I went into today's trading session knowing that I was pulling the trigger and taking my losses. I did hold it throughout the day and let the movement whittle away a little of the losses but once I saw that the end of the day was starting to taper down I pulled the trigger. It could have been a lot worse.
This was probably one of my worse trades in regards to how and why I got into it, plus the fact that I lifted my trailing stop. But that said, I also feel like I learned a lot from this one and did a good job of taking out some of the losses near the end.
Knowing that I was exiting today helped. The day started pretty choppy, which seemed odd for GLUU and made me think that it was more of an intra-day consolidation. I chose to continue to hold for the second half of the day and road it to $5.19. When the down trend began and looked to continue to the EOD I pulled the trigger and exited at $5.15... so as a learning experience I felt really good about my exit strategy.
I don't think this will be my last trade with GLUU, especially with the Katy Perry game set to come out sometime next Fall.
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