Red Day Recap

Summary

Today was a tough red day, with a significant stock that jumped over a hundred percent quickly unwinding. Adding to the frustration was a market-wide data outage that froze quotes for many brokers, making trading extremely difficult, though fortunately not affecting my own. I took a trade on NEXR, initially seeing a profit of $20,000, but ultimately gave back all of those gains and ended up with a $3,500 loss. A critical piece of information I missed was that NEXR was formerly Jeff's Brands, a company known for being difficult to trade, which I would have avoided if I'd known. It's important to recognize when things aren't going well and stop trading, and I'm accepting this loss to live and trade another day.