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I pretty much bought the top for this stock. When i realized this i cut losses quickly. Crazy how losing a cent, lost me 25 dollars. Plus this trade earned me a restriction on my E-Trade account. PDT rule. Luckily, they do a one time forgiveness thing.
This was my first 20 cent a share trade. I think i like the slow and steady movement instead of super fast morning spikes. lol
This trade seems more like a scalp. I am happy for this win, because i basically broke even from my loss on HEAR.
I cut my losses quick. I was actually trying to buy 1000 shares of this stock but only 8 shares was filled. Lol. I think this was more of a commission loss, because I got out around 3 cents from when i bought in. Lame
From this trade i learned that i really need to remember to set a limit of when i will get out of a stock. To always ask myself how much am i willing to risk before exiting a stock.
Small profit due to not being able to exit in the 1.80's quick enough. But happy to take a profit, regardless how small, over a loss.
Cant be right all the time, but we can always cut losses quickly.
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