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Friday, December 02, 2016 9:34:55 PM
Its unrealistic to think that the stock will go "nothing" but up every day. No stocks do that.
The stock was 1.65 the day prior to Trumps election, on Nov. 8. This means the stock more than doubled in a single month.
Good grief, you should be rejocing in your gains, not complaining about giving a small fraction of those back the last couple trading days.
Of course, maybe you have not owned the stock that long. Well, then you are talking about trading.
Im a fannie mae shareholder not a fannie mae trader. Trader's often get hooked by getting lucky on one or two trades, then eventually loose their gains and usually more.
As I have explained, "churning" (excessive trades) by a brokerage firm is illegal. The reason is that it generates revenue for market makers, and brokerage commissions, but clients almost always loose in the long run.
An exception is a professional trader, who has great experience and training.
One such "hotshot" is Ackman.
If you can not handle a couple down days, after the massive run up we had since Nov. 8, then maybe you should not be in the market.
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