Tried to Sell Short @ 2.20, but had some technical difficulties. Should have just stopped then, but I was determined to give it a go. Ugh. Shorted @ 2.03 instead like an idiot. Ended up Covering @ 2.08. Worked with 100 shares and even though it was a small loss I learned my lesson. I need to be quicker and if it doesn't go my way from the start then I just need to get out of it.
Had I shorted @ 2.20 I would have made a profit. WOULDA COULDA SHOULDA. Oh well. Better skill next time!
Posted May 02, 16 10:06 AMbysmilenshine
Categories
Short Selling
Tickers
GPL
I'm also learning that you have to be quick when you see something or else stay out of it once your entry price has been surpassed. It's a mistake I seem to keep making.
@smilenshine I know what you mean. If it's any consolation today it's in the 1.70 range so you had the right idea! just gotta work on the execution a bit! ;)
practice will help lol :) Thanks!
Your first loss was a lot better than mines...people reading this, yeah cut losses quickly bc more times than not they will bit you in the butt
Join now or log in to leave a comment