Huge mistake

[giorgio993]

So which one is it?

Ps. I see the new shares settling at 18.8 so @truetype is more or less in the ballpark.

You guys are actually right. With the new ones trading at 18.50 i lost about 1200 which is okay

 

[jharmon]

It opened at $25.

Your inability to "pull the trigger" to exit this situation, buy stocks that have questionable finances and listing rules compliance issues, or understand simple reverse splits is a concern.

Seems like you need to learn a lot more about trading and money management.

 

[giorgio993]

It opened at $25.

Your inability to "pull the trigger" to exit this situation, buy stocks that have questionable finances and listing rules compliance issues, or understand simple reverse splits is a concern.

Seems like you need to learn a lot more about trading and money management.

I definitely do, as I said at the beginning, i’m new at trading and I wouldn’t even consider myself a beginner but i think that’s the obvious reason why i’m here asking advices to people with more experience.

 

[jharmon]

Quite simply, read some books. Until you do, and come up with a trading plan, position sizing, money management etc., you might as well go to Vegas.

 

[Evermore2017]

Why newbies always start with crap stocks?

 

[truetype]

http://dilbert.com/strip/2016-10-02

 

[destriero]

This thread is legendary.

 

[giorgio993]

Quite simply, read some books. Until you do, and come up with a trading plan, position sizing, money management etc., you might as well go to Vegas.

Actually traded money won in Vegas playing poker. I’m definitely better on poker than trading so far lol

 

[Bill.C.]

Legendary is right.
I played poker before too, and feel it has a lot in common with trading. That is, assuming you are a student of each discipline, and not just throwing darts blindly.

 

[jharmon]

Burton Malkiel said, in 1973, in A Random Walk Down Wall Street:
"A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts"

Unfortunately giorgio993 is somewhat below monkey intelligence with respect to trading, buying illiquid and bankrupt company stocks. He might get out of this with some money intact, but that's through pure luck.