out 50 IDCC @ 43.01 - 1.61
Dow up 178
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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.........?
2 comments:
May I ask why stop on IDCC wasn't slightly below swing-low from 12-28
Sure Joe, It was purely a dollar amount stop loss, I didn't want to lose any more money on the trade.
Your way of putting a stop below a key point would have been a much better area for a stop loss!
But my pain threshold kicked in and put up that stop. And then IDCC ends the day up....sigh.
I will remember the lesson you just taught me today,
Thanks :)
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