DETAILs in how to AVOID 'shredDING your bank account'

SYMBOL "OPTT" :  I was up $2,000 in a day.  The stock 'WHIPLASHED'  at the end of day and lost the $2,000.00 + -500.00.

 SYMBOL "OPTT" :  I tried 'Day Trading' this stock vs 'Buying Conservatively'.  

♦  I purchased "OPTT" Stock because the, TRADING PLATFORM NEWS, stated the company would "REPORT QUARTERLY EARNINGS EARLY."  The VOLUME from my ThinkOrSwim, Hacker Scan, was in the multi-millions based on the simple NEWS regarding the CEO reporting the company "earnings" early after the, USA 4:00p EST, closing Bell Rang, that day.  The VOLUME is the number of shares purchased by the Investors.  

♦  The VOLUME was massive in the 500,000,000+ Shares purchased that Day due to people Buying massive shares based on the NEWS that came across the, *ThinkOrSwim* Trading Platform (I'm sure other Traders saw as well using other Brokers).  Therefore, it drove the Stock UP very quickly (see: first increase in the chart below). 

♦  I purchased the Stock quickly.  I made approximately $1,000.00 in ONE day.  I had to watch the Stock like a hawk all day.  The Stock kept going, up and up.  I was in Trading Heaven.    

♦  The preliminary ACTUAL QUARTERLY EARNINGS STATISTICS NEWS was to come out directly in AFTER HOURS TRADING, which starts at 4:00p/EST.  

♦  When the ACTUAL EARNINGS NEWS came out during the, After Hours Trading, at about 4:05p/EST, then the Stock DROPPED LIKE A LEAD WEIGHT.   The Earnings Numbers didn't look very good, after all that.

♦  Because the NEWS came out on the QUARTERLY EARNINGS in AFTER HOURS TRADING, I then had to get the EXACT BID PRICE in order to SELL.  I watched the Stock drop in like (5) minutes very fast.  I was shaking while trying to get the exact BID price to SELL as the Stock was moving violently down.  

♦  I NOT ONLY lost my (approximate) $1,000.00+ that I made that day.  The Stock ended up DROPPING below the price that I purchased the Stock at.  I ended up loosing (approximate) $500.00.  This is why you should not start off, Day Trading.  However, start off by slowly learning the Stock ropes in a conservative way.

♦ I should have set a TRADING, STOP LOSS (as it's called in the Trading industry) FOR EXTENDED HOURS TRADING after 4:00p EST.

♦  OR, I should have SOLD the Stock BEFORE the end of the USA Trading Day at 4:00p EST.  Also, after already making a small profit.  SELLING a Stock during USA Trading Hours is easier as a, MARKET ORDER, than you can simply click SELL.  You don't need an exact Stock price in order to SELL the Stock.  I SHOULD NOT HAVE BEEN GREEDY.  I was not experienced enough to be GREEDY.  

♦  AGAIN, during 'AFTER HOURS TRADING' than you have to SELL the Stock at the exact BID STOCK PRICE in order to get out of the Stock.  It's easier to SELL the Stock during USA Trading time between the hours of 9:00a EST - 4:00p EST, as then to simply SELL a Stock you only need to click the, SELL MARKET ORDER.  The Stock will almost SELL instantly. 

♦  I was shaking because the Stock was plummeting very fast in like seconds.  I tried to catch the exact, After Trading Hours "BID" PRICE as the Stock was plummeting and that is very hard. 

♦  I made another mistake after Selling the Stock after it dropped and I had lost $500.00.

♦  The "ACTUAL QUARTERLY EARNINGS' of the company Stock came out in the NEWS later that month.  The Sock went WAY UP to $1.75.  I was too afraid to get back in.  Please see the below chart.

♦  NOT ONLY, did I loose (approximate) $500.00 after making $1,000.00 that day.  All in ONE DAY.  I could have had more profits at about $2,000.00++ within a month if I had REPURCHASED the Stock (OR) IF I HAD NOT PANICKED AND SOLD.

♦  HOWEVER, IF YOU SEE BELOW THE EXPERIENCED, DAY TRADERS & EXPERIENCED INVESTORS, THEN KNEW EXACTLY WHAT THEY WERE DOING.  

♦  It takes TIME to learn the "Day Trading" skills.  Why I will mentor regarding the challenges relating to, Day Trading VERSES starting-off Conservatively.  In order to learn the (somewhat) NEED TO KNOW BASICS FIRST, and as fast as possible in ONE SWOOP.