Made it back with 20 minutes to go to close.
MCD....should have taken my profit today....could have still had a dollar profit today. They missed earnings by a penny and I had a chance to get out with a profit and didn't take it. That was pretty dumb of me. Seems like a no brainer in hindsight. I still feel MCD is gonna rebound for me...but I could have taken a profit and still bought it back lower for the rebound....if only I was better at this.
Week 3 didn't kill me like I was worried about....but, since I always seem to worry...only 1 week to go...maybe it's protect the profit mode....or should I just risk the profits and trade the futures?
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First up the always needed DISCLAIMER: (sheesh) FOLLOW MY ADVICE AND YOU WILL BLOW YOUR ACCOUNT OUT IN DAYS!! so, enough of the legal mumbo jumbo
Followers
Stuff learned from the months
EARNINGS: Never a good idea to hold through earnings...that one bad stock can toast a lot of profits (A LOT)
LAW SUITS: Stay away from these! (remember GS)
ADDING TO POSITIONS: Don't just dump a stock. Do some cost averaging, maybe it will help.
FUTURES TRADING: In March it cost all my profits and then some, so I stopped futures trading. The plan was working. That is until April when the 200 point down day and bad earnings (NTY -8.62) again cost me all my profits (save 21 dollars). Then I started trading futures again to get back to the green. So, really, no point here.........?
LAW SUITS: Stay away from these! (remember GS)
ADDING TO POSITIONS: Don't just dump a stock. Do some cost averaging, maybe it will help.
FUTURES TRADING: In March it cost all my profits and then some, so I stopped futures trading. The plan was working. That is until April when the 200 point down day and bad earnings (NTY -8.62) again cost me all my profits (save 21 dollars). Then I started trading futures again to get back to the green. So, really, no point here.........?
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