Horrible day today. I should have listened to Nana Mouskouri’s advice to not wait too long, but I didn’t. I waited too long to take profits in WTKN and a $4.2k unrealized gain yesterday turned into a $6.3k loss. See the video trade recap for some other lessons and trades.
Advice for nubile women and traders:
Trade recap
Trades at IB:
+ SLD 10,000 PEIX false Stock 2.062 USD ARCA 08:10:23 50.00
BOT 4,550 PEIX false Stock 2.0600 USD ISLAND 08:12:23 22.75
+ BOT 1,450 PEIX false Stock 2.040 USD ISLAND 08:18:14 7.25
BOT 1,000 PEIX false Stock 2.0400 USD DRCTEDGE 08:18:56 5.00
BOT 1,000 PEIX false Stock 2.0400 USD ISLAND 08:19:47 5.00
BOT 2,000 PEIX false Stock 2.0400 USD ISLAND 08:26:26 10.00
+ SLD 10,000 PEIX false Stock 2.497 USD SMART 10:26:26 50.00
+ BOT 1,000 PEIX false Stock 2.290 USD SMART 12:25:30 5.00
+ BOT 3,000 PEIX false Stock 2.290 USD SMART 12:41:07 15.00
+ BOT 3,000 PEIX false Stock 2.300 USD ISE 12:41:29 15.00
+ BOT 3,000 PEIX false Stock 2.310 USD SMART 12:41:37 15.00
BOT 2,500 BPAC false Stock 0.6110 USD ARCAEDGE 15:56:37 7.64
BOT 2,500 BPAC false Stock 0.6120 USD ARCAEDGE 15:57:02 7.65
Daily profit: ($3856.30)
Disclosure: Short 30,000 ECOB and long 5,000 BPAC. No positions in any other stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.
Losses are difficult 🙁 but part of the “game”.
Regards,
vset
Reaper, don’t even give it a second thought … crap happens, so what … you lose some but you Win lots More … on to the next WIN 🙂
At least your acknowledging the loss and posting it as if it was any other day.
I had a rough day too…broke my trading rules in the first 5 minutes of trading which put me down big early and I couldn’t recover.
I am short PEIX from 2.46…if it can fall back to 2 tomorrow I’ll make all of today’s losses back
Man, a bunch of us took BIG hits on WTKN, as if that makes you feel any better.
We’ll get ’em next time though…
MM
I’d feel better if other people didn’t lose too. It sucks that so many got snookered.
Had a bad day for me too, lost around $1500