Fannie Mae-No Politics (FNMA)

[amelia43]

Here are reasons why I don’t trade this stock. I’ll use yesterday as an example, I woke up to this stock up 9 cents which is not a big gain then by the time I was done brushing teeth and such this thing went up 50 cents, I thought maybe I ought to trade the recent batch I bought at $1.42 just as I was debating it went up 85 cents or so. I hesitated and thought maybe this time is different. Then I had to attend work meetings online, while stuck in meetings I watched this nosedive right in front of my eyes. All the big ups and big downs within a very short time spam.

My reasons for not trading are:
1. Most of the time this is a dead stock, up and down insignificant amount not worth trading
2. Volatile days things happen too fast if I’m stuck in a meeting I miss out on all the gains
3. This is a “psycho” stock that cannot be analyzed or predicted. At any moment it can go to zero or sky rocket depending on judges’ whim, Calamari’s whim, Mnuchin’s whim, Trump’s whim,..... its a psycho whim stock
4. I’ve already reconciled that I missed tons of great opportunities on this psycho stock for over 7+ years and I don’t need money so why not just wait and hope I hit the jackpot but if not I am ok too because I have already reconciled
5. It’s still that mental weakness or addition of thinking this time is different, this time is it, jackpot is coming, lol... hey I’ve waited this long I sure don’t want to get fucked over by making a 50 cents gain then this thing hits $5, $8, $10, $20, ...... one can dream!

Enjoy your day and long weekend!