newbie don't panic!
Posted by: SUBBlime
In reply to: None Date:3/10/2004 6:49:48 AM
Post #of 91115
confessions of an idiot: at the start yesterday I had 25,000 a stock. I was green and happy. as the day went on I sold something that wasn't moving and bought 75,000 more of that stock...happy! about 5 minutes later someone came on the board and said pr was coming....and then it did! I took my time reading the pr, went to the kitchen to get a coke. when I got back it was freefalling!! I didn't have a clue what was happening except that my money was dissolving before my eyes.
I figured maybe I didn't read the pr right..I thought it was great news!!what the hell???
I panicked, freaked and sold my 100,000 ____.
I watched as it went back up.
I put in an order to buy back in as it was going up, never filled.
sooooooo, I lost about $500, lost my dividend shares, and felt like a total idiot.
bottom line: another lesson learned.
<never let panic rule my decision to buy or sell.
<there is always another stock to play so get over it and move on.
i will study this mistake more and hope that the lesson stays with me. I am sharing my stupidity publically so that maybe it will save someone else from my mistake. sub
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I don't know anything! I don't recommend you buy, sell or hold. I am only responsible for my own screwups and that's plenty!
Art is who I am, Trading is what I do.
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