First Day of Trading, Boring Results

chrtsrv.gifI bought 150 of (CSUN: 4.29 +2.63%) at 17.07 and after it hitting a peak at 17.24 I managed to get out at 17.071 for a loss of $6.45 after commission (I had a free trade saved up). I was definitely too impatient on this one because it went up to 17.72 by the end of the day which would have been a solid 70.00 profit. It didn’t work out because I thought I had it on the uptrend but it basically stopped a few seconds after I caught it so I decided to cash out about 15 minutes later especially since the entire market was so bearish today.

Lesson: I believe I made the right move on this one because I had a pretty terrible entrance point. I could have solidified a better gain had I caught it earlier on the uptrend and I would have been more confident with my decision.

One Response to “ First Day of Trading, Boring Results ”

  1. Time to load up on APKT. It has been pushed down but will rebound $1 next week. Grab 1500 shares and roll the dice!!!!

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