I went totally broke because...

Discussion in 'Professional Trading' started by Sanaz3, Feb 16, 2010.

  1. Sanaz3

    Sanaz3

    I wasn't fool, I just didn't have any trading experience, and like I said I made money, lost it, made, lost it...

    But I am now looking to future, if you have anything to say about that, you're welcome to!
     
    #11     Feb 16, 2010
  2. What were you buying/selling?
     
    #12     Feb 16, 2010
  3. Sanaz3

    Sanaz3

    Stocks only. I live in Canada but never actually traded on Toronto's market. I only traded on US markets.
     
    #13     Feb 16, 2010
  4. I just had to read the first 4 words:

    I WAS DAYTRADING STOCKS.

    This clearly explaing why you are broke.
    Not only you blewup your account, you missed opportunities by being glued to a computer.
     
    #14     Feb 16, 2010
  5. sanaz, was it through a questrade account?
     
    #15     Feb 16, 2010
  6. Sanaz3

    Sanaz3

    Yup.
     
    #16     Feb 16, 2010
  7. What stocks? Some examples? Were you using Stops?
     
    #17     Feb 16, 2010
  8. Sanaz3

    Sanaz3

    AIB, KRG, SNV, AHD,HLCS, SNSS, HITK, FOE +1000 more as I watched over 1200 stock at any time. I didn't use stops because I was in front of my laptop all the time. But my big losing trades were those that I shorted, held them overnight, and the next morning they started to skyrocket...NLST as an example. Shorted $5.75 covered at $7.50.

    One example: last July I bought 2000 shares of FOE for $2.00 and sold it for $1.98 2 hours later..Had I held on to them, I would have had over $16000 today...but I wasn't thinking investing.
     
    #18     Feb 16, 2010
  9. 2000 shares with $7000 total account equity... lol
     
    #19     Feb 16, 2010
  10. Sanaz3

    Sanaz3

    I had margin of 3X. I had over 4k cash in my account , total buying power= $12000
     
    #20     Feb 16, 2010