Today was rough. Not sure why but I was all over the place. not following the advice of the person I'm paying to teach me. Bad idea and I paid for it.
EGLT - They make an abuse deterrent opioid. I've been holding their stock for a while now. Premarket news that Regional Health Plan has placed 2 of their drugs on their preferred formulary. Not huge news but it's up a little Premarket. With the current Opioid Epidemic, I'm holding this one long term. Nothing much happened with it. up .05. Still holding.
POTN - Sold my position in POTN today 2000 shares. Earning as coming up next week. I'll look to get back in but took a loss of about $150.
MYSZ - UGH. The psychology of trading got me here. I had just taken my loss on POTN and was watching MYSZ at $1.55. Had order ready with mouse over the confirm button. Within 5 minutes it was at $1.69. I did not chase it though. Missed that one. I feel like taking a loss wrecks my confidence. Need to learn to not let one trade result effect another.
ATOS - I entered ATOS at .70 as a swing trade following the Head Trader in the trading group I belong to. My Stop loss is set at .65. It was down to .66 at the close. Not looking good. It traded at .72 right before after market hours closed at 8pm. Maybe it will gap up tomorrow.
NIHD - Entered NIHD at $1.45 as it broke VWAP at around 10:30 am also following the Head Trader. Stop loss was at $140. Lost $100 on the trade. Ugh. Seemed legit.it broke VWAP with good volume. 8 of 10 times it continues. Not this time.
MARA - Bought 1000 shares MARA (Another crypto related stock like DPW) at $2.26 set my stop just below the low of the day at 2.21. As Bitcoin moves up this stock should too. Got stopped out on this one. Lost $47.00 Bought 1500 shares of MARA again at the close. Obviously, I think this one is at the bottom and moving up. I'm probably wrong. lol
INPX - 1500 Shares at 1.47. This is a low float stock I have traded before. It did a reverse split a few weeks ago and seemed undervalued to me. I was chasing a little at 1.47 I think. I sold 750 shares at 1.55 but held the rest toooooooooo long and sold them at 1.41. $14 profit. I was up $140 on the whole 1500 at one point. I guess I got greedy. But I've seen too many times where I exit my whole position and then I see a stock take off another 30% without me.
Today was a mixed bag. I traded a lot. More than I usually do. I think it was because I took such a hit on DPW yesterday I wanted to get some of that money back. A very small win a couple losses. I guess the lesson for me today is too TAKE PROFITS when you have them. Perhaps I overtraded today. Maybe in need to just chill and only go after only the best set ups. PATIENCE. I did not have much of it today. Definitely a frustrating day overall.
Tomorrow's another day. I'll not be going off on my own tomorrow. I'm going to follow only what the Head Trader in my group does. I need to settle down.
