2/27/2018 - Green Streak ends. Another lesson learned.

in daytrader •  7 years ago  (edited)

Didn't actively trade today really.

I put an order to Buy 1000 more DPW at 1.74 based on the news from 2/26. Got filled right as the market opened ... then at 9:39, the announced a $50 million ATM offering and tanked the share price. I exited my entire position in DPW @1.66 for a $110 loss. There was a time I would have held it hoping for it to come back but if I have learned on thing so far in my trading experience its DO NOT HOLD, CUT YOUR LOSSES QUICKLY. Had I been at my computer and seen the news of the offering when it came out I may have been able to exit with a profit. Another rule to follow, If you can't pay attention, Don't trade?

Lost money today so my green streak ends at 5 days. I'll at my computer all day today so the goal for today is to end the Red streak at 1. I'll post again after market closes today.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!