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cashmoney69

Registered: Nov 2005
Posts: 3544

10-20-06 03:17 PM

Well this morning I lost over 710.00 in one second, which is my single biggest loss to date.

I feel numb...for lack of a better word. I never lost so much money so fast lol.

BUT I learned a lesson, and that is, if there is no volume to support a huge gap...for god sake, dont buy!. I had this feeling something wasn't right when i looked at the daily chart for FLSH...Even on the day of the gap, there was no volume, yet I bought anyway ignoring what the chart was telling me.

Now at the time of this writing, FLSH is down 9.35 a share.

Live and learn.

cm69

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nkhoi
Moderator

Registered: Aug 1999
Posts: 8060

10-20-06 03:24 PM

thnx for sharing and of course the trick is still having money left for the next lesson.

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Steelhead

Registered: Jan 2004
Posts: 1222

10-20-06 03:25 PM

itl be well worth it over time----careful buying those falling knives
no need to be first in line

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JimmyJam

Registered: Oct 2005
Posts: 4856

10-20-06 03:25 PM

Here Cash, post a chart so people will know what you are talking about.

One question.

Where was your protective stop?

Attachment: chart.gif
This has been downloaded 631 time(s).

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illiquid

Registered: May 2002
Posts: 3498

10-20-06 03:30 PM

Umm, what time did you buy it this morning?

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Wayne Gibbous

Registered: Jul 2006
Posts: 2470

10-20-06 03:31 PM

Hang in there. It's all a matter of scale.

Stick with it a while and losing only $710 will seem like a VERY good trade!

Good luck.

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