What I Learned From My Bad Trade in BMNR

Everyone posts their wins — but the market doesn’t just hand out easy money. One of the trades that taught me the most wasn’t a winner. It was my trade in BMNR — and here’s how it went down.

BMNR (Bimini Resources — a low-float, small-cap stock) started running after some social media buzz and unusual volume. It was moving fast, and I didn’t want to miss out. I entered mid-run, chasing the momentum.

There was no real catalyst, no SEC filing, no earnings — just hype.

I figured it might keep going for a quick scalp.

Spoiler: It didn’t.

What Went Wrong

1. I chased without a plan – No defined entry, no stop-loss, no real thesis beyond "it's moving."

2. Low-float trap – BMNR was extremely volatile and illiquid. A few big sellers tanked it fast.

3. I didn’t check the fundamentals – After the loss, I saw that the company had weak financials and low volume outside of random spikes.

What I Learned:

• Hype ≠ Value: Just because a stock is trending doesn’t mean it’s a good trade.

• No plan = no control: I didn’t set a stop-loss. That turned a small mistake into a bigger one.

• Know your setup: I wasn’t trading based on a strategy like "Gap and Go" or earnings reaction — just FOMO.

How I’ve Adjusted Since:

• I built a checklist before entering any trade:

  • Is there news or earnings?

  • Volume over average?

  • Key levels mapped out?

  • Risk/reward defined?

• I only trade patterns I’ve studied

Losing on BMNR was frustrating, but I’m grateful for it. That trade exposed every mistake I was making and helped me reset my process. Now, I’d rather miss a move than make a trade I can’t explain.

The market teaches fast — especially when you're wrong.