
Another undisciplined loss this week. Bought the HOD breakout on this stock after hours, thinking that it was going to spike to the $1+ level. It spiked to $.93 then failed quickly back down to the $.80s, then $.70s. Brutal trade. I need to focus on regular hours trading only for now until I can get back on track.

Big mistake I made on this trade is that I anticipated it to bounce off of $1.00 support and go up at the open. Second mistake is that I oversized my purchase. Being that I made the first mistake by anticipating (something Sykes says not to do), I should have just purchased 100 shares instead of 1k shares. Stock immediately dropped and halted. After the halt, it continued to drop and I sold @.7617 for a $238.30 loss. Practically gave away 1/2 of last week's profits. Ugh!!!
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.



