Short Term Trading Week Starting: 12 November 2018, page-41

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geffa9

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13/11/18

18:59

Post #: 36490047
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Originally posted by rick64 ↑

Well I did Monday what I stated I was going to do on Saturday.
Thought I would feel psychically ill but I felt remarkably good. Maybe it's the relief of realizing that I am no longer constrained by those losing stocks.
Ended up keeping POH as it is not worth selling. What a day for them to do this to me, absolutely gutted!
Have no choice but to keep HDY and CIZ
HDY is showing 40% of my portfolio and down 85%. This will make it hard to get my portfolio to ever show green. I guess keeping it in my portfolio will remind me never to make that mistake again. (averaging down)
CIZ is showing 100% loss as has not traded for two years.
Also kept CTM as it is the only stock I have ever been free carried on. It is at it's lows not but I think it will come back up. I truly believe it is a stock to hold for several years. Just waiting on further announcements.

My big learns from this exercise is 1. Do not average down. Ever.
2. Take profit when indicators start to turn. (charts and market depth.)
3. Do not believe I can play with the big boys/gun traders, Example ANP.
4. Do not act on what I read in day trading thread. 80% of the time I end up in tears.
5. No more impulsive buying; due diligence and patience. Study, study, study.

This is the second time I have blown up my account. The first time was in 2009 when I blew my life's savings. This time wasn't so bad, but it still hurts. I thought I had learnt enough over the last few months to be able to trade profitably but no.
Funds will be in my account Tuesday. They are decimated, so I have to be so careful. I will never recoup my losses over the years but maybe this time I have learnt enough to at least make more educated guesses.
BTW thanks for all the thumb ups on my previous post.

Very familiar to me Rick apart from losing my life saving, I have been sucked into a lot of day trading positions and now they are dogs in my portfolio.

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XAO Value at posting: 5,922.6
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Short Term Trading Week Starting: 12 November 2018, page-41

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Short Term Trading Week Starting: 12 November 2018, page-41

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