RE:Oops... I soldHey at least you didn't just sit there watching it constantly trade on the ask from 3.20 up to 3.75 and not take advantage of the mini dips every .10 it rose. I've been trading long enough to know the price action today said it was going up steady. I even made a post about it here during when it was still in the 3.40's but no, I didn't buy. To my defence I'm heavily invested already in the sector and only have around 25% cash, and will probably want to average down on my CBW positions tomorrow or later. Also, chasing green is a risky move if you're not quick or things don't work out. That's how bag holders get made, so I told myself to resist buying and put my money on another growing stock on a red day.
But what a piss off, easy money made today, and most likely a gap up open to test $4 and beyond. That's what I get for being a pu ssy, I mean, practicing capital preservation. Oh well, you win some you lose some.
Good luck to those that bought or held. My last position was at 1.55 that I sold at $2, but I swing trade more than go long, so I'm always hoping over to the next momentum play if I can. But with sector consolidation looking to be forming, I'll be taking less trading positions and take more real long positions, which I'm trying to be deciplined only buying on red days.
PetesStocks wrote: Dang... if the goal was to set your sale price at the 52 week high then I win... sold for $3.75 today but it feels like a loss.
Hopefully I'll be able to re buy at a lower price next week. I wonder what my target should be.