Dont buy that one. That was one of my very first buys and I would have cashed out for a profit on friday but decided to wait with all the facebook business leaving. I wouldn't touch it if your asking me if you should buy it. Or if your just making fun of me that's fine too, lol.
Hope I'm not coming off like a bagger but I have hit 6 days in a row now on day trades. I'll keep posting them so you can see I'm not making it up. I'll post my stock tomorrow just after the bell.
No not making fun of you. It's nice to see someone posting actual trades as opposed to posting after the trade has closed. If you study why traders fail it is because they cut their winners short and let their losers run. You got out of a trade because you were scared of losing some gains yet you are staying in a trade that is just losing. If you go into a trade with a plan on where to exit there will not be any doubt as to where you get out.
Yea thanks for the advice and thanks for the encouragement. Snap was one of my first buys and actually I had thought I read something about them releasing their quarterly report and turns out I was reading something from the day before. Major bone head move. I am not it for that much and I'm curious to see what it does in the next few days. Also hopeful with news the giv has a deal it will move up into the green but dont judge me on that one. It was my first. Since then I have been right 6 for 6 the last 6 days. I'm starting to really get comfortable now but dont bet on me yet. Let me go another 6 for 6 before listening to me. Thanks for your kind words.
I would take the word "hopefully" out of my vocabulary. You can only control what you do. I doubt very much you can be right all the time. It's how you handle your losses that will determine how successful you are. Don't get too fixated on being right; protecting your trading capital is more important.
Thanks for the advice. I much prefer day trading. I dont like sitting on a stock. But I realize I'm not gonna win 100 days out of 100. I'll settle for 99 out of 100. Just kidding but that is the goal.
To the OP: This is more difficult than it sounds, but think like a machine. A machine has no emotions. During our trading career we have 'ahaa moments'. The ahaa moments arrive when we get an insight into something which then grounds us. Emotions are killers in trading, especially negative emotions such as regret, anger, disappointment, fear, hope (dangerous for trading). My advice, you gotta be a machine. How can we be a machine? The ahaa moment - That markets are largely driven by machines, algos, institutions with strict trading rules. They trade by automation often in the general sense they are rules based. When markets go down hard, don't fear, 99% of the time they rebounce. But a warning: If you trade small cap stocks none of the above applies.