This was absolutely disgusting. I have no words. This stock went from 2.30 to a premarket high of 10. I thought it could at least get somewhat close, but after spiking to 5.25, setting that high right after the bell, the stock just spilled off 20%. I couldn't even get out, I had to take the loss. But I made my loss worse when I accidentally doubled down, Fat finger mistake, and bought instead of sold at 4.30. I had to get out at 4.0005. Then, I revenge traded and bought at 4.25 and now the sticks at 4.16. I'm just gonna get out now, I can't take this shit. I just wasted the two day trades I've been waiting all week for. This was so bad. I gave away my profits entirely. I knew I was a better afternoon trader and I went for the morning anyway. I'm disgraceful.
Wow, I feel yours as well, it seems we both fell for the same trap. Thank you for your support, it means a lot.
I got into the same trade at noon today. I took a rather large position at $3.04. I also took a pissed off loss at $2.44. This wasn't the only loss I took today. In total I'm down $173 today. It was a %16 loss on my overall trading capital. Be happy you can afford a margin account because I can't. Ask your broker about cash accounts if you only take long trades. Cash accounts have allowed me to take more trades when the opportunity comes up. Hope your are okay. The stock market rips 90% of peop
*The stock market rips %90 of people off and I'm one of those people .. I've lost over 40k since beginning my trading journey in 2017. I just love it and hate it.
The cash accounts is definitely the way to go, I recently found out. The downside kinda sucks but not as bad as the PDT if done right I'm assuming. Sorry about your losses, I hope that's including the tuition
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