Listening to some financial advisors and friends for stock picking⦠ended up loosing all of the trades...
... thanks for your help, by the way have you tried "channeling" with buying in the uptrend technique?
I had a positive P&L of over $7000 combined in a swing trade of CMED and BNT when I left for a week long business trip. I placed limit sell orders instead of trailing stop losses. CMED came withing .07 cents of hitting my limit order and then........... I returned home to and sold the positions for a loss of about $2000. STUPID! Yes, I could have sold at some time during the trip, but I expected a bounce that never came. Live and learn.
Ah, lets see - this is what I wrote in my jornal. The recent dumb moves: 1) Buying shares of CHI on its XDATE (not a day before). CHI happens to have no options so I couldn't hedge against it when I realized what I did. 2) Doubling my stake in a company I considered fireproof. (I'm ashamed to list the name here) 3) Selling calls against my long position in CSX at $53 a few short moths ago. At that time I considered it to be a smart move and recommended a few people that follow me to do the same. (now at 72 and climbing)