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Definitely not happy with this trade. Bought in on the back end of this move. Did not stick to my plan right away and waiting a lot longer to cut losses. Still risked .10 a share but very sloppy. Will study this trade and learn from it.
After missing GNS yesterday and not being able to pull the trigger. I recognized a similar pattern with LYT this morning around the $1 area. Bought in @ 1.21 and sold around 1.72. Still rising atm but will not get greedy this time around.
Have to follow my gut on this one. Was afraid of bag holders due to a recent spike in the beginning of August. Must have better discipline on the next one. Was able to cut loses quickly.
Need to STOP bad habits fast! Before I bleed this account to death.
Had to cut losses after it went below 2 it then hold support around 1.93 and quickly bounced to 2.20 got faked out but for future preparation need better-calculated risk/reward.
Stubbornness and not sticking to a plan will lead to disaster. This is proof. Always cut losses quickly. Have to keep on learning.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
