Worse trade since opening up my account. Was about up 200 with a small 3k account and whipped out my whole gains and then some on a very stupid trade. $MBII is a very crappy stock and was short since last week. All of some investor dumped a shit ton of volume into the stock and I panicked. I sold quickly and now would have been up about 150 if I held on.
Things I learned. Don't risk such a large position for a small account. Tried making a large trade based on fundamental analysis but got crushed. Like Tim Grittani says, "It's not a race, it's a marathon."
Definitely will play very conservative this week with much smaller positions.
Can't win them all.
sorry to hear that, don't give up; thank you for sharing.
Thanks for the support haha Valuable trading lesson, will use to better my decisions!
Don't feel bad, I'm currently sitting on an unrealized loss of a little over 1K due to my own stupidity and the stock I am in being suspended. I can't even sell it right now to get out of it.
@Rollingball Damn that sucks man, gotta just regroup and study your poor plays. I'm sure you'll get back on track!
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