1. I was attracted by news tip letter and the lure of fast profits on Penny Stocks.

2. Did not read up on the company first or I would have known about the poor management. In fact the website is down and they are having listing issues in British Columbia. Way too little research period.  (Did not think it at all necessary for technical trade - wrong.)

3. I traded on only two technical indicators Bollinger bands and moving averages.

4. I paid one penny per share commission extra on stocks that were worth less then $0.05 per share - that is stupid because it equals more than 20% commission both ways!  Not smart.

5. Looking back it seems that I was just itching to make a trade - never a good strategy by any standard. You can't force the market into making cash for you.

6. I was overconfident because in the past I have made good "long term" investments and thought that I could carry that over to technical short term trading - but these are two different animals. 

7. I knew the stock was not in positive earnings but traded anyway.

8. The recent market downturn took everyone by surprise so that was an unexpected shock. However this stock went down but did not recover on rallies. I suspect the stock was headed down no matter what and that the recent bear trend only accelerated it. Can't blame the market!

- I deserved what I got, but it was a good learning experience.  

- I am studying technical trading and corresponding with more experienced traders.

- Tracking more stocks and watching the results.  

- Have several books on technical trading lined up to read. Starting one this weekend.