ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Personal Finance»
  • Investing in Stocks, Bonds, Real Estate, More

A Stock Traders Nightmare

Updated on November 27, 2011

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!

Comments

    0 of 8192 characters used
    Post Comment

    • againsttheodds profile image

      againsttheodds 6 years ago

      Simple tip yet truth. In any trade it pays to have a deep understanding of the type of business you would be putting money into. This can require lots of knowledge of the science or markets involved. It's certainly not just a guessing game and following any advice blindly could lead to moments of learning such as this. At least it was only $20. For that much I'd certainly sit on them and hope for the best.

    • The Rising Glory profile image
      Author

      The Rising Glory 6 years ago from California

      @dinkan53 - thanks for commenting. You are mostly correct. Most individual traders lose money even though they talk a good game. They do things like what I did when I started, play hunches, follow sales hype, etc.

      Having said that, I would also have to say that doesn't mean you can't make money -- good money! The three biggest keys to success are: 1. discipline: Trade with a plan and follow the rules of your plan 2. Position sizing: Enter the position with the correct size based on the size of your account, not the size of your confidence in the trade. 3. Cut losses early: The greatest way to make money is to not loose money. People have a natural tendency to get out of good trades too early and to stay in losing trades too long.

    • dinkan53 profile image

      dinkan53 6 years ago from India

      I asked a few of my friends those are doing online stock trading about the profit. You know they are doing it professionally, even though they are some day earning and some day loosing, but the net result is loss. According to me it is simply like slot machines and finally those doing this business will end up in zero balance account.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)