I am cost averaging down and moved my stop to 12400. Bought 1 more @ 12670, and will stop right here. I am not buying any more. Long 5 @ 12603, dang this sucker is falling like a rock. Sitting on a $1300 loss right now.
your original stop was 12570, why did you move your stop (reasoning)? (Besides the "cause I knew it would come back" (until it doesn't)
Typical mymini bullshit! The trade ran your initial stop for a loss closing in 1K. Now, in an attempt just to be right, foregoing your own manageable money management rules (and initial stop), you decide this trade is worth risking multiple 1000s. You sir are a fraud. Bye bye.
That may come back to haunt me for sure, if the volume picks up and no buyers come in at the close, this may prove to be a bad trade. I have its a wonderful life playing in the background, Mr Potter just took over the bank.
This journal will be the shortest lived one in the history if this place. Most likely this guy isnt trading real money. If so is rather frightening. He will "average down" until he is eventually even. There is a reason this guy isnt trading for a professional firm...you are seeing it right here.....he should be teaching a course titled Blow Up 101....
I guess you never made that mistake, and this may be a hugh mistake just to save face and be right, your right it may be. 12603 make me whole again, weeeeeeee buy buy buy.