Again with the bagholding. I guess I like to learn lessons the hard way, straight kick to the junk, but, I will learn. Let's start with the longest bag...
$MNKD - have had this sob too long. average price of $4.88; yes kill me. CUT LOSSES QUICKER -- looking for any kind of spike up to the $3.20s again where it's been in the last 5 day chart. GET OUT, LIVE TO TRADE ANOTHER TICKER
$CYTX - another bag that's weighing me down - CUT LOSSES QUICKLY - it got to the $.40+ yesterday and i was greedy instead of seeing my opp to lessen my losses. HEre I am at $.34. CUT LOOSES QUICKER.
$CLSN - this one I entered today. bad move entering at the morning spike of $3.60. should have trusted my analysis p/m where I journaled that it would retrace to the $3s before gapping up. Instead I saw my profits come and go. Looking to see what this does as I added 500 more shares at $3.05. Ave pps $3.33 - looking for a spike into that tomorrow, break even or SL @ $2.85
This is real hard - but just has to be a rule - CUT THE GOD DAM losses quickly - its the only way to ever grow your account - GL!
Join now or log in to leave a comment