Five Wrong Trades Don't Make a Right…Just LOSSES
- Posted by Howard
- on May 16th, 2008
I just sold DUG which DUG me a nice profit hole. Betting on a turn in oil (or any fast moving security) can lead to quick losses. I did not need to make that ego trade, and I paid. I am not willing to double up and triple up to break even. Took the losses to fight somewhere else.
Dell is a few pennies from my stop. $21 to be exact.
SKF, SRS and FXP are also close to my stops.
I will stick with my many trending longs for now, but licking my wounds and about to call Verizon to unleash some anger on someone as well.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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