EROS Trade on Feb 4, 2016 11:20 from JoJoTrades: Tradervue User Stock Trades.

+$350 net W

: +1.6%
: 13 days
:
after the heavy pull from the rip to 10, I entered for a revenge trade for this previous

. seemed simple enough. entry was small-ish, knowing that this could easily dip to the 7.00 area, where I would Add, which I did. my target $$ gains didn't occur fast enough, and I was faced with holding into an E/R. I should've exited for breakeven, and watched how E/R played out.... but the gambler in me said to hold it. "the risk-reward is on my side" - "I only need a little bit more to exit at my target, its right under it!" - "the E/R could shoot this thing up to $10 haha that would be awesome!!!"

F A I L

this thing started dumping during PreMarket and at the Open... some -25% bullshit at the worst case, I couldn't believe it. did a sizable short-term/temporary Add (likely a DayTrade) at the bullshit lows. awesome move, as this thing bounced like crazy that morning. ended up exiting the whole position for profit that same morning, making up for the previous loss + a bit more. really fortunate it worked out like this. hopefully lesson learned here...

PLEASE CONSIDER EXITING/REDUCING-SIZE OF A POSITION PRIOR TO E/R
YOU CAN ALWAYS RE-ENTER AFTER THE E/R, AFTER IT PLAYS OUT