Closed out the worst loser of my trading career yesterday. That one sucked. It was related to the Russell index rebalancing. Luckily I'm still up pretty good on the year in spite of that train wreck in AAMC. And luckily I caught the top of SSYS short to stop the bleeding. I covered that on the gap down today. If I only would have had 20000 shares short of SSYS rather than 4000 then that would have been enough to cover the AAMC loss lol. Oh well.... On to the next one...
Thanks for posting your losers too. From reading everyone's winning picks, it makes me feel like I'm the only one that makes mistakes and everyone else is just getting rich.
As Tyson said "Everybody has a plan until they get punched in the mouth." That's kind of how this trade went. It sucks when you sell 100 shares and the bid drops 20 points. It makes selling a challenge lol. Also, it was hard to take that SSYS trade after getting curb stomped, but years of experience have taught me to trust myself and I have learned that it is usually a much bigger mistake to pass up trades out of fear of being wrong or losing more money. You just got to make sure your head is in the right place and you aren't trying to swing for the fences to make back huge losers in one trade.
I also bought some HK in the 6.60s because of its large exposure to the tuscaloosa mine. I think once that starts drilling its going to go up even more so.
nah that would be impossible. nothing wrong with taking losses as long as you minimize the size of them.
I don't trade things in percent terms. It's only dollars that matter. It didn't go how I hoped lol. edit...dollar figures redacted. It can be extrapolated from a prior post
Bought some BNP last week before the ruling anticipating a pop and a little DB at 35.5. Hopefully it works out well.
So I have a serious question. Warren Buffet is an investor and trader. He owns companies and sell stocks. But, how did he balance the two without being charge with insider trading?
I don't think Buffet is "trader." He tends to buy undervalued companies and hold them for a long time.He doesn't trade like day trader.He also doesn't buy one or two shares, he buys a large chunk of it.
I've had Hk all the way from the 8's down to the 3's. Finally back in the green, hoping for a sell within 3 yrs at $15-20
man, i had a nice position in GLUU. Saw it pop 8% this morning and was feeling good. Then I logged into my account to find out the 6% stop loss i placed Monday night was triggered Wednesday. FML.
