A Stock Traders Nightmare
So, what is the nightmare? It's called being a sucker and many new traders are suckers! Let me explain. The picture associated with this HUB is actually a picture taken of my personal account. I've isolated four stupidity trades that I now am sitting on hoping to for something miraculous to happen with.
If you will take a quick peek you will notice that with these four positions I own 3,600 shares that have a total market value of about $20.00. In fact, it would cost me more to liquidate these trades then to just sit on them.
What happened? When I first started getting serious about trading I was on a learning binge, signing up for anything that was free. I started getting all kinds of "hot off the press" emails about stocks that were set to "go through the roof."
Because I was an avid reader I read all of these cleverly worded sells pitches and new that the one I was reading was the next big mover in the market and I wanted all in. Now I sit with a bunch of dead shares.
So what is the lesson learned? Don't read all of the garbage!!!! Learn how to trade, put your plan together, and then trade according to your plan. Don't be like me and end up with a bunch of junk!