I Just Don’t Believe I Act Too Early
Today I sold everything in my account. I mean the 2000 shares of Bank of America. I sold them at $12.59. I made some profit on that trade and my account balance went up a few hundred dollars from yesterday. But look at BAC it is closed at $12.75. From time to time I told myself not to take action too early and try to see how it close first. I just don’t believe that feeling. It is more than a few times in the pass few trading days that I regret taking buy or sell decision too early. I really just need to sit back and take it easy and not to watch the market frequently. I just need to take a peek at market close then decide whether to buy or sell. I am going to try to that next week.
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I regret buying PCX and I regret selling it too early. I lost $1400 trading PCX. My account is still down $600 from its initial capital of $30,000. Hopefully I can get back to my feet next week. One thing I always feel good about is to hold only cash but nothing over the weekend.
Account Balance Changes: +$471.36
Related posts:
- Trader’s Mind is Full of Dilemma – My Thought Gone Wild With Bank of America
- Keeping PCX While Oil is Dropping Means I am Disconnected From the Market
- I Have Too Many IFs in My Mind
- Minutes on of Learning From the Past Stock Tradings
- Stock Market is a Box of Chocolate You Never Know What You Are Going to Get
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Hey, interesting site. I don’t seem to understand how you netted 400+ with just holding BAC from 12.50-12.59.
Hey, thanks for asking the change I report is on daily basis. yesterday BAC closed at $12.35. I sold it today at $12.59. So the account balance is up $471.36 Net off transaction fee.
I notice when you post your trades, you don’t post any targets or stops you might have in mind.
Do you just choose not to share that info? Or is it more of a “get a feel for the market, and exit when she tells you to” sort of thing?
I don’t like to use stop order. I don’t know why. I never use it. I set a target to buy or sell sometime but I usually do that when I can’t watch the market. Yes I uaually just follow what I feel about the market or a paticaular stock to make decision. But I kind of feel I lose sense of the market lately.