$MJNA and $SKTO Gappers? (best pot stocks to buy) – Story of Mistake after Mistake

by akos on January 24, 2014

I screwed up almost all my trades in the past two days……

One of my stock $LQMT ran up and failed to take profits. I got greedy. It dipped a bit and I panicked so I sold for a loss. The following day it rips almost 30%. My timing was just so effen off.

Trading is all about timing.

That just makes me want to run into a wall.

To my defense I was trading on my Iphone and as you know Think or Swim app blows since it doesn’t show level 2 so you have no real idea what’s going on.

Lesson 1

NEVER TRADE ON YOUR PHONE if you have TD app. EVER!

On other stocks I was up 6-20% and I failed to take profits.

Lesson 2

When you’re up on a spike take at least 50% off or the whole thing. PERIOD! 

I can be only mad at myself.

It would be easy to point fingers, but remember the market is ALWAYS right.

I got cocky and arrogant after my 3 winning week and I thought I can’t make mistake. Whatever I buy will rip 30% . Yeah right. Dream on!

Well………….the market humbled me in the past 2 days.

I got frustrated after taking the losses from yesterday so today I freakin’ over traded and added some decent loss to my account and all that resulted in nice dent in my account.

AGGGGGGGGGGGGGGGGGGGGGGGggHHHHHHHHHHHHHHHH!

I failed.

Anyway, I’m going to spend the week analyzing my screw ups, learn from it, forgive myself and move the fffff on!

Sorry for coming out like a maniac in this post but repeating the same mistakes can really screw with your head.

Anyway, I’m looking forward to Monday morning since I hold to nice plays.

I’m long $MJNA at $3.07

and

also long $SKTO at $.206 

Expecting some buzz over the weekend which potentially could lead to some gap up and decent run on Monday.

Please share the love!

 

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