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This was a revenge trade pure and simple, and I paid dearly for it. It took me a couple days to calm down enough to post this. I am obviously doing something wrong. So for a while I'll be doing some things differently. 1st thing is to lower my self imposed position limits to prevent losses of this size(hopefully). 2nd, I'm going to be doing more paper trading to hone my skill.

Did exactly what I wanted except on the sell execution. I thought it had gotten all of my shares out at 1.50 but it was only half. The other half was at 1.43 for an avg price of 1.465. Only made 27bucks. I think I was more ticked off with this than with my loss yesterday, but at least I made up for that.

Just my luck to pick the stock with bad news that decides to go back up for no reason. Shorted this one after the 2nd afternoon bounce. It went down another .02 before it came back up. It had been down all day so I waited for it to bounce again before going in. Didn't want to risk holding o/n so I cut losses. Gave myself a .05-.10 risk and it was well under that so only a tiny loss. But these "tiny" losses are starting to add up. Dang! Now watch it tank after hours. That'd be my luck.

This sucked! Bad news on this stock and started dropping. Couldn't get my first order executed @2.00 because it dropped so fast. Got in @1.75 then in the next couple minutes it dropped to almost 1.60. Went to cover and it had gone back up to 1.80 so I waited. Wouldn't crack my entry so I cut losses. Getting really sick of this losing streak. Small losses though they may be...they still suck!
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.