Day 25 Trading with Ricky

Day 25

It's evident that I didn't absorb the lessons from yesterday's blunders. Once again, for the second consecutive day, I let my pride cloud my judgment. This trade marks my most significant monetary loss yet. The stock in question was NRBO, a biotech firm experiencing a surge. Biotech stocks are notorious for spiking on positive clinical trials only to plummet shortly after. Unfortunately, I attempted to scalp it at its peak, and ended up riding it all the way down. As @raketrades, a trader on Instagram, wisely puts it, sometimes you have to "learn by fire" - meaning, you'll grasp the lesson once you've been burned enough times. I understand the importance of risk management and employing tight stop losses, thanks to insights from @uptwobucks. Now, my greatest challenge lies in overcoming myself.