the move SPI and SUNW had done yesterday and when I had seen SUNW was up well Pre-market it was definitely in play.
Now I broke one of the cardinal rules in that I decided to jump in as the price started going nuts right from the off going from 4.50 to 5.30 approx within seconds. I hit the buy button and i was in at 5.11 over the next 3 minutes I watched in horror as i was down $700 (twice my gain from the start of my trading) and that was 25% roughly of my entire portfolio. It went into suspension and my heart was pounding. I was in disbelief and wondering "WHAT THE F**K DO I DO NOW?!!!"
As I was waiting for it to come out of suspension I thought to myself "No way this is coming back to parity with your open" - Suspension lifted and the stock started to move again upwards. As it was coming back i could see it getting close to VWAP and was wondering will it break through?!? or will it stall. It busted through and went to +3.72% from my position and then went into more suspension!!
I decided okay your hitting "Market" sell as soon as this thing opens again. BOOM out at 5.41 - i had gotten my 5% - honestly i wasn't happy I was just relieved. Lesson learned - Loads of money left on the table but in a trade where I was down 25% within minutes I was just happy to get out the other side with my a**.
That's all my funds in "unsettled" now until Monday. Enjoy the rest of today and tomorrow folks. I'm out!
Love the transparency, keep pushing
Join now or log in to leave a comment