Today, I purchased SRNE at 5.41 after watching it go up to 5.70 and go back down. I sold my shares at 5.65 on average. This trade was my own idea, and I bet on the momentum of the stock during the morning spike. I sold way to early as it went all the way to $6.50. It now is at 5.30 which isnt too high above opening, maybe 20 cents gain. A lesson to be learned here with morning spikers.
This gave me a profit of $35 after commission, pretty much nothing but it was my own trade and that made me happy.
This led me to my mistake after tim made a buy at 28cents for IGNG and I chased it, got in at 28.9 cents and took a loss after he got out at 30 cents and it tanked to 26.5 cents before jumping back up to take my ask out. that was a 100 loss after comission.
I now sit at a 12 dollar loss. Whos the real winner so far? Questrade. I think im in the wrong business.
Lets see if any end of the day trades come to make that 12 dollars back! lessons learnt! Don't chase stocks. Don't sell something when the momentum is in full throttle going in youre direction!
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