Wild day. Got my ass kicked right from the opening bell on BITO $19 calls and lost $1800, but made $1950 scalping BKSY and AVDL all day. Finished up $100 on the day, lol.
Could've been such an awesome day without those BITO calls and if I had held my original position on AVDL. Had 5k at $1.53 on the first dip after open, didn't like how the level 2 looked and sold at $1.55 for $100. Then watched it go over a dollar higher than where I sold. Turned a $5,000 trade into a $100 trade, something I seem to be very good at doing. :-) [Reply]
Originally Posted by JohnnyHammersticks:
Wild day. Got my ass kicked right from the opening bell on BITO $19 calls and lost $1800, but made $1950 scalping BKSY and AVDL all day. Finished up $100 on the day, lol.
Could've been such an awesome day without those BITO calls and if I had held my original position on AVDL. Had 5k at $1.53 on the first dip after open, didn't like how the level 2 looked and sold at $1.55 for $100. Then watched it go over a dollar higher than where I sold. Turned a $5,000 trade into a $100 trade, something I seem to be very good at doing. :-)
Stock trading really is one of the biggest mind fucks out there. It takes discipline to not give up green trades in hopes of achieving more but at the same time letting good trades run without closing prematurely. [Reply]
This is why it's dangerous to buy a stock that's falling. What looked like a cheap stock at 20% down, was just a falling knife you bought. And this was with the market only losing about 20%. [Reply]
This is why it's dangerous to buy a stock that's falling. What looked like a cheap stock at 20% down, was just a falling knife you bought. And this was with the market only losing about 20%.
Damn Lewdog , Your portfolio is looking rough. [Reply]
