I hold an MBA degree, master of business administration with concentration in finance. However I lost 70% of my investment value about $70,000 over the course of 11 years. I dare not to put up my picture on the blog for fear I am going to be tag as the biggest loser. Nevertheless I learned from the pass and changed my investment strategy. I changed my whole mindset of investment and started over with what I have left...
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
-Warren Buffett
I could not access my yahoo account. I reply some spam email and yahoo has decided to disable my account. It doesn’t work to talk to them so I changed my contact email to stocktradersblog@gmail.com. feel free to contact me.
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I don’t feel like to trade till the put option I sold expires and I am still holding OZRK. I don’t feel I like to trade options again. Many of the options are not liquid enough and I hate waiting. Of course I don’t have to wait and close my option position before it expires but I feel that makes me lost some profit that I have a very high chance to get. It seems to me once you are in a position to write options you don’t want to let go until it expires.
Anyway I don’t feel like to trade because I can not get back to discipline. I can not let go the thought to earn back quickly the $10,000 I lost before I started this blog. I am searching for a balance in my mind and I feel if I start again from a clean cash position say $30,000 then I may be able to forget about the past. I want to close out all the position and move out any balance in excess of $30,000 so that I can achieve the balance I am searching for.
Have you had the same feeling and did the same before or I am silly? My account balance is at about $31,500 at this moment
I did this right after I wrote this post. I can not wait. I sold ORZK at a lost of about $400. Close out the option position. The option position net about $200. I transfer out $1,427.25 and my account balance is at a whole number at $30,000.00. I have to give myself a fresh starting point
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With all the transactions above
Account Balance Change: -$1,427.25
Twitter is very popular nowadays. I almost hear reporters talk about it every morning on radio recently when I am driving to work. There are some 200 million people registered with it if I don’t remember it wrong. It is a simple application to let friends and family knows what you are doing and at time keep in touch with them.
Since it is so popular I signed up for twitter also and you can follow stock traders blog here in twitter. I will follow you back if you follow me.
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