I made a number of poor decisions and jumped in to stocks that were moving without a well formed plan. I made money on all of them, but not much. A big $15 on BBRY. lol I need to figure out what is going on or I next time I won't be that fortunate.
My $15 gain in BBRY was probably the best decision I made as I came to my senses and realized that I was just chasing a stock that was already extended and hoping that I would be lucky. When I realized I was relying on hope. I realized there was no purpose of being in the trade so I cut out. Now had I held I probably could have made a few100 bucks before it reversed (which it did) and I could have wound up with a big loss.
Cybr had actually set up well after making an earnings related move. My trade starts to work and I get nervous at the first wiggle. Had I had actually committed to a stop this would have been a very profitable trade. I'm trading scared, which is not a good place to be.
On Friday morning, I look at my uranium watch list I see that the price of uranium has jumped and every single Uranium stock is up sans one URRE. Urre has the smallest float and makes big moves. Although I don't love this type of chart set up, I hit the bid betting that it rises with everything else.
Yep. Within a few minutes its up to 2.18 at 2.20. But then the bid slides to .15 and then .13 ok I'm out for a 6.5% gain. That's not a good way to trade. There was no reason to sell at all. It would hit a 2.35 HOD.