Learning from this is not the issue. I've learned plenty from the market (and you guys as a matter of fact). I just hate losing money or missing out on chances. Some days are good and some days bad. I cheer for my stocks almost as much as the Rockets. I just like to vent here. The Dow pulled a Rockets in the sense it pretty much had a 4th quarter choke job . I was about to get in yesterday thinking GDP numbers would be better than expected. But when it dropped like it did, I thought the powers above had some inside track that GDP would actually be bad, hence the midday selloff yesterday. So I stayed out. Then like a few reggie miller 3's, it bounces back at the buzzer and continues the rally today. I shoulda stuck to my gut and got in at the low for a quick gain.
But you didn't lose any money yesterday either and there are some who did. Don't view this as only two possible outcomes of winners and losers. The third possible outcome of being on the sideline isn't as rewarding as being a winner, but it is much better than being a loser. The market will be open for business and you can try again, don't rush this.
Next week, you have potential for another big run up if FASB kills mark-to-marketing late in the week. Right now, I think your risk/reward is still to the upside for a little while longer.
or is that a buy the rumor, sell the news kind of event. i kind of want to buy SKF and SKF puts and see if it can go up after this huge run-up in financials, but not sure yet.
I bought CSUN and TAN during the latter half of the last solar rally and have been holding them ever since. I'm almost back up to breaking even - finally.
I'm in this boat. But it is damn hard to resist putting some money in to the market. However, I do slightly regret not averaging down on some of my stocks earlier this month.
Joy... Cramer just mentioned TCK and says he's bullish on it and to ride it to $8... of course it has the Cramer pop afterhours because of it... have I just been cursed? Go copper!
Some are back into buying FAZ and similar trying to pick the <i>Top</i> of this move. When things were gloomy a while back, some were trying to pick a bottom. The safest way is to aim for the middle 70% of a move and not trying to pick the beinning or end. For Friday: Oscar is <i>Bullish</i>. Live with Oscar American Bulls is hold - neutral. American Bulls S&P 500
What was the reason (signal that you used) to buy it at $3.60? What were your price expectations for DRYS when you bought it and what time interval did you think it would take to reach that price? I won't ask about your <i>Stop</i>.
I truly believe last 2 weeks runup/appreciation was a runup to do window dressing for the quarter. We are going to see the Dow trend back down to 6500. My thoughts: Waggoner resigned because GM is about to go BK. Autos about to get bailed out. Also the banks failing stress tests and the remaining $135bn will not be enough to cover the banks blowing up. More money will have to be requested from Congress. What Im doing tomorrow: Buy FAZ premarket FAZ 22.50 calls DXD 70 calls DUG 26 calls GS 95 puts SSO 20 puts
