Yesterday, I sold TYH right back for a $33 dollar loss, and BAC today for a $100 loss as the fed dampened my views for good. I won’t discuss what was said, it doesn’t matter. All I know is, this is the toughest environment I have ever invested in. Even with going into 70% cash yesterday, my portfolio got a beat down today. People say I am making too many trades and wish-washing too much, but I tell them that these are truly unpredictable times. However, they have a point, and I have come to a realization. Like I said when we started out on “the mission” I will be patient, and not make any moves until the smoke clears or until stocks get much cheaper. I am back to down 35k, and feeling like we are in a precarious position here. We have 10k in UPRO, 2k in TEX, and 2k in FWLT. We are in capital preservation mode. I would be in all cash, but it is too hard to watch everyday and wait for the right entry point. I have a life still, and school is my first job. Finance is not an easy degree, at all. Going long-term and taking a much needed vacation from this place. This market is headed lower.
Your complete start-up kit to investing
$19.99 per Guide
Daily Stock Picks & More
$129.99 per Year
$75 per hour
Register For This Site
A password will be e-mailed to you.
Trading Ideas (Premium Members)
Keys To Success @ Wsss.com